Matt Weller CFA, CMT
Consumer confidence recap: A rollercoaster of economic emotion
The January Consumer Confidence report is a reminder that the US economy is like a rollercoaster ride, full of ups and downs.
Fed meeting preview: The magic show of interest rates, inflation, and growth
The big question on everyone's mind is, will Fed Chairman Powell be able to pull off another successful performance?
Nasdaq 100 poised to erase the weekly gain after downbeat guidance from Microsoft
With the index trading between its 50- and 200-day EMAs, as well as the middle of 4-month range, there is no clear medium-term technical bias...
Tesla (TSLA) poised for a bounce after a brutal December?
From a technical perspective, there are some signs that TSLA is setting up for at least a short-term bounce.
NFP preview: no signs of a slowing jobs market yet!
Thankfully, some of the early data suggests that the US consumer remained healthy as of December, and that optimism is keeping expectations for the labor market elevated as well.
FTSE (UK 100) rallying on two positive macro stories to start the new year
The index is gaining nearly 1.5% to start the new year, and more importantly, it has rallied up to test its highest level in seven months...
USD/JPY: Christmas week recovery rally may soon stall out
Given the confluence of resistance levels and general low-interest trading environment ahead of year-end, it would be logical for the USD/JPY’s corrective rally to reverse ahead of the weekend...
FOMC meeting recap: Powell presser poses more questions than answers
The Fed Chairman isn’t yet willing to entertain a pause in rate hikes or the prospect of rate cuts in 2023, though he continues to emphasize the central bank’s data dependence...
FOMC meeting preview: 50bps hike likely, but will the 2023 dots rise above 5%?
While there seems to be a clear consensus that the central bank should slow its pace of rate hikes, the ultimate question for this week’s meeting will revolve around the so-called “terminal rate,” or how high the Fed will have to push interest rates next year before pausing the rate hike cycle.
NFP preview: Is the jobs market FINALLY slowing?
Based on the limited figures we have access to, there’s some evidence that the labor market has deteriorated over the last month...
Index in focus: DJIA (US 30) coiling below key resistance
This week’s tight range signals a fine balance between buyers and sellers, but the short-term momentum still remains with the bulls...