Week In Review: Commodity Prices & Yield Spikes US equity indexes were flat to down for the week: DJIA +0.1%, S&P 500 -0.7%, NASDAQ -1.6%. The strength in commodity prices in recent sessions, particularly industrial metals, is supporting the terms of trade for commodity exporters. This is visible in our…
While many focus on the rise of bitcoin (50K today 16 February 2021), central banks are working in the background to create their own digital currencies. Our Head of Asia Pacific, Grant Wilson, contributed to this CNBC video report on the topic which has received a lot of attention. Joumanna…
Exante Data Founder Jens Nordvig on Bloomberg Surveillance about US yield curve and dynamic for the US dollar. He also talks GBP and its bullish dynamic due to the UK’s positive vaccine rollout and the fact that the Bank of England has put its negative policy rate scenario on…
Jens talks coronavirus vaccination pace – US and Europe. Pfizer’s German facility producing vaccines is coming online. The desire now is to get the hospital pressure under control, speed up the vaccinations, and open up the services sector. He also talks the Fed’s Powell strong forward guidance and China’s creation…
Week In Review: Shots, Shots, Shots US equity indexes rose modestly for the week: DJIA +1.0%, S&P 500 +1.2%, NASDAQ +1.7%. The VIX index retreated to just under 20.0 on Friday. The US 30 year bond yield (2.00%) is back to where it started 12 months ago pre-pandemic – that’s…
The Office of the United Stated Trade Representative announced its first key senior staff appointments. Brad Setser, formerly of Exante Data and the Council on Foreign Relations, has been appointed Counselor, “providing advice on a broad range of trade and economic policy matters.” Founder Jens Nordvig says, “We wish Brad…
Week In Review: The Game Stopped US equity indexes rebounded from the previous week’s losses: DJIA 3.9%, S&P 500 4.6%, NASDAQ 6.0%. Last week’s unusual activity involving GameStop and equity market pullback subsided and the market focused on the optimistic topics of US fiscal stimulus hopes and the continued vaccine roll-out. …
Week In Review: An Unusual Episode US equity indexes had their largest losses in three months: DJIA -3.3%, S&P 500 -3.3%, NASDAQ -3.5%. This was a highly unusual week in the market. A technical situation occurred mainly with GameStop (GME), which involved retail traders, with the help of social media, combining…
Behind the Markets Podcast: Wharton Finance Professor Jeremy Siegel covers the latest economic news from monetary stimulus and jobless claims to the potential increase in the minimum wage. Plus a look at digital currency markets and the changing consumer market during the pandemic. Guest: Grant Wilson – Head of Asia…
Week In Review: Supply ConSTRAINts US equity indexes were up on the week: DJIA +0.6%, S&P 500 +1.9%, NASDAQ +4.2%. Wednesday was US Inauguration Day – Joe Biden was sworn in as the 46th President of the United States and Kamala Harris as the Vice President. On Friday, the US…
Week In Review: Political Uncertainty US equity indexes were lower on the week: DJIA -0.9%, S&P 500 -1.5%, NASDAQ -1.5%, due to political uncertainty, disappointing US economic data, and as the market waited for President-elect Joe Biden’s fiscal stimulus plan. Details of the $1.9 trillion plan came late in the…
Week In Review: Off to a Busy Start US equity indexes were higher on the week: DJIA +1.6%, S&P 500 +1.8%, NASDAQ +2.4%. Democratic Senate candidates won their respective races in Georgia, giving the Democratic party a Senate majority. Wednesday’s turmoil at the US Capitol, which interrupted the counting of…
