SGT Chart Book 20.05.24

By SGT Trading Desk / 20 May 2024

Risk on: The Dow closed above 40,000 for the first time on Friday.
The three major US equity markets achieved new all-time highs last week, with the headline being the Dow crossing 40,000 for the first time.

SGT Chart Book 13.05.24

By SGT Trading Desk / 13 May 2024

US equities put in a decent performance for the week, with the Dow up 2.2%, SP500 1.9% and Nasdaq 1.1%. The Dow extended its longest winning streak of 2024 to an eight-day run.

SGT Chart Book 06.05.24

By SGT Trading Desk / 06 May 2024

Last Week’s Highlights: US Job data (non-farm payroll: NFP). Job growth slowed and unemployment ticked higher last month. U.S. employers added a seasonally adjusted 175,000 jobs in April, the Labor Department reported on Friday. That was far less than in March, when gains exceeded 300,000. It was also below the 240,000 jobs that economists had expected.

SGT Chart Book 29.04.24

By SGT Trading Desk / 29 Apr 2024

Last week saw a reversal in US Equites as the markets absorbed the Geopolitical news, confinement and US earnings seems to be the theme with big tech back in focus. Nasdaq rallied 4.2%, SP500 2.7% Dow Jones 30 up a poultry 0.7% on the week.

SGT Chart Book 22.04.24

By SGT Trading Desk / 22 Apr 2024

Geopolitical concerns, Israel/Iran and inflation, future rate cuts in US dominates the narrative. Nasdaq: Worst Week Since 2022, racking up a 5.5% weekly decline. The S& P 500 dropped 3.1%, and the Dow Jones Industrial Average up 0.2%.

SGT Chart Book 15.04.24

By SGT Trading Desk / 15 Apr 2024

Key Market Drivers: Inflation and geopolitical worries were once again the focus of the week. We are getting further risk off sentiment heading into the weekend, and seeing a flight to safety, with the dollar stronger, and equities being sold off.

SGT Chart Book 08.04.24

By SGT Trading Desk / 08 Apr 2024

Key points of the week: Fridays US jobs report showed the adding of 303,000 jobs way above expectations. March manufacturing data released on Monday was above 50 indicating expansion, first time in over a year.

SGT Chart Book 01.04.24

By SGT Trading Desk / 01 Apr 2024

USA500: Strong first quarter of 2024, with gains over 10%. Last week again saw new highs for this rally. The hourly chart shows trendline support beneath market levels…

SGT Chart Book 25.03.24

By SGT Trading Desk / 25 Mar 2024

US Stock markets pushed to new highs by hopes that high borrowing costs are coming to an end. On Wednesday, after Fed Chair Jerome Powell indicated that the central bank was still on track to cut interest rates three times this year, all three major indexes hit new record highs. FOMC forecasts shows 75 bps of rate cuts in 2024.

SGT Chart Book 18.03.24

By SGT Trading Desk / 18 Mar 2024

S&P 500 lower for Second Straight Week, after higher-than-expected inflation data releases. Consumer (CPI) and producer prices (PPI) released earlier this week reported higher inflation than expected. This data is expected to slow down hopes that the Fed could soon begin cutting interest rates.