Market Turmoil: Analyzing the Decline of the Russell 2000 Index
By Samir Al Khoury, Most major US stock indices closed with losses yesterday. On the other hand, the VIX Fear and Volatility Index, which expresses investors’ expectations for price movement in the stock market, rose to 19.56 points yesterday, which is its highest level since October 31, 2023, which indicates investors’ turmoil and discomfort in […]
Transforming the relationship between gold and the dollar from negative to positive
By Samir Al Khoury, It seems that the correlation factor between gold and the US dollar has become somewhat positive recently, completely contrary to what we are used to, as we have always witnessed an inverse relationship between them. We are currently witnessing clearly the strength of these two assets due to several factors, some […]
Weekly Market Analysis
By Samir Al Khoury The most important events of the past week United States of America The headline consumer price index rose year-on-year, recording 3.5%, which exceeded expectations (3.4%) and the previous reading (3.2%). The core consumer price index (which excludes food and energy) recorded on an annual basis 3.8%, which was higher than expectations […]
Apple Shares Surge on AI Optimism
By Camilo Botia, Apple shares experienced a significant boost on Thursday, climbing 4.3% to $174.99. This marks the company’s best single-day performance since May 5, 2023. The surge aligns with a broader rally in technology stocks, particularly those focused on artificial intelligence (AI). The tech-heavy Nasdaq Composite saw an increase of 1.77%. Despite a year-to-date […]
Inflation Fears Resurface, Stocks Slide as Markets Recalibrate on Fed Bets
By Camilo Botia, Wall Street experienced a sharp downturn after hotter-than-expected inflation data and renewed geopolitical tensions sent investors scrambling. The persistent rise in prices dashed expectations of near-term interest rate cuts by the Federal Reserve, sparking concern the central bank will maintain a hawkish stance well into 2024. The S&P 500 extended its April […]
Bitcoin’s Halving: Does It Really Drive Price?
By Camilo Botia, As Bitcoin’s value climbs to new heights, the spotlight is on the upcoming “halving” event and its potential influence on its price trajectory. For some, halving is pivotal in reinforcing Bitcoin’s value proposition as an increasingly scarce asset. Others dismiss it as mere technical jargon hyped up by speculators to drive prices. […]
Oil Prices Slip As Israel-Hamas Ceasefire Talks Progress
By Camilo Botia Oil prices declined on Monday, pausing a multi-session rally fueled by the Israel-Gaza conflict. The easing geopolitical tensions stemmed from Israel’s troop reduction in southern Gaza and the initiation of renewed ceasefire negotiations with Hamas. Brent crude futures dropped 0.9% to $90.84 a barrel, while U.S. West Texas Intermediate crude fell 0.6% […]
Weekly Market Analysis
By Samir Al Khoury, The most important events of the past week United States of America The Manufacturing Purchasing Managers’ Index declined, recording a growth of 51.9 points, which is lower than expectations (52.5) and the previous reading (52.2). The construction spending index declined on a monthly basis, recording a contraction of 0.3%, which is […]
Unraveling the Causes Behind Recent US Stock Declines
By Samir Al Khoury, The major US stock indices, the Standard & Poor’s 500, the Dow Jones, the Nasdaq 100, and the Russell 2000, closed with losses yesterday. On the other hand, the VIX Fear and Volatility Index, which expresses investors’ expectations regarding price movement in the stock market, rose to 16.92 points yesterday, which […]
Inflationary Challenges Weigh on the Turkish Lira’s Struggle
By Samir Al Khoury Despite the Turkish Central Bank’s persistent efforts to curb inflation through successive interest rate hikes, the latest being a surprising 500 basis point increase during its March 21, 2024, meeting, elevating the interest rate from 45% to 50%, the annual Consumer Price Index (CPI) remains alarmingly high. As of yesterday, the […]
