October turned out to be an extremely successful month for the US stock market. The past week played a significant role in this. The main events of the week were meetings of a number of key central banks (ECB, Japan and Canada), as well as the publication of data on US GDP for the first quarter (first reading). Against the background of low inflation, the Bank of...
Yesterday may seem rather strange in terms of the dynamics of prices in the US stock market, although in fact everything was quite logical in light of the events that took place. The two main events of Thursday - the publication of data on US GDP and the announcement of the results of the ECB meeting - seem to have little to do with each other, but in fact it was...
The reporting season continues to beat analysts' forecasts with ease. About 40% of S&P 500 companies have already reported earnings. 83% of them exceeded earnings expectations and 79% exceeded earnings forecasts. It would seem that the golden age and shopping is the only reasonable course of action. But not everything is so simple. Will companies be able to...
The markets continue to behave as if there will always be a lot of cheap money, which means that you can buy at absolutely any price: tomorrow there will be someone who will buy at even higher prices. We already wrote yesterday that for a dollar of Tesla assets in the US stock market, they are now ready to give more than $ 40. Actually, a clear illustration of...
The week started for the US stock market for the 9th day of growth in a row. A surprisingly impressive series considering the heap of problems that now surrounds the global economy. Apparently, everyone wants to have time to buy before the publication of the reports of the FAAMG group. As a reminder, all key US tech companies are reporting this week. Facebook...
The main result of the past week, perhaps, is the following conclusion: the markets wanted to grow and found reasons for growth. About these occasions and the main events of the past week in today's review. The US stock market has turned into a real furious bull, which can only be stopped by the Fed. But the next meeting of the FOMC is still a week and a half, so...
We already wrote a month ago that Erdogan has finally found a man for the post of head of the Central Bank, who shares his unique view of monetary policy. The essence of this “vision” is as follows: a rate cut should help fight inflation. Don't ask why. Considering that inflation in Turkey is about 20%, it was not difficult to predict the results of yesterday's...
The US stock market continues to tear and toss. The formal reason is the same - the successful start of the reporting season. More than 70 companies from the S&P 500 index have already reported financial results. According to Earnings Scout magazine, 86% of companies exceeded their ratings. Overall, third-quarter earnings are forecast to rise 35% over last...
The US stock market ended with growth for the fifth day in a row. Judging by the SP500 index, its further fate should be decided if not today, then tomorrow. A move above 4500 will be an unconditional victory for the bulls and will pave the way for further growth. As for the reasons for growth, analysts can think of nothing better than a successful reporting...
Last week, in the minutes of the last FOMC meeting, the Fed practically announced the start of a cycle of monetary tightening. But inflation is not just a US problem. Central banks' inflation targets have been exceeded several times in the Eurozone and the UK. This means that both the Bank of England and the ECB need to tighten monetary policy. Tellingly, verbal...
The past week can be safely attributed to risky assets. The US stock market showed steady growth, oil went above 84 (Brent mark), and Bitcoin so generally flew above 60K. And although this was all part of the general dynamics in risky assets against the background of a sharp decrease in the level of fear (the VIX index again storms pre-pandemic marks), each asset...
Yesterday, without a doubt, can be written into the asset of the supporters of risky assets. The stock market was growing, cryptocurrencies were growing, commodity markets were growing. The successful start of the reporting season was named as the reason. Indeed, banks are beating analysts' profit forecasts with one left hand. But few people think about the true...
Based on yesterday's data on the US inflation and the texts of the minutes of the last FOMC meeting, the decline in the dollar and the growth of the US stock market seem illogical and rather strange. On the other hand, this is a great reason to buy the dollar cheaper and sell it on the stock market for a higher price. Consumer inflation in the United States (the...
All Prices Rise, Republicans Threaten, and Dimon Is Perplexed The current energy crisis is a clear illustration of how everything bad that can happen happens almost simultaneously. Judge for yourself, this whole crisis began with the fact that the level of gas reserves in Europe was below the 5-year average. It would seem unpleasant, but tolerable. And then 33...
Last week's Senate vote on US government debt ceilings boosted the mood in financial markets. In principle, today one more injection of positive from the House of Representatives is not ruled out (we must also vote on this). But what's next? And then you have to look around. And around now everything is not very good. Evergrande skipped the third round of bond...
Last week, financial markets focused on the same events: a potential US default, the energy crisis and the future of US monetary policy. It is impossible to say that at the end of the week one of these stones was removed from the soul, but the markets still received some reasons to calm down. We are talking about voting in the Senate for an increase in the...
Yesterday the markets continued to be optimistic about the future, because one of the key fears - the US default is still delayed in time. We are talking about what, in general, the Republicans announced on Wednesday - the powers of the US Treasury Department on borrowing have been extended until early December (the Senate has already voted to increase the public...
At first, yesterday was in line with basic trends. In a panic, we bought up any assets with the prefix energy. The peak of hysteria was observed in Britain, where natural gas prices grew by almost 40% during the day. But as usual with moments of hysterical growth, they stop almost instantly and for no apparent reason. As a result, oil and gas prices formed...