To recap my previous post, the NASDAQ composite has recovered most of its gains from its recent selloff and is approaching all-time-high prices as tech stocks have recovered momentum. The S&P 500 (SPX) Index reached record levels last week as investors look with optimism toward an accelerating economic recovery. NASDAQ Index – (2 Year Chart) Read More
Posts by Juan Luque - Assistant Trader & Portfolio Manager
From the Trading Desk: Unfamiliar Territory
To recap my previous post, US Treasuries continue to be in the spotlight. Last week, the 10-yr Treasury Bond yield passed 1.7%, levels last seen more than a year ago. As a reminder, it started the year around 0.90% and has nearly doubled in less than three months. 10-year US Treasury Bond Yield (GT10 Govt) Read More
From the Trading Desk: February Recap
To recap my previous post, Bitcoin hit a new all-time high price last weekend of over $58,000, however, it has fallen below $50,000 or more than 13% so far this week. The largest Bitcoin fund, Grayscale Bitcoin Trust (GBTC) has suffered more than the currency itself, losing over 20%. The fund closed below the value Read More
From the Trading Desk: Market Recap GME, BTC, and Commodities
To recap my previous post, Reddit’s Wallstreetbets (WSB) Gamestop (GME) excitement ended a few days later with hedge funds losing billions and retail investors showing they are the new force in the game. This is being called the democratization of markets where now retail investors can have a much greater impact. GameStop Corp (GME) YTD Read More
From the Trading Desk: GME Diamond Hands Going to the Moon
To recap my previous post, the U.S dollar remains in a downtrend and commodities continue rising despite some weakness this week. With the possibility of increased inflation on the horizon, commodities are well positioned for a sustained bull market in the years to come. China continues to drive demand for metals and soft commodities around Read More