World equities at fresh all-time highs US equities sustained elevated mood on Tuesday closing near their all-time highs, passing the baton to Wednesday trading. SPX futures tested new all-time high at 3925 today, but trended lower later during ...

Daily Market Insights & Charts

Democrats inch closer to the huge stimulus bill. Should we expect inflation shock? Both houses of the US Congress approved on Friday a budget plan that effectively deprived Republicans of any possibility of obstructing a new coronavirus relief ...

Daily Market Insights & Charts

S&P 500 poised to break 3900 on NFP release as the US recovery gains steam The December Non-Farm Payrolls report made investors seriously worried about impact of the coronavirus restrictions imposed in the winter on the US economy. Then the number ...

Daily Market Insights & Charts

Market short-squeeze is likely to continue keeping broad market under pressure Asian and European stock indices rose on Monday, while silver surged nearly 10% (5-month high) as investors on social media and chatrooms have apparently set their choice ...

Daily Market Insights & Charts

Why stock markets can fall further, but not for long The US dollar extends bullish correction entirely on the back of increased volatility in the stock markets. The risk-off on Friday were fueled by an apparent liquidity shortage in China money ...

Daily Market Insights & Charts

What does seasonality tell us about equity markets growth in February? US consumer confidence ticked higher in January, but details of the Conference Board report showed persistent concerns of households about job opportunities. This suggests weak ...

Daily Market Insights & Charts

China – new center of gravity for investors? Asian equity markets climbed to the levels close to all-time highs on Monday amid expectations that growth in Asian economies will continue to outpace recovery of Western peers. Interestingly enough, the ...

Daily Market Insights & Charts

Reflation bet in the US appears to be gaining traction US futures and European stocks resumed rally anticipating more bullish updates from the new US administration. We saw fresh highs in S&P 500 yesterday and extension of bullish sentiment in ...

Daily Market Insights & Charts

Three reasons for uneven equity markets growth in 2021 Stock indices of advanced economies rose on Wednesday, large ETFs investing in emerging markets saw moderate inflows on Tuesday. The speech of Janet Yellen who assumes the office of the US ...

Daily Market Insights & Charts

What to expect from December US retail sales report? In his Thursday address president-elect Biden announced $1.9 trillion economic recovery plan, but surprisingly, markets were not particularly excited about this. On the contrary, there was some ...

Daily Market Insights & Charts

USDJPY and Biden fiscal plans There was only a brief pause of stocks in terms of bullish headlines from the US government: starting from the last week, we observe development of the store with a new aid package from the Democrats who have finally ...

Daily Market Insights & Charts

Inflation expectations rise in the US. What does it mean for a new fiscal stimulus? Judging by the recent developments in the US money and Treasury markets investors start to expect that the Federal Reserve will start to normalize policy sooner than ...

Daily Market Insights & Charts

There is too much tax uncertainty for US big tech right now. Time for shorts? In my Monday post we discussed why it may be appropriate to short US Dollar in the first half of January. Yesterday we’ve got the first signal of development of this our ...

Daily Market Insights & Charts

Two reasons to sell USD in January The beginning of the new year was not distinguished by any surprising moves in FX space. USD remains under heavy pressure, ceding ground to majors, comdollars and EM currencies. It was though unusual to see that ...

Daily Market Insights & Charts

Key near-term risks for risk-on. USD targets for the next week Risky assets saw modest losses on Friday amid the emergence of a new roadblock in the stimulus package negotiations - Republicans' proposals to restrict the Fed and the Treasury to use ...

Daily Market Insights & Charts

Explaining 10yr-2yr spread and Fed’s meeting baseline scenario. Near term USD outlook Decline of US Dollar accelerated on Wednesday before the Fed meeting as the consensus strengthened that the US Central Bank will float additional monetary easing ...

Daily Market Insights & Charts

Is there anything to stop stocks decline except fresh fiscal headlines? The ECB meeting had little chance to send Euro lower: recall that on November meeting, Lagarde warned investors that they should expect a major policy adjustment in December, ...

Daily Market Insights & Charts

US stocks dodge correction as new US stimulus plan seems to suit both parties US stock market once again dodged looming bearish pullback on Tuesday thanks to positive news on the stimulus package. Treasury Secretary Mnuchin presented a new stimulus ...

Daily Market Insights & Charts

This broken link between banks and bond markets indicates Central Bank support is the only thing that matters for stocks Price action in European equities and US futures lack clear direction on Tuesday as markets wait for a "Christmas gift" in the ...

Daily Market Insights & Charts

A case for a bearish pullback in S&P 500. What could go wrong? US job growth fell short of expectations in November, pointing to waning recovery momentum in the US economy. However, it didn’t stop the US equities from renewing all-time highs. SPX ...

Daily Market Insights & Charts