Please note that as from January 2022 I am taking a break from my regular posting of educational articles. I plan to travel a bit, assuming no Covid curve-balls, and will only be posting articles when I see a chart that captures my interest.
Last week: US stocks closed lower for the week due to concern over Omicron and the Fed but it seems that Covid, once again, is dominating headlines in the lead up to Christmas; as the screen shot of the CNBC page below reveals. All four of the US index majors, the S&P500, DJIA, NASDAQ and […]
Last week: US stocks closed higher last week as concern over the impact of Omicron waned. All four of the US index majors, the S&P500, DJIA, NASDAQ and Russell-2000, closed higher for the week, despite the larger than expected print for US CPI, with the S&P500 closing at an all-time weekly high. Market participants will […]
Last week: Markets were rattled again last week following the emergence of Omicron in the USA and increased global spread of the variant and this was then compounded by Friday’s weaker than expected NFP jobs report. This resulted in a volatile week for stocks and so it is of no surprise to see the VIX […]
Last week: Markets were relatively quiet to start the week, with the lower-volume trading associated with Thanksgiving week, but were well and truly rattled on Friday following concerning news about the fast-rising Omicron; a Covid variant that has emerged out of Southern Africa. This news sent global stocks markedly lower resulting in bearish weekly candles […]