Market Update December 30, 2022 By Daniel Ang
Hello Traders and welcome to the daily market update for Friday, December 30th, 2022. It was a great day for U.S. stocks, as all three major indices closed sharply higher in a broad-based rally. The Dow Jones Industrial Average rose 1.05% to 33,220.8 points, the S&P 500 gained 1.75% to reach 3,849.28 points, and the […]
Market Update December 29, 2022 By Daniel Ang
Market activity was influenced by a variety of factors, including investor sentiment, economic data, and the performance of individual companies and assets. As the year comes to a close, traders and investors will be closely watching for any further developments that could impact market performance in the coming year.
Market Update December 28, 2022 By Daniel Ang
On Wednesday, December 28, 2022, the stock market saw mixed results as the S&P 500 and the Nasdaq closed lower, while the Dow Jones Industrial Average rose. The decline in the S&P 500 and the Nasdaq was due in part to the poor performance of Tesla, whose shares plummeted 11% after announcing a temporary halt […]
Weekly Market Wrap with Daniel Ang | December 25, 2022
Join us for a webinar with Daniel Ang as he discusses the current state of the oil market and the impact of the war in Ukraine on global economics. He will also be discussing the risk of stagflation in 2023 and its potential impact on the stock market. Additionally, he will be exploring the forecasted […]
Why Tech Layoffs Don’t Reflect the Job Market
The tech sector has made headlines in recent months for announcing significant layoffs, including cuts from major companies like Amazon, Twitter, DoorDash, Carvana, and Netflix. At first glance, these layoffs seem at odds with the strong job market and low unemployment rate in the US. However, upon closer examination, there are a few factors that […]
GBP/USD teases bears around 1.2250 ahead of UK inflation, Fed Chair Powell’s testimony
👉 GBP/USD snaps two-day uptrend, flirts with intraday low at the latest. 👉 Brexit pessimism joins UK’s political chaos to portray downbeat conditions at home. 👉 BOE’s failure to impress bulls highlights UK CPI amid hopes of faster/heavier rate hikes. 👉 Powell needs to justify the biggest rate increase since 1994 and signal Fed’s aggression […]