Market in Review 3/13/2024
MARKET REPORT
Review:
– Traders waiting on PPI and Retail Sales data
Market in Review 2/28/2024
MARKET REPORT
Review:
– BTC Surge to $64k record ETF volumes, then Flash-crash/Coinbase exchange users show 0$ Bal
– Mitch Mconnell will step down as Senate Rep leader in Nov
– PCE deflator, sales, PCE and core PCE revised up
– US Q4 GDP revised lower
– Soft Aussie CPI
– Dovish RBNZ hold
– AAPL CEO Cook says it will “break new ground” in generative AI this year
– Berkshire Hathaway increases cash reserves by $60B last 15mnths to $168B (suggesting recession?)
BA Nears 1 Trill Market Cap
– Dimon says AI is not ‘bubble/hype”
– Treasuries up, Dollar/Gold/Crude flat, Equities off small
Market in Review 2/1/2024
MARKET REPORT
Review:
– US NFP TOM MORN. All eyes. (+AU PPI)
– Strong ISM Manufacturing
– Conflicting Gaza ceasefire reports
– Rising initial jobless claims
– BoE hold rates, as expected (three-way split)
– Stocks up, Dollar down, crude down, crypto consolidates, Gold flat.
Market in Review 1/9/2024
MARKET REPORT
Review:
– Oil supply concerns (Middle East)
– RCM/TIPP Economic Optimism lifts
– Samsung Electronics profits fall for sixth straight quarter
Market in Review 1/4/2024
MARKET REPORT
Review:
– Morgan Stanely go Dollar neutral (from Bullish). Call for EUR down and YEN up (Short Eur/Yen)
– Strong EZ PMI revisions
– BTC/ETH bounce 4% (shock)
– ADP National Employment report saw the headline beat at 164k (exp. 115k) ALTHOUGH wages components saw the median change in annual pay for job ‘stayers’ ease from 5.6% to 5.4% while for job ‘changers’ it eased to 8.0% from 8.3% (IE wages off)
– Jobless claims strengthen to 200k
– US Equities flat.
– Crude puked on open, recovers (somewhat)
– Precious metals up smalls.