SPX 500

Santa’s rally refers to the tendency for equity markets to rally into the end of the year. Today we take a closer look at this phenomenon on the S&P 500.

S&P 500 is heading to a lower open amid a cautious market mood. After strong gains across November, on bets that the Fed is at peak rates and could cut next year, attention now turns to economic data for clues over the Fed's next move. US factory orders are due today but the main focus will be on Friday's non-farm payroll figures. Meanwhile Uber rallies on S&P 500 inclusion news and Coinbase soars as Bitcoin hits breaks above $40k.

Stocks are set to end November on a strong footing after US core PCE, the Federal Reserve's preferred inflation gauge cooled inline with forecasts. Core PCE eased to 3.5% YoY from 3.7%, supporting the view that the Federal Reserve has finished hiking interest rates. Attention now turns to NY Fed President Williams for his comments ahead of Fed Chair Powell speech tomorrow.

US stocks are set for a mixed open, with the S&P 500 hovering around a 3-month high after four straight weeks of gains. Optimism that the Fed has finished hiking interest rates has boosted demand for stocks. This week's US inflation data could provide further clues over the Fed's future path for rates. Today e-commerce companies will be in focus amid high expectations for strong Cyber Monday shopping.

US stocks are set for a subdued open on Black Friday with the market open for half a day. Despite drifting today, stocks have had an impressive November, on track to be the best monthly gain in 3 years as data pointed to the Fed being at the end of its hiking cycle. Attention will be on US PMI data which is expected to tick lower.

US stocks are heading higher after a mildly lower close yesterday. Investors digest the latest Nvidia results, along with falling jobless claims and durable goods orders. The Fed meeting minutes saw policymakers reiterate that rates should remain high for longer. Still the market is convinced that the next move by the Fed will be a rate cut. Nvidia beat forecasts on top and bottom line.

I have always had an inkling that US equity markets tend to perform well heading into Thanksgiving. So today, I put that theory to the test.

The Nasdaq and S&P 500 both seem somewhat overbought following a rapid three-week surge. Wednesday's price action has raised the possibility of a short-term pullback. Despite this, it's essential to differentiate any potential short-term weakness from a bearish reversal, unless price action on the charts or a strong pushback from the Federal Reserve indicate otherwise.

Global stock indices continued to make strong gains, extending recovery from the previous session. Bets that the Fed is done with rate hike is what’s driving markets higher, while mixed technology earnings have reduced fears about overstretch valuations in the sector.

US stocks head higher, extending gains from yesterday after hints from the Fed that it is at the end of its hiking cycle. US treasury yields have fallen boosting stocks. US jobless claims rose to a 7-week high ahead of tomorrow's non-farm payroll data. Earnings are also in focus with Apple is set to report after the close and is expected to post a 6th straight quarterly decline in revenue. EPS is set to rise to $1.39.

U.S. stocks are set for a quiet open as investors wait for the Federal Reserve monetary policy decision and digest several macro releases as well as more corporate earnings. The market has fully priced in the Federal Reserve keeping interest rates unchanged at a 22-year high of 5.25% to 5.5%. Instead, the focus will be very much on the statement and Federal Reserve chair Jerome Powell's press conference for clues over how long the central bank could keep interest rates elevated.

Stocks are pointing to a stronger start on Monday, rebounding from steep losses last week. Still, stocks are set for a third straight month of losses, the longest losing streak since 2020 and the pandemic era. While the economic calendar is quiet today, attention is turning to the Federal Reserve interest rate decision on Wednesday and Apple's earnings on Thursday.

U.S. stocks are pointing to a lower open, extending yesterday’s losses as investors digest the latest GDP data and as earnings continue to come in thick and fast. US Q3 GDP rose 4.9% annualized, up from 2.1% and ahead of forecasts of 4.3%. However, core PCE cooled by more than expected across the quarter to 2.4% from 3.7%. Meta is falling after disappointing guidance and Amazon is set to report after the close.

US futures are heading broadly lower as the market digests earnings from Alphabet and Microsoft. Google parent Alphabet is set to open around 6% lower after beating on both the top and bottom line but slower growth in its Google Cloud business unnerved investors. Microsoft is pointing to a 3% rise on the open. As well as earnings, attention will be on Federal Reserve Chair Jerome Powell who will speak. His comments come after strong PMI data yesterday.

The 4-month winning streak on oil prices is on track to be snapped, with October having erased all of September’s gains. And this flies in the face of current news flows, of the potential for the Middle East conflict to escalate and send oil prices higher (alongside food, energy and inflation expectations).

Stocks fall on the final day of the week as investors continue digesting Fed Chair Powell's comments from yesterday, rising tensions in the Middle East as well as the latest US earnings. US treasury yields are hovering around a multi-year high on bets that the Federal Reserve will need to keep interest rates high for longer. Fed speakers will be in focus later in the session.

It was “risk off” again first thing this morning as Europe’s leading indices fell along with US index futures following Wednesday’s selling. Though the indices bounced off their lows by mid-day London, it remained to be seen whether the markets will be able to regain their poise meaningfully. Recent recovery attempts have all been futile. This could be another one.