Fed Cuts, “Sell the News” Risks & Dollar Weakness
Opinion on Wall Street is almost unanimous that investors “buy the dip” in the event of any selloff ensuing over the coming weeks. I always get a bit nervous when markets become one-sided, but a lot of liquidity seems to be sidelined and ready for a correction should it emerge. JP Morgan’s trading desk said in […]
Wall Street Rises as Trump Tariff Threats Shake Markets
Wall Street benchmarks extended higher on Tuesday led by technology, and as investors digested Trump’s latest warning on tariffs that would be levelled at not just China, but also neighbouring countries Canada and Mexico. Bonds edged higher, while the US dollar surged to the highest level since mid’23 on the view that tariffs could stoke […]
Is the commodities correction over?
Wall Street extended higher, driven by mega-cap tech after softer labour data galvanised expectations for September rate cuts. Bonds rallied with yields lower across the curve, which also weakened the US dollar. Commodities jumped. Gold and silver staged decent upward dynamics, which potentially marks the resumption of upward momentum following a six-week correction. The Chinese Nasdaq Golden […]
