Description
Global equities bounced back on Friday, buoyed by strong earnings reports from leading US banks. The S&P 500 wrapped up the week at a fresh all-time high. Meanwhile, Chinese equities started the week on a mixed note after news on China's fiscal stimulus was light on details. With a plethora of company reports, US retail sales data, and the ECB rate decision on the horizon, this week is shaping up to be particularly eventful. Markus Wachter of our Technical Analysis team explains why equities are poised for a year-end rally and his positive view on gold and silver remains unchanged.
00:00 Introduction by Roman Canziani (Head of Investment Writing)
00:28 Markets wrap-up by Jan Bopp (Investment Writing)
06:19 News from the charts by Markus Wachter (Technical Analysis)
09:38 Closing remarks by Roman Canziani (Head of Investment Writing)
Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.
European equities enjoyed a strong day yesterday, while Wall Street had a moderately positive day, marked by a rotation out of tech stocks and into more cyclical sectors such as financials, industrials and retail. Elsewhere, Gary Gensler announced his resignation as Chairman of the US Securities...
Published 11/22/24
The market’s reaction to Nvidia’s highly anticipated results last night indicates just how high expectations were. The company’s results exceeded analysts’ expectations and it delivered a strong forecast for the current quarter, but the revenue forecast just wasn’t enough for the market and the...
Published 11/21/24