2021-11-29 | Market Commentary
The U.S. stock markets plunged alongside oil prices and U.S. Treasury yields on Friday, 26th November 2021. This is after South Africa raised the alarm over a fast-spreading strain of the coronavirus, sparking concerns that travel restrictions and other curbs will spoil the global economic recovery. The World Health Organization (WHO) assigned the newly identified variant with the Greek letter omicron. The formally recognized strain was previously referred to as lineage B.1.1.529. Ultimately, the consensus is that this is a […]
2021-10-04 | Market Commentary
Market saw the biggest weekly slide since February, and the biggest monthly selloff since March 2020, marking this the worst quarter since the pandemic began.
2021-09-27 | Market Commentary
US stock markets closed higher on Friday – making it a higher close for the week as well. There was much volatility during the week and, at times, it looked like we were headed for another leg lower. We saw the Federal Reserve indicating that they will be tapering soon, worries from the fallout of China Evergrande Group, along with the latest […]
2021-08-30 | Market Commentary
U.S. stock market closed, once more, at record highs on Friday, August 27, 2021. Fed Chairman Jerome Powell’s comments during his 2021 Jackson Hole speech gave investors comfort that the withdrawal of stimulus would be gradual. In his address, he said that it would be appropriate to begin tapering bond purchases by the end of the year. He added that the economy […]
2021-08-16 | Market Commentary
US stock market closed higher on Friday, 13 August 2021, as it continued the trend from last week.
2021-08-09 | Market Commentary
The US economy added 943,000 jobs in July, the highest in 11 months, which exceeded the 870,000 median estimate of economists surveyed by Bloomberg.
2021-08-02 | Market Commentary
Amazon shares dropped 7.6% after the company’s revenue and sales outlook missed expectations. Markets whipsawed last week on a combination of factors.
2021-07-26 | Market Commentary
The week started as predicted on a weak note due to fears of the more virulent COVID-19 variant taking grips on economies around the world.
2021-07-19 | Market Commentary
According to the U.S. Labor Department, the CPI jumped 0.9% in June and 5.4% from the same month last year.
2021-07-12 | Market Commentary
The U.S. stocks closed at record highs on Friday, 9th July, 2021. This was an about-turn from the selloff we experienced on Thursday.
