Wall Street suffered a steep drop yesterday, with the tech-heavy Nasdaq Composite tumbling 2.21% and the S&P 500 falling 1.44%. Investor anxiety is spiking over high valuations and the staggering capital expenditure big tech companies are pouring into AI infrastructure. Major hardware and memory makers like Micron (down 13.2%) and Qualcomm (down 8%) took massive […]
Stock markets in correction mode Read More »
FTSE 100, S&P 500Markets rallied after president Trump announced the cancellation of planned military strikes against Iran, stating that discussions have reached the highest levels of leadership and a deal is close to being signed. Markets are difficult to trade when Trump intervenes, he can change the direction of the market depending on what he says.However the news
Gold is near a bottom Read More »
FTSE 100, Gold, S&P 500The BTI, a sentiment indicator, turned bearish three days after the S&P 500 made a new all-time high. Global markets are reacting heavily to a massive tech-led selloff from Friday and escalating geopolitical tensions over the weekend. Friday saw a severe correction in semiconductor and tech shares, leading to a 4% plunge in the Nasdaq
Bearish sentiment returns Read More »
FTSE 100, S&P 500The S&P 500 closed yesterday at a record high of 7,209, marking its best monthly performance since late 2020. However, futures are showing a slight pause as investors digest a flood of earnings and a pivotal Fed meeting. Alphabet shares surged 10% yesterday to record highs on massive cloud revenue growth. This helped the tech
Tech earnings boost S&P 500 Read More »
FTSE 100, S&P 500While recent sessions have seen the S&P 500 and Nasdaq hitting record levels, the immediate outlook is shaped by high oil prices and the ongoing “higher-for-longer” interest rate narrative. This narrative is not going away, plus the supply chain disruptions, there are stories of food and petrol shortages coming soon. The S&P 500 is at
New all-time high in the S&P 500 Read More »
FTSE 100, S&P 500News that negotiations to end the Middle East conflict could resume in Pakistan within the next 48 hours has acted as a massive relief valve. WTI Crude has dipped toward $91, easing concerns over energy-driven inflation. The S&P 500 extended its rally, the FTSE 100 is about to follow. The earnings season is underway, BlackRock
Is the correction over? Read More »
Copper, FTSE 100, Inflation, S&P 500After a strong rally last week—driven by hopes of a ceasefire—investors are turning defensive following the collapse of peace talks between the U.S. and Iran. The subsequent confirmation of a naval blockade in the Strait of Hormuz has triggered a sharp rise in oil prices and renewed fears of supply chain disruptions. Last week rally
Stock markets reaching resistance levels Read More »
FTSE 100, S&P 500Following a surge of optimism regarding a ceasefire between the U.S. and Iran, the S&P 500 closed Thursday with solid gains. The FTSE 100 however was flat. All eyes are on the release of the Consumer Price Index (CPI). This is the primary driver for today’s price action as it dictates the Federal Reserve’s next
Stock market rally will run out of steam Read More »
FTSE 100, S&P 500Markets are reacting sharply to news of intensified conflict in the Middle East. Following statements from the U.S. administration regarding military actions in the Middle East, oil prices have surged (Brent crude rising over $4), which is putting immediate downward pressure on global equities. Trump declared that the core strategic objectives of Operation Epic Fury
Relief rally runs out of steam Read More »
FTSE 100, S&P 500The S&P 500 is struggling to rally despite lower oil prices, it seems investors are concerned about a potential escalation in the war with Iran this weekend. The FTSE 100 is rallying but it has yet to reach the first resistance area above the 55-period moving average. UK core CPI came in higher than expected
Rising inflation in focus Read More »
FTSE 100, Inflation, S&P 500