Weekly Market Wrap | 1 April 2023
#NASQAQ_BullRun #BABASplit #LULUResults
Topic #1: NASDAQ surged into a new bull market after 3 years
NASDAQ price chart
The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of...
Weekly Market Wrap | 25 March 2023
#UBS-CS #25bpsHike #TikTokTestimony
Topic #1: UBS acquires Credit Suisse
Credit Suisse, one of the world's largest banks, has been taken over by its long-time rival UBS for $3.25 billion. The acquisition, which was announced on March 20th, marks the end of an era for Credit Suisse, which had been in business...
Weekly Market Wrap | 18 March 2023
#SVBCollapse #AramcoResults #USInflation
#Topic 1: Silicon Valley Bank Collapse
Silicon Valley Bank, which lends a majority of its money to tech companies, collapsed last week, marking the second largest bank failure in the history of the US.
Why did it happen?
Last Wednesday, Silicon Valley Bank announced that it had sold all of...
Weekly Market Wrap | 11 March 2023
#LIBOR #FebJobReport #ChinaGrowth
Topic #1: LIBOR crosses 5% for the first time since 2007
The 3-month LIBOR (London Interbank Offered Rate) cracked 5% for the first time in 15 years on Monday, on account of the rise in expectations of Fed policy tightening. The LIBOR is a globally accepted benchmark rate...
Weekly Market Wrap | 03 March 2023
Topic #1: Higher rates haven’t been bad for everyone
The US dollar has been on the rise in the past week. In fact, the US Dollar Index (DXY) tracks the performance of the US dollar against a basket of top foreign currencies and has risen by 4% from its low...
Weekly Market Wrap | 24 February 2023
Topic #1: Has faith in China’s recovery dwindled?
The Hang Seng Index is now down 10.06% since its high in January. Some believe the market decline is due to growing geopolitical concerns and doubts over the strength of China's economy. Investors are also seeking more evidence that the economy's recovery...
Weekly Market Wrap | 17 February 2023
Topic #1: Sticky Inflation in the US & UK
Latest US inflation data out on Tuesday has disappointed investors, as prices continued to rise in January by 6.4% annually. This marked the seventh consecutive month of price increases, with only a slight cooling from December's 6.5% pace. The "core" measure...
Weekly Market Wrap | 10 February 2023
Topic #1: Cautious Optimism
Current fear-greed index in the past week is at a high since the start of 2023. Yet, inflation is not as simple as it appears and thinking that it will swiftly return to normal levels is a perilous misconception. Despite starting to decrease from its all-time...
Weekly Market Wrap | 3 February 2023
Topic #1: Fed’s Interest Rate Hike Battle
In this week's market update, the Federal Reserve (the Fed) increased the benchmark interest rates by 0.25 percentage points, bringing it to 4.5%-4.75%. This move was widely expected and is part of the Fed's commitment to maintaining transparency and stability in the markets....
Weekly Market Wrap | 27 January 2023
Topic #1: China’s Lunar New Year Rebound
Data out on Wednesday showed that Chinese families celebrated the Lunar New Year in high style.
What does this mean?
While the lifting of Covid restrictions alone will not immediately revive China's economy, recent indicators suggest that the country is beginning to recover. For example,...