Last week: Better that expected US Retail Sales data and earnings from some big USA retailers provided a positive back drop for stocks to start the week but Friday’s announcements of a new lock-down in Austria and new restrictions in Germany, in the face of rising Covid cases, rocked those stocks sensitive to the reopening […]

Last week: US equities were rocked by the high US CPI print, the most significant increase in 30 years, such that all four of the US stock index majors, the S&P500, DJIA, NASDAQ and Russell-2000, closed with bearish weekly candles. This bearish week has to be viewed in the context of a stock rally that […]

Last week: US equities shrugged off FOMC taper talk and were no doubt lifted by the upbeat US jobs report with all four of the US stock index majors closing at new all-time weekly highs. Even more positive news was released after Friday’s US market close with the passing of President Biden’s bipartisan infrastructure bill […]

Last week: October ended up being a strong month for US stocks with the four stock index majors, the S&P500, DJIA, NASDAQ and Russell-2000, all closing higher and with the first three closing at new all-time highs and, essentially, with bullish-engulfing style monthly candles. The S&P500 and AUD/JPY both carved out particular achievements; the S&P500 with […]

Last week: The S&P500 and DJIA are back navigating all-time Highs as Earnings season continues and the US$ remains weak. There were some mixed earnings reports, with weaker guidance on SNAP triggering a 26% pullback in the share price and INTC noting its struggle with supply chain issues, but all four of the major US stock […]