Inflation and Interest Rates in Focus Today
US Consumer Prices for February came in better than expected (2.8% vs street 2.9% and previous 3.0%), and stocks are rallying on the news. This sign of benign inflation, even amid all the recent trade war and tariff turmoil, may be taken as a sign by investors that the Fed is not under pressure to […]
Trade War Fears Drag Markets Down
SIA Wealth Morning Minutes will not be issued tomorrow, it will return on Wednesday March 12th. Amid ongoing uncertainty over the potential impact of tariffs and trade wars on the global economy investor sentiment continues to shift from enthusiasm to caution. Bitcoin, a proxy for investor confidence, is down 3.9% and trading in the low […]
Stocks and Oil Rebound as Focus Turns to Employment Data
North American employment reports were disappointing as US Nonfarm Payrolls (151K vs street 160K) and Canada employment (1K vs street 20K) both came in below expectations. Wage inflation was steady in the US near 4.0%, but accelerated in Canada to 4.0% from 3.7% last month. US index futures are climbing 0.2% to 0.6% on this […]
Semiconductor Selloff and Rising Layoffs Drag on Markets
The weight of high AI growth expectations and valuations appears to be catching up to the Semiconductor sector. Last night Marvell Technologies beat the street by a penny on both EPS and guidance. That news, however, clearly was not good enough for many investors as Marvell shares are down 18.6% premarket and dragging other chipmakers […]
Winds of Change Steer Stocks Upward
Much of the focus of investors has been on change in and related to the United States since President Trump returned to office in January. There have been developments on government spending, tariffs, the Ukraine War, international relations, domestic issues and more, capped off by President Trump’s speech to Congress last night. Today, the focus […]
Trump Talks Tonight as Tariff War Begins
The long threatened 25% US tariffs against Canada and Mexico and 10% tariffs against Canadian Energy and China began at midnight this morning. The announcement yesterday, which sent US indices down 1.5% to 2.6%, has continued to impact stocks around the world overnight. Tokyo fell 1.2%, and European trading this morning finds Frankfurt down 2.4%, […]
March Starts Strong Led By Crypto Recovery
Last week’s uncertainty and caution has quickly gone by the wayside as bulls have roared back to life to kick off March. President Trump’s announcement of a Strategic Cryptocurrency Reserve has lit a fire under the cryptocurrency market. Bitcoin has rallied from just above $80,000 to above $92,500, currently up about 10.6%. The prospect of […]
Stock Selloff Continued Overseas Overnight
The last trading day of February finds stocks trying to stabilize following yesterday’s selloff that saw the Dow lose 0.4%, the S&P fall 1.6% and the NASDAQ drop 2.8%. Today finds NASDAQ futures flat and Dow futures up 0.4%. Chipmaker Nvidia which plunged 8.5% yesterday post-earnings remains under pressure, however, down another 1.8% premarket. Asia […]
Bank Earnings Start Strong; Cryptocurrencies Crumble
US index futures are trading flat to up 0.1% this morning as they try to regain their footing from recent losses, including declines of 0.5% for the S&P 500 and 1.2% for the NASDAQ yesterday. European markets are climbing this morning with the Dax up 0.25% and the FTSE up 0.5%. The biggest action this […]
Stocks Bounce Back as Canadian Bank Earnings Week Begins
It appears that Friday’s North American selloff was primarily related to options expiry as markets have been bouncing back this morning. US Index Futures are up 0.4% to 0.7%, with Dow Futures leading the rebound from Friday’s US index losses of 1.7% to 2.2%. In Europe today, the Dax is up 0.9% with investors celebrating […]