September 16, 2025

Daily commentary

Calm in the markets ahead of tomorrow's FOMC, where the 25bps cut is expected and additional information will be sought from the Fed regarding the path it will take for the rest of the year. Equities marginally down in the US after a drop of more than 1% in Europe, amid weakness in the dollar, which hit its lowest since February 2022...
September 15, 2025

Daily commentary

With the focus of the week on the widely expected rate cut by the Fed on Wednesday, risk assets had a positive day, with the Nasdaq gaining as much as 1% and the S&P500 0.85%, rising alongside European and Asian indices that lagged slightly. At the same time, rates...
September 8, 2025

Daily commentary

Treasuries continue to gain ground, seeing a bull flattener today in which long bonds saw yields fall as much as 7bps vs 2bps for shorts, finishing below 4.7% on 30y as the notion of three 25bps cuts by the Fed in the remaining three meetings in 2025 takes hold.
September 4, 2025

Daily commentary

Wall Street traders are bracing for Friday's jobs report, a trio of data that reinforced the view of a cooling labor market, keeping the Fed's bets on rate cuts, which remain in place as it drives even the market higher.
September 3, 2025

Daily commentary

Wall Street traders continued to pile up bets that the Federal Reserve will cut rates in September as weak jobs data improves Those bets also underpinned the market, which halted a two-day rout amid a high-tech rally...
September 2, 2025

Daily commentary

Stocks add to bond slide as 30-year yield nears 5% Wall Street started September on a sour note, stocks down amid heavy corporate debt selling and budget concerns in the developed world. Gold hit an all-time high...
August 29, 2025

Daily commentary

Wall Street traders drove the market lower amid a selloff in technology stocks that have driven the rally following April's crisis. This despite inflation data that did little to alter bets on rate cuts by the Federal Reserve....
August 28, 2025

Daily commentary

The S&P500 touched 6,500pts for the first time in history after a slightly positive close of U.S. indices, in a session of gains in major global assets. In fixed income, treasuries had a bull flattener, with long bonds rising (-5bps) and shorts flat...
August 27, 2025

Daily commentary

Wall Street traders pushed stocks higher ahead of results from Nvidia Corp. - the latest of the "Magnificent Seven" mega-caps to report. With earnings from the world's most valuable company coming soon, the S&P 500 rose as Nvidia recovered from session lows....