NAS100 upside momentum is strong, but the index is overbought
The weekly NAS100 has charted a series of higher troughs followed by higher peaks. This puts the index into an uptrend.
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The weekly NAS100 has charted a series of higher troughs followed by higher peaks. This puts the index into an uptrend.
The US2000 tracks the performance of 2,000 small-cap US stocks. It is generally a more volatile index, as smaller companies have more limited access to financial resources than big companies. Many view the US2000 as a barometer of the US economy, due to its sensitivity to macroeconomics. Thus, its underperformance is worrisome.
The chip designer’s stock surged on Thursday, after the quarterly results showed strong demand for its Artificial Intelligence-related products, lifting the tech sector, despite debt ceiling uncertainty and hawkish repricing around the Fed
Headline Inflation decelerated sharply in April as Wednesday’s data showed, but remains elevated and the core surged, keeping pressure on the Bank of England for more monetary tightening and harming the UK index
Some of last week’s optimism around the outcome of the debt ceiling negotiations has faded, as latest rhetoric seems to be less conciliatory, with the June estimated deadline looming
The JPN225 is trading at its highest levels since August 1990. It is up over 6% month-to-date and up over 16% over the last 12 months.
The broader US index rose on Wednesday as optimism prevailed around regional banks and for a successful resolution to the debt ceiling saga, but there are still reasons for caution
The Bank of England raised rates again on Thursday and kept the door open to further tightening, but the index shows resilience as the bank does not see recession any more
As growth companies are inclined to retain and reinvest their earnings back into the company, their expected dividend stream is pushed back into the future. This means that growth companies are more sensitive to interest rate movement than value companies due to these inherent time value of money characteristics i.e., a dollar today is worth more than a dollar in the future. The opportunity cost increases as interest rates rise…
NAS100 rose on Friday as markets viewed the solid employment report as a sign against recession, also helped by tech earnings and easing banking fears, but is cautious today as upcoming inflation figures loom
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