02 Jun 2022 - Wall St turns lower on mixed economic data and commentary from JP Morgan CEO. Prices of commodities complex rally amid recession concerns.
01 Jun 2022 - Inflationary pressure remain rampant across the globe as markets struggle to bounce off bear market lows, with a rising oil price a potential complication to consumer spending.
31 May 2022 - US stocks and bond markets were closed for Memorial Day holiday. Hot German inflation trims US futures after it rose which cast a shadow over optimism on lockdowns easing in China. Crown Resorts (ASX:CWN) has been hit with a $80 million fine.
30 May 2022 - The US consumer is proving to be resilient in the face of higher inflation with a Bank of America report suggesting that negative earnings reports in the retail sector is not indicative of a imminent economic disaster.
27 May 2022 - Wall St advances for a 2nd day on better than expected outlook, putting the bears to sleep. Goldman Sachs has reaffirmed its neutral rating on Westpac Banking Corp. April retail sales data due today.
26 May 2022 - US stocks popped higher as investors felt hopeful that the economy will slow down enough for the central bank to consider adjusting its rate hiking cycle towards year end while digesting a weaker outlook from retail giants. M&As are heating up. Keep an eye out for Westpac (ASX:WBC), Infratil (ASX:IFT), Perpetual (ASX:PPT), and Pendal Group (ASX:PDL).
25 May 2022 - Wall St turns mixed after another volatile on Wall St. Tech selling returned as investors are in flux and are confused as if the sell off has more to go and if inflation has peaked.
24 May 2022 - US stocks rallied into the close, a much needed rebound after almost 8 weeks of declines as investors went bargain hunting. Biden’s proposed new Asia trade pact, comments from JPMorgan Chase CEO Jamie Dimon and the Atlanta Fed President buoyed optimism
23 May 2022 - With S&P500 touching official ‘bear market’ territory on Friday night, leading market experts are now starting to highlight the risk of a US recession in 2023. If that’s the case the market can expect further downside if history is any indicator. As it stands US indexes are all posting 7 week losing streaks, with the DOW posting its first 8 week losing streak since 1923.
20 May 2022 - Wall St closed lower as global indexes posted declines on mounting recession concerns. Shares in China bucked the trend as hopes continue to grow on the easing of lockdown restrictions in June.
