Tech stocks bounced back vigorously on Tuesday, with the Nasdaq climbing 2%. Following the DeepSeek upheaval, traders scoured the remnants of Monday’s tumult for undervalued gems. Despite persistent concerns about overvaluation and potential turbulence due to “Trump’s tariff threats” and a seemingly indefinite Federal Reserve pause, AI stocks’ allure remains a compelling narrative. Navigating this…
Foreign Institutional Investors (FIIs) have maintained a consistent selling trend in the Indian equity markets throughout January, being net sellers on almost every trading day this month, with total equity sales in the cash market reaching Rs 66,602 crore as of January 24th. The data has been procured from the National Securities Depository Limited (NSDL)….
The Dow Jones eased somwhat on Friday, testing into 44,300. Despite a quiet end to the week, equities are poised for strong bullish closes. US PMI data came in more mixed than expected, to little effect. The Dow Jones Industrial Average (DJIA) churned into a soft backpedal on Friday, testing down around 200 points on a…
TSMC’s strong Q4 2024 earnings and positive 2025 forecast boosted market sentiment and drove gains in chip stocks like Nvidia. Overall corporate profits remain strong, with a high percentage of S&P 500 companies exceeding earnings estimates. Technically, the S&P 500 is still in a bearish trend, but a close above the 5981 handle could signal…
NIKE has been trading bearish for the last three years, but we see it trading in a larger A-B-C correction, which can be finally coming to an end in 2025. We are actually tracking final stages of wave C of an ending diagonal/wedge pattern, where final subwave (5) can be in progress. Ideal support comes…
The Dow Jones tumbled 700 points on Friday after NFP figures surged in December. Market bets for Fed rate cuts sank, rate traders now expect a single rate cut this year. Consumer sentiment and inflation expectations also rose, further hitting risk appetite. The Dow Jones Industrial Average (DJIA) took a hard hit on Friday after…
The Dow Jones cycled near familiar levels on the first trading day of 2025. Tepid intraday flows crimp hopes for a ‘Santa Clause rally’. Initial Jobless Claims improved, but not enough to spark a firm risk-on bid. The Dow Jones Industrial Average (DJIA) fizzled on Thursday, kicking off the 2025 trading year with a flat…
The Dow Jones lost 400 points on Friday. Holiday markets traded on the low side, Dow ended the week flat. Another midweek holiday next week will crimp market volumes. The Dow Jones Industrial Average (DJIA) shed around 400 points on a quiet Friday. Most investors are still out of the markets on holidays and thin…
In 2023 European banks managed to outperform their US and UK peers by quite some distance while US and UK banks underperformed, although the rebound seen in the European banking sector in 2023 needs to be set in the context of years of underperformance by banks across Europe as a result of the turmoil of…
In the wake of President Trump’s incredible political comeback and victory, billionaires and tech titans are flocking to Palm Beach, eager for an audience with the newly reinstated leader. The private airport near Mar-a-Lago has become the scene of a high-stakes competition, with private jets crowding its runways as power players vie for face time…