Daily Report | 16 May 2023
The S&P 500 and the Dow Jones ended with gains of 0.3% and 0.14% respectively, after the release of manufacturing
Weekly Report | 15 May 2023
Last week review: The world has entered a mild recession phase, meaning that Fed's "medicine" is (finally) working. The
The US Dollar Gained 1.4% Over the Euro, Yen and Other Currencies
Today’s Outlook: The US Dollar gained 1.4% over the Euro, Yen and other currencies (the biggest gain since September);
Daily Report | 15 May 2023
US stocks closed in negative territory for the fifth consecutive day o Friday (12/05/23), led by weaker mega cap shares
Investors Expect The Federal Reserve Will Soon Stop The Upward Trend of US Interest Rates
Today’s Outlook: Investors expect the Federal Reserve will soon stop the upward trend of US interest rates as data
Daily Report | 12 May 2023
The Dow Jones closed with a downside of 0.7%/221 points on Thursday (11/05/23), driven by a dive in Disney and ongoing
US Inflation (Apr.) Came in At 4.9% YoY
Today’s Outlook: US Inflation (Apr.) came in at 4.9% YoY, slightly lower than forecast at 5% YoY (0.4% MoM); while Core
Daily Report | 11 May 2023
Nasdaq led the US stock index rally with its highest intraday gain in 8 months, supported by US Inflation (Apr.) data
Most Market Participants Still Seem to Be Holding Back
Today’s Outlook: Most market participants still seem to be holding back as reflected by US stock indexes that are flat
