News and Analysis

UTILITIES: We have seen a ‘stealth’ rally in utilities (XLU, @Utilities) stocks this year. They are only lagging the high-flying energy sector (see chart). This reflects a recent...

Last Week’s Top Five Market Winners Nasdaq Stock Market (NASDAQ) The past week was unique with only two stocks on the NASDAQ finishing out the week in positive territory....

Doge defies downturn as Musk calls for meme coin Twitter payments Crypto has had a tough week, with Bitcoin sliding 9% lower after the Federal Reserve released minutes from their...

Summary Big tech are getting stronger in the pullback The silver lining to the tech sell-off is that the big tech ‘strong are getting stronger’. The cooling of last year’s tech...

UPSIDE RISK: US and allies have dramatic plans to sell oil from their emergency ‘strategic petroleum reserves’ (SPR) to contain $100+ oil prices. The US is targeting sales of 1.0m...

For the last two years, the world has been living through a global pandemic. We started wearing masks, navigated our lives in between lockdowns, and became proficient in rapid...

FOCUS: Markets are nervous and repricing the electoral odds in a tightening (see chart) French presidential election that goes to 1st round polls on Sunday. The stock market has...

A LOW BAR: Global first quarter earnings season unofficially starts next Wednesday, April 13, with JPM leading US bank reports. Consensus has set a low bar for S&P 500,...

TOUGH Q1: There were few places to hide in Q1, with commodities the only asset class in the green. Nevertheless, equities and crypto have seen a sharp rebound out of ‘correction’...

Last Week’s Top Five Market Winners Nasdaq Stock Market (NASDAQ) The past week included significant gains for Clovis Oncology Inc. (CLVS), Grid Dynamics Holdings Inc. (GDYN),...