Bulls vs. Bears

In a week where rising bond yields de-railed the equities rally, Nvidia did its best to single handedly hold up the market.

In a week where rising bond yields de-railed the equities rally, Nvidia did its best to single handedly hold up the market.

Incitec Pivot faces $148M loss; Aristocrat reports strong growth; GrainCorp stabilizes operations. Copper Warrants (ZHGKOB) highlighted as trade of the week amid supply shortages and record prices.

The investor sentiment pattern, in the US equity market in particular, is of extreme selective hearing with any weakness in the economy cheered because it will trigger rate cuts, while any strength in the economy is cheered as “proof” of a soft landing.

The U.S. earnings season continues to unfold with notable performances and surprises. This week, several key companies reported significant shifts in their business dynamics, reflecting broader economic pressures and opportunities. Stagflation concerns persist as U.S. growth decelerates while inflation pressures mount, challenging central banks and impacting global market sentiments.

Things were looking grim mid-week with Meta dropping 16% and the broader market down over 2%
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Fed speakers were especially hawkish this week, triggering a sell-off in equites. While copper saw 2-year highs on a potential structural shortage

Silver shines with an 8% gain in March, signaling potential outperformance over gold, bolstered by demand in tech and green energy sectors.

Silver shines with an 8% gain in March, signaling potential outperformance over gold, bolstered by demand in tech and green energy sectors.

Investors shrugged off high inflation data, fueling a tech stock rally. Federal Reserve Chair Jerome Powell maintained a consistent stance on inflation, with plans for three rate cuts in 2024 and a cautious approach to balance sheet reduction.

Investors shrugged off high inflation data, fueling a tech stock rally. Federal Reserve Chair Jerome Powell maintained a consistent stance on inflation, with plans for three rate cuts in 2024 and a cautious approach to balance sheet reduction.

This week’s episode of “Bulls vs Bears” Investors get selective hearing on rates, ignoring hot inflation numbers as tech continued to be buoyant
Copper races to 11 month highs, Bitcoin scales new peak and the heat comes out of Uranium