Market Overview

The S&P 500 has gone up a lot and in a very short period of time. When this happens, there is a possibility that the index may have a correction.Correction can happen in 2 ways. A sideways...

The recession that was widely predicted when the year began has only been postponed, some forecasters warn. The US is likely to contract at some point in the new year, runs the updated outlook. Maybe,...

The US new home sales report came out weak on several key aspects. Sales fell 5.6% m/m to 679K vs 719K a month earlier (revised from 759K).The median price of a home sold in October was 409.3K, down...

Gold Continues Rising as the US Dollar WeakensThe gold (XAU) price rose for the third consecutive trading session, gaining 0.58% and reaching a six-month high. The U.S. economy continues signaling a...

Yesterday was a fairly uneventful day, with the S&P 500 falling roughly 20 bps. Meanwhile, the 2-year auction at 11:30 AM was fairly ugly, with the new issue tailing one bps, while indirect...

Monday morning’s rebound in US bond yields didn’t last long; the US sovereign bond yields fell as rapidly as they rose on Monday as a $55bn auction of 5-year US bonds saw strong demand...

The 2023 holiday season is officially upon us, and already, records are being shattered. Black Friday deal-hunters in the U.S. shelled out $9.8 billion online, a 7.5% over last year, according to...

Market Overview: S&P 500 E-mini FuturesThe weekly chart formed an S&P 500 E-mini follow-through bull bar following the breakout above the bear trend line. The next target for the bulls is...

Gold Settles Above 2,000 Due to the US Dollar's WeaknessThe gold (XAU) price rose by 0.5% on Friday and finished the day above the important 2,000 mark for the first time since 27 October. Friday's...

Volatility, gauged by the Vix indicator, has seen a remarkable 41% decrease in the past four weeks, marking its ninth most significant drop within this historical timeframe. Meanwhile, managers are...

Last week ended on a positive note where the US equities advanced to fresh highs since summer on a holiday-shortened trading week. The S&P 500 gained for the 4th consecutive week and closed the...

The Mastercard SpendingPulse data noted that black Friday shopping increased by 2.5% y/y, down sharply from a 12% y/y increase in 2022. When we think about this, adjusted for inflation, that would...

Here's a quick update for this holiday-shortened week! From my perspective, two things mattered this week: The release of the FOMC meeting minutes The latest consumer sentiment reading Fed Suggests...

As investors, we must glean crucial information about the companies on our radar when repositioning our portfolios. InvestingPro's 'Data Explorer' allows you to search for all the data you need among...