It’s difficult not to be amazed by the performance of US stocks that printed another highest level ever (almost touching 3260 last Thursday). The optimism was primarily driven by market confidence on US signing deal with China on phase-one deal by mid-January. Even the sour sentiment after US air-strike on the beloved Iranian commander of… Read More My Market – Killing the Bull ?
Market has been quiet in the last week of year, with S&P500, Gold, and Oil were up another 0.58%, 2.2%, and 2.1% respectively while the US-10 yr yield dropped for a mere 4 bps. US stock index has been peacefully climbing up in the absence of geopolitical tensions in the mid of festive and holiday… Read More My Market – Recession fear has set for another record high this year
Last week was highlighted with Trump’s tweet on possible deal delay with China, China’s frustration with Hong Kong or Xin Jiang Bills, and closed with strong US Payroll data. Market showed significant resilience last week despite the escalating tensions between US and China amidst their trade deal [S&P500 +0.16%, US10YR yield +6bps, Oil futures +7%,… Read More My Market – Entering a volatile festive month
Moore Capital, one of the most prominent macro hedge fund, was said to shutdown their operation and return money to investors after under performance for the past few years. This signified the difficulty of trading the market amidst the uncertainties around geopolitical tensions and central banks’ policy. It sounds rather ironical given that by simply… Read More My Market – Stock Market jittered over Hong Kong Bill
It’s hard not to acknowledge market optimism based Friday’s price action as it defies the usual retreat after stronger data post a more hawkish Fed’s statement. S&P500 ended up 3066.91 almost 1.5% higher than previous week. On Friday itself after the strong non-farm payroll number (128K vs expected 90K), the index jumped almost 1% with… Read More My Market – Overly Optimistic