Bulls vs. Bears: Fed fuels optimism of soft landing
Fed Chair Powell and Lower inflation data fueled optimism of September rate cuts, sparking a shift back into small-caps
Market Calendar 15th July – 19th July 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 12th July – Joy of softening inflation becomes concern about softening economy
In a surprising turn of sentiment, the Magnificent 7 had their worst day in months, while the broader market was firmer, despite cooling inflation data. The sentiment of rejoicing falling inflation became the reality check investors have been blind to, as it points to a slowing in the U.S. economy even if Federal Reserve interest rate cuts become a possibility later this year.
Pre-Market Pulse 11th July – Stocks hit new record as Powell predicts “soft landing“
Stocks hit fresh records as the S&P 500 closed above 5,600 for the first time Wednesday, led by tech and ongoing hopes for sooner rate as Fed Chair Jerome Powell delivered his second-day of testimony before Congress, a day ahead of fresh inflation data.
Pre-Market Pulse 10th July – Stocks grind higher as Powell flags signs the economy is softening
Stocks eked out another tiny gain to secure another record close for the fifth-straight session as testimony from Federal Reserve Chair Jerome Powell didn’t sway investors from bets on a first rate cut in September.
Pre-Market Pulse 9th July – Markets lost for direction into Inflation data & Powell testimony
Markets lacked direction as investors showed a cautious sentiment ahead of testimony by Federal Reserve Chair Jerome Powell to Congress and key inflation data this week.
Balanced Portfolio Recommendation: TRIM 2% (Take Profit +11%) Stanmore Resources (SMR)
Given the recent rally in Stanmore Resources Limited’s stock price, driven by the fire at Anglo American’s Grosvenor mine which significantly reduced global seaborne coking coal supply, we recommend taking profit on half of our position.
Pre-Market Pulse 8th July – Previous months job numbers mysteriously disappear
Equities closed at record highs Friday on bets that Federal Reserve rate cuts may soon be on the horizon after 100,000 jobs “disappeared” from April and Mays jobs numbers.
Market Calendar 8th July – 12th July 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Bulls vs. Bears: US Summer & 4th July make for quiet week
Global markets were very quiet this week as the US celebrated independence day, the UK went to the polls, and the ASX saw some inter-sector shifts with the new FY
Pre-Market Pulse 5th July – US closed for 4th July Holiday, Key jobs data in focus
In short, nothing happened overnight. Equity futures were mixed with the DOW +0.7%, S&P500 -0.09% and the Nasdaq -0.21%