by Jibran Munaf | October 23, 2024 | Market Analysis & Commentary, Markets
As Election Day nears on November 5, 2024, Donald Trump’s company, Trump Technology and Media Group (DJT), has become a proxy for betting on the presidential race. If Trump wins, DJT is expected to grow into a central hub for the president’s activities via...
by Jibran Munaf | October 22, 2024 | Markets
Citigroup strategists have flagged rising exposure to the S&P 500 (^GSPC), noting that current levels have historically preceded a 10% market decline. According to a note from Chris Montagu’s team, long positions in futures tied to the benchmark index are at...
by Jibran Munaf | October 22, 2024 | Commodities
Gold prices surged, nearing a record high, driven by heightened demand for safe-haven assets amid escalating geopolitical risks and the upcoming US presidential election. Investors are seeking shelter in gold as global uncertainty grows, with the precious metal...
by Jibran Munaf | October 22, 2024 | Stocks & Bonds
Short selling activity in Hong Kong has dropped to its lowest level in over three years, driven by a surge in the stock market following a wave of stimulus measures from China. Data from the Hong Kong Stock Exchange shows that short positions accounted for just 9.7%...
by Jibran Munaf | October 22, 2024 | Commodities, Energy
Oil prices slipped on Tuesday, reversing some of the previous day’s 2% gains, as the U.S. ramped up efforts to broker a ceasefire in the Middle East. Simultaneously, concerns about sluggish demand from China, the world’s largest oil importer, continued to...
by Jibran Munaf | October 22, 2024 | Markets, Stocks & Bonds
Asian stocks took a downturn, and the dollar remained near multi-month highs on Tuesday, as investors reacted to a sharp sell-off in bonds and a surge in gold prices ahead of the U.S. election. Benchmark 10-year Treasury yields rose by 11 basis points overnight, with...
