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Market Analysis

Bank of America sends blunt message to Nvidia stock investors

Every few quarters, the debate around Nvidia moves. For a while, it was about whether AI demand was real. Then it was about whether margins could hold. Now, heading into its August 26 earnings report, the question is wh…

6 min read

Stocks Trading Higher on Favorable CPI Report and Positive AI News

The S&P 500 Index ($SPX) (SPY) is up +0.45%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.00%. September E-mini S&P futures (ESU26) are up +0.99%, and Sept…

5 min read

Dollar Slips on Dovish US CPI Report

The dollar index (DXY00) is down -0.08% as expectations for a Fed rate hike eased on today’s favorable CPI report. The dollar was also undercut by today’s -2.1 bp decline in the 10-year T-note yield, which undercut the …

3 min read

British Pound holds near 1.3500 as CPI relief meets Hormuz risk

The Pound Sterling (GBP) holds firm within familiar levels on Wednesday after the US inflation report was in line with estimates, a relief for the Federal Reserve (Fed), which is laser-focused on tackling higher prices.…

3 min read

Cooler inflation buys the Dow Jones Industrial Average nothing

The July Consumer Price Index (CPI) landed at 12:30 GMT on every line the consensus had written for it, and the Dow Jones Industrial Average (DJIA) has spent the hours since handing back the few minutes of enthusiasm th…

7 min read

Japanese Yen pares gains against US Dollar as markets digest US CPI

The Japanese Yen trims its gains against the US Dollar (USD) on Wednesday as in-line US CPI data fails to trigger a significant move. At the time of writing, USD/JPY trades around 159.20 after touching an intraday low o…

3 min read

Oil: Tightening supply supports elevated prices – BNY

BNY notes Crude Oil prices remain elevated as doubts over a US–Iran deal heighten supply concerns. The International Energy Agency (IEA) reports global Oil markets tightened further in July, with demand, supply, refinin…

1 min read

Stocks Settle Lower Ahead of Wednesday’s CPI Report

The S&P 500 Index ($SPX) (SPY) closed down -0.32% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.33%. September E-mini S&P futures (E…

7 min read