Afternoon Debrief Aug 15th 2019

Stock market trades mixed, Walmart rises on upbeat results and guidance The S&P 500 is up 0.2% in a mixed session that has included its fair share of trade headlines, corporate news, and economic data. Today’s price action hasn’t been too convincing, though, as none of these events has provided the market any new revelations […]

Read More

US Morning Briefing Aug 15th 2019

Walmart report transcends volatile pre-market session The S&P 500 futures trade 15 points, or 0.5%, above fair value in a volatile pre-market session. Futures were pulled lower after China threatened to retaliate against the upcoming 10% tariff rate on Chinese imports, but solid results and guidance from Walmart (WMT 112.71, +6.51, +6.1%) has lifted futures back into positive […]

Read More

US Market Debrief Aug 14th 2019

Stock market sinks on economic growth worries Each of the major U.S. indices lost around 3.0% on Wednesday, as weak global data and a recessionary signal in the U.S. Treasury market sent stocks reeling. Broad-based selling left both S&P 500 and Russell 2000 down 2.9%. The Dow Jones Industrial Average lost 3.1%, and the Nasdaq […]

Read More

Afternoon Debrief Aug 14th 2019

Stocks sell off as growth concerns, yield inversion weigh The stock market is selling off today, fueled by recessionary worries following more disappointing global data and a brief inversion of the 2s-10s yield spread. The S&P 500 is down 2.7%, comparable to the declines in the Dow Jones Industrial Average (-2.7%) and Russell 2000 (-2.6%), […]

Read More

US Market Morning Briefing August 14th 2019

Stock market inverting as 10-2 spread inverts U.S. equity futures have backtracked from yesterday’s relief rally, as weakening global data continues to pressure equities and further invert the U.S. Treasury yield curve. The S&P 500 futures are down 32 points and trade 1.1% below fair value. Chinese stocks started the day broadly higher after the […]

Read More

US Market Debrief for August 13th 2019

Market spots relief in tariff-reprieve headline U.S. stocks rallied on Tuesday after the White House announced that it will delay the 10% tariff rate for some items imported from China, including cell phones and laptops, until Dec. 15. Apple (AAPL 208.97, +8.49, +4.2%) led the broad-based advance and contributed to the solid gains in the S&P 500 (+1.5%), […]

Read More

Afternoon Debrief for the 13th of August 2019

Stock market boosted by tariff delay, tech stocks lead advance The stock market has received a boost after the U.S. delayed a 10% tariff rate on certain items imported from China until Dec. 15, while removing other items altogether. The trade-sensitive technology stocks have powered the Nasdaq Composite (+1.9%) ahead of the S&P 500 (+1.6%), […]

Read More

US Morning Briefing for the 13th of August 2019

Risk sentiment remains under wraps The S&P 500 futures trade six points, or 0.2%, below fair value as geopolitical angst and economic uncertainty continue to dampen risk sentiment.  In Hong Kong, flights were suspended for a second consecutive day as government protesters again filled the airport’s international hub. Hong Kong’s Hang Seng dropped 2.1% on […]

Read More

US Morning Briefing 12th of Aug 2019

Lingering China worries weigh on U.S. futures to kick off trading week The S&P 500 futures trade 18 points, or 0.6%, below fair value following a turbulent week on Wall Street, while investors continue to assess U.S.-China trade relations and the Hong Kong government protests. The Hong Kong protests have yet to materially affect U.S. […]

Read More

Market Prep for Week 33

Next week the US will be publishing inflation rate, retail sales, industrial production, housing data and flash Michigan’s consumer sentiment. Elsewhere, other important releases include: UK unemployment, wage growth, inflation and retail sales; Eurozone trade balance and industrial production; Germany Q2 GDP figures; China industrial output, retail sales, fixed asset investment and house price index; […]

Read More