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Markets Jittery Ahead Of Jobs Report

Markets Jittery Ahead Of Jobs Report  Share   Share Trending By the closing bell on Wednesday, there was a lot of green on the screen; all the major equity indices were higher, along with gold and bonds. The gains were slim, and it was a push and pull until the final minutes of trading. For the year, it’s the Russell 2000, still ahead of the pack.  Russell 2000: +16.4% S&P 500: +12.0% Nasdaq Composite: +6.7% Market breadth was pretty ho-hum, looking at advancers to decliners, but other co...
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Ringgit opens lower amid cautious sentiment | Money

Thursday, 27 May 2021 09:47 AM MYT The local note was traded mostly higher against a basket of major currencies. — Picture by Hari Anggara Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 27 — The ringgit opened slightly lower against the US dollar today amidst cautious sentiment over the global market situation, with investors on the lookout for economic data to be released soon, a dealer said. At 9.05am, the local currency eased to ...
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Interest Rate Threshold Keeps Dropping

Interest Rate Threshold Keeps Dropping  Share   Share Trending Initial Jobless claims totaled 900,000 for the week ending January 16 th, after shedding 965,000 in the week prior. These numbers are over four times greater than they were a year ago. I find this to be not only sad but also remarkable in that we are still losing close to one million jobs per week a year after the Wuhan virus first broke out. More signs of economic stress were found in the December Retail Sales report. Sales drop...
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Time to stop drinking the 'Kool-Aid'?

1/22/2021 8:50:37 AM GMT The question we have is whether markets are still too positive? The virus keeps spreading, data is sliding, and mutant variants may be immune to the vaccine.  As we end the week, we have to hope that the stimulus packages keep working and trust in the science! We still feel that we have seen the peak of optimism to start the year and that risk sentiment should pull back to match the deteriorating virus situation and disappointing vaccine roll out. After strong New Zeal...
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