October has proven to be a tremendous month for the S&P 500 Index and NASDAQ Composite following September’s sharp losses. Both indices are trading near record levels amid strong corporate earnings and have raised the question, one more time: How much more can stocks continue rising? S&P 500 Index (SPX Index) 5-year monthly chart October, Read More
Posts by Juan Luque - Assistant Trader & Portfolio Manager
From the Trading Desk: Another Stock Rebound?
The CPI figure of 0.3% was lower than the estimate of 0.4% and significantly less than the 0.5% reading posted in July. The lower-than-expected figure offers some support to the Fed’s and Biden administration’s view that current high inflation levels will be temporary, as it shows prices surged less than expected in August. U.S. Stocks Read More
From the Trading Desk: Commodities’ Inflationary Outlook
Uncertainty and fear of higher-than-expected inflation have been on investors’ minds for the past few weeks. Last week it was announced that the Consumer Price Index (CPI) rose more than 5% year over year, amounting to its biggest increase since 2008. Stocks in the U.S. did not respond in line with CPI figures however, considering Read More
From the Trading Desk: Global Market Recap
In the U.S., wearing a face mask will not be required for fully vaccinated citizens, Germany’s Covid-19 spread continues to fall, Turkey is looking to start easing restrictions on its population, and Italy’s vaccination efforts show high effectivity in controlling the pandemic. Meanwhile, Hong Kong will impose travel restrictions from Taiwan and Singapore. Taiwan posted Read More
From the Trading Desk: Commodity Backwardation
Many countries around the globe continue to face another deadly wave of Covid-19. India, Thailand, Brazil, and others are still struggling as more restrictions are being placed on the population to fight the pandemic. Some European countries are starting to lift restrictions as vaccination numbers are increasing and new cases are beginning to fall. In Read More