My weekly chat with Edwin Almeida, in which we discuss the fallout from the floods, how China is pulling its horns in, what property prices are doing, and we are introduced to three cockerels which Edwin has adopted.
Our latest weekly market update, and what is really going on.
All three major US benchmarks surged higher into the close, with the S&P 500 and the NASDAQ recording their best weeks since November 2020.
Equity transactions spiked at the open as the expiry of stocks and index options collided with that of index futures in a quarterly event known as triple witching. Roughly $US3.5 trillion of single-stock and index-level options were estimated to expire Friday, so the market is likely distorted by these technical issues. This triple witching — when stock options, stock index futures, and index option contracts expire on the same day — usually triggers wild moves as investors move out of old positions and take new ones.
Growth sectors of the market like tech were also helped by falling interest rates even as Fed officials urged the central bank to do even more.
The rally in the broader market has stoked debate on whether this is the start of a bottoming process, or further downside lies ahead.
Market technicians, however, urge caution on reading too much into the rally as options expiry tends to muddy market movements. Technical indicators including volumes and market breadth have yet to improve significantly to signal that the market is establishing a bottom.
Go to the Walk The World Universe at https://walktheworld.com.au/
My Friday afternoon chat with Tarric Brooker got philosophical today as we pick apart the events of the week. A number of critical issues are in play which have some potential negative impacts.
Tarric is @AvidCommentator on Twitter. His slides are at https://t.co/v1IVtBzRua
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
Well, It’s All Coming Unglued... With Tarric Brooker [Podcast]
My latest Friday afternoon chat with Journalist Tarric Brooker, as we explore the latest charts on the economy and more. Current events are getting more wild, to the point that had they been in a Hollywood plot, critics would have panned it. Tarric is @AvidCommentator on Twitter.
I am joined by Journalist Tarric Brooker as we discuss this week’s traumatic events, and he shares more slides on topics of the day. Link to slides here: https://t.co/NxO6SqzYQn
Tarric is @AvidCommentator on Twitter.
Go to the Walk The World Universe at https://walktheworld.com.au/