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After a perfect storm in Q2 will the S&P500 rebound in Q3?
U.S stock markets are on track to lock in their worst first-half performance in decades. The S&P500 is currently down over 15% in the second quarter and on track to lock in an ~20% decline for the first half of the year.
S&P500 building for a bear market end of month rally?
The S&P500 closed 2.33% higher overnight in its first session this week as the Juneteenth long weekend provided a circuit breaker, allowing investors to regroup after U.S equity markets plunged over 10% the past two weeks.
S&P500 is the short squeeze over already?
Despite data from China today that showed the Omicron outbreak appears under control and that Chinese economic data may have bottomed, it's been a disappointing day for U.S equity futures, giving back all of yesterday's gains and more
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Things go from bad to worse for risk
There’s no respite as investors continue dumping stocks and other risk assets
Asian Open: Brace yourselves, it’s another sea of red on Wall Street
Investors continued to adopt simple strategy of ‘if it moves, sell it’ overnight, seeing equities bonds and commodities move broadly lower.
Will the bond market meltdown be the undoing of the S&P500 - Part II?
U.S yields punched to fresh cycle highs overnight on robust economic data and hawkish commentary from Fed Governor Brainard.
Will the bond market meltdown be the undoing of the S&P500?
U.S. yields have surged higher again this week to their highest level since May 2019, after Fed Chair Powell opened the door to a 50bp rate hike at the next FOMC meeting, causing fresh pain for global bond markets.
SP500 - a dead cat bounce or a stronger recovery Part II?
This morning, the Federal Reserve followed the lead of the ECB last week to deliver a hawkish surprise. The Feds dot plots showed the median dot in 2022 rose to 1.875%, consistent with another six rate hikes in 2022, in line with market expectations.
SP500 - a dead cat bounce or the start of a stronger recovery?
A synchronised "risk-on" move across multiple asset classes overnight, including the S&P500 and oil, based on optimism that Russia and Ukraine may find a diplomatic solution to end the bitter war and that OPEC+ will increase oil supply.
Asian Open: Wall Street continues to slide, Rouble nears 2-year low
It was a sea of red for US indices overnight, with the Dow Jones entering a technical correction and all three major benchmarks hitting multi-month lows.
Asian Open: Wall Street rallies into month end, AUD/NZD firm pre-RBA
After 5-day of choppy yet sideways trading on Wall Street, momentum finally tipped its hand with a broad rally for US indices.
US open: Stocks point to mixed open, oil rises
Stocks are set for a mixed start as geopolitical concerns and central banks remain in focus.
Asian Open: Wall Street extends selloff, yet ASX futures point higher
Futures markets currently suggests that the ASX 200 will defy negative sentiment today, yet unless key resistance levels are cleared it could become a dead-cat bounce.
Asian Open: Wall Street posts late-stage gains after turbulent start
The minor gains on Wall Street may not look like much initially, but they become more impressive when compared to their initial losses of around -5%.
Index in focus: Dow Jones Industrial Average bursts to record high to start 2022
After a stronger-than-average holiday period, the DJIA is potentially setting up for a strong 2022 performance...
Asian Open: Wall Street Places Earnings over Bottlenecks, RBA up Next
Earnings continued to exceed expectations and propelled indices to new record highs, despite supply chain issues weighing on US productivity.
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Reading the risk barometer -S&P500
With month-end rebalancing flows now underway that often lead to whippy and unpredictable moves in FX markets and the month of June shortly upon us, we take this opportunity to update our view of the S&P500, the preferred barometer of risk sentiment. As things stand currently, the S&P500 is on track to register a gain of almost 5% during May - consolidating and building upon its impressive 13% rally in April.
US Futures consolidating, watch EXPE, MDT, TTWO, BBY, LB
The S&P 500 Futures are facing a consolidation after they rebounded over 1% yesterday
What is the VIX telling us?
In amongst the explosive price action the past six weeks, there have been a few short term reliable patterns for traders to reference. One such example is since the S&P 500 commenced falling from its 3397.50 high in February, five of the six re-opens on a Monday morning have featured the S&P 500 futures “gapping” lower on the re-open. Essentially a “gap lower open” represents an immediate lower repricing of risk assets following negative news headlines over the weekend. In recent weeks the gaps have followed news relating to the global spread of COVID-19, intermixed with bearish headlines for crude oil.
SP500 defies news flow
Overnight the stream of bad news around COVID-19 continued, as testing confirmed the virus has now infected 1million globally and killed more than 51,000 people. Compounding the negative news flow, jobless claims in the U.S. rose to 6.65 million, taking the two week total to almost 10 million, a number that just weeks ago seemed unimaginable, prompting Cleveland Fed President Mester to comment that the unemployment rate could exceed 15%.
US Stocks: Was Last Week the Bottom or Is This a Dead Cat Bounce?
Looking at the sector performance, breadth, and historic precedents we believe the odds favor a retest of the lows at minimum...