Overall, US markets enjoyed a significant rally on Wednesday, with the S&P 500 gaining 2.7%. Notably, the Nasdaq Composite is now less than one percentage point away from being back to where it started 2020. The Nasdaq was led higher by 8% plus gains from Micron, Marriott, Alphabet (Google’s parent) and Align Technology. S&P 500:…
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The rallies after bear markets make up most of the gains over the years. You have the advantage of “convexity” which is a fancy way of saying that the recovery is a much bigger percentage than the loss – for example if the market sells of by 1/3 (33.3%) and then you invest, you make…
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GOLD Gold price is rebounding and reaffirming the positive mood that followed yesterday’s Fed meeting. Investors remain confident about a relatively quick solution to coronavirus, although it is now abundantly clear that central banks will be forced to print a large amount of money. From a technical point of view, in the middle of April…
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The US charge is being led by the current Presidential administration, which has unveiled its vision for reclaiming US nuclear leadership. The 2021 budget proposes creating a US$1.5B U3O8 reserve through 10 years of purchasing US$150m p.a. (circa 3.75 mlbs p.a.) of domestic U3O8 production. Further congressional approval will be sought to expand this initiative…
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Firstly, clients often do this knowing that they are protected should their account reach a negative balance; either because the protection is mandated by regulators or knowing the difficulty brokers have collecting on negative balances. This gives the client a nearly risk-free trade with a large downside to the broker who still needs to honor…
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EUROPEAN SHARES Shares mainly opened higher on Wednesday ahead of what is expected to be a very busy day for investors despite an uncertain mood following mixed earnings yesterday. Today’s market sentiment is likely to be shaken as traders struggle to find any fresh bullish drivers to the current rally amid a slew of major…
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All three major US stock indices posted a negative day yesterday, with the tech heavy Nasdaq Composite falling furthest at -1.4%, although the index is down just 4.1% year-to-date. Information technology stocks were among the day's biggest losers, with the IT sector of the S&P 500 falling 1.4%, driven by a 2.4% decline in software…
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This caused the price for the future contract of crude oil, with delivery in May, to drop to negative values. Many traders were obligated to receive a product with no way to sell or store it, so they came down to paying $40 per barrel to anyone who would accept to take their product. Trading…
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EUROPEAN SHARES Stock markets in Europe lacked a clear direction on Tuesday following a similar trend on Asian benchmarks. The risk appetite is still alive this week but investors remain torn between reassuring data on the virus front and poor earnings results. Lower infection rates almost everywhere seem to suggest the market bottom may now…
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The bank set out to buy unlimited amount of government bonds by abandoning loose guidance to buy them at an annual pace of ¥80 trillion. The statement said: “The BOJ will purchase necessary amounts of government bonds without setting an upper limit.” The bank pledged to buy government bonds and short-term securities to keep the…
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