US Markets Wrap

José Torres, Senior Economist, Interactive Brokers, analyses the unexpected fall in private payrolls numbers for November and the consequential impacts for risk assets and Fed rate cuts; the factors driving the divergence between small-business job cuts and hiring at mid-size and large firms; whether there's any weight to Big Short investor Michael Burry's comments about the AI market bubble unwinding within the next two yea...

Stocks stumbled as December opened, with a sharp drop in Bitcoin dragging risk sentiment lower. 
Christine Short, Vice President of Research, Wall Street Horizon discusses what this bout of volatility really means. We explore whether the pullback marks a brief pause in the broader bull run or hints at deeper pressure on growth assets, why rising yields are clashing with expectations for Fed rate cuts, and how weakening...

As markets eye a potential year-end grind higher, driven by rising confidence in coming rate cuts, Shane Oliver, Chief Economist & Head of Investment Strategy, AMP Capital unpacks what this shifting macro backdrop really means for investors. The conversation dives into the rotation toward healthcare and consumer names and why these sectors are seeing renewed attention as growth broadens out. We also tackle the big question...

Phan Vee Leung, CIO of TrackRecord unpacks the market’s fourth straight day of gains as the Dow, S&P 500 and Nasdaq all push higher ahead of the Thanksgiving break. Tech once again steals the spotlight, with Oracle rallying on renewed bullish conviction, Nvidia rebounding from its recent dip, and Microsoft extending its climb - fueling a broader narrative around AI-driven market strength. He also explores the steady ...

Stocks surged Monday, led by tech giants like Alphabet, as markets recovered from a shaky start to November. The Nasdaq posted its biggest gain since May, fueled by renewed optimism in AI, from Google’s Gemini 3 upgrade to strong moves in Broadcom, Micron, AMD, and Palantir. Ryan Detrick, Chief Market Strategist at Carson Group, breaks down whether this rally signals renewed conviction in the AI trade or is simply a relief bo...

Stocks fell on Thursday after a market-wide rally fizzled, with Nvidia’s early gains reversing and investor hopes for a December Fed rate cut fading. The Dow dropped 387 points, the S&P 500 shed 1.6%, and the Nasdaq fell 2.2%, despite a midday surge. Frank Cappelleri, Founder and President, CappThesis discusses Nvidia’s surprising reversal, the ripple effects on the broader market,...

Tech stocks regain momentum ahead of Nvidia’s report card (and climb higher on its earnings beat after hours) and Alphabet hits fresh highs with its Gemini 3 launch. Dilin Wu, Research Strategist, Pepperstone explains why the AI rally differs from the dot-com era, and whether investors should wait before buying dips. We also look at gold holding near the 4,000 level as shifting Fed expectations weigh on sentiment, and we revi...

Wall Street’s hottest trades are cooling. Stocks fell again as AI-linked names continued to retreat, bitcoin flashed weaker risk appetite, and a Cloudflare outage reminded investors how vulnerable the digital ecosystem can be. Investors are now questioning whether the AI momentum trade is losing steam. Steve Sosnick, Chief Strategist, Interactive Brokers discusses whether this is a temporary pullback or an early shift in...

Markets are recalibrating after a soft session on Wall Street, with the Dow falling more than 500 points and AI stocks showing renewed volatility. With investors now leaning into the idea of a Fed pause, attention is turning to opportunities beyond mega-cap tech, from healthcare to energy to financials, and a potentially brighter setup for 2026.

Dan Koh speaks with Mark Giambrone, Head of US Equities and Portfolio Manager and Analy...

Stocks tumbled sharply on Thursday, with all major U.S. indices logging their worst session since early October as renewed worries over interest rates and lofty tech valuations wiped out recent gains. George Schultze, Founder and Managing Member at Schultze Asset Management, breaks down the turn in market mood. We explore why economic growth remains resilien...

With the Dow closing above 48,000 for the first time and investors bracing for the U.S. government to finally reopen, markets are preparing for a flood of long-delayed economic data. Damian McIntyre, Head of Multi-Asset Solutions at Federated Hermes, breaks down how his team is positioning portfolios amid the uncertainty. We explore whether the market nar...

Wall Street closed with a split performance as the Dow Jones surged to a new record, powered by healthcare heavyweights like Merck, Amgen, and Johnson & Johnson,  while the Nasdaq slipped amid renewed pressure on AI-linked names. Meanwhile, new ADP data hinted at a cooling labor market, adding another layer of complexity for investors. With Washington inching closer to ending the historic government shutdown, we break down...

After 40 days of gridlock, the U.S. Senate has advanced a funding bill that could finally reopen the government, and Wall Street is cheering. The Nasdaq 100 jumped 2 percent while Treasury yields edged higher, signaling relief after a selloff. Meanwhile, Warren Buffett’s farewell letter struck a tone of patience, with Berkshire Hathaway sitting on more than US $300 billion in cash.

Dan Koh speaks with Fabien Yip, Market Analy...

U.S. equities bounced back midweek as investors cheered signs that the Supreme Court may be open to reining in former President Trump’s sweeping tariffs. Hopes of a rollback boosted trade-exposed sectors while chipmakers like AMD led a rebound in the AI complex after a bout of valuation jitters. However, with the government shutdown now the longest in U.S. history and key federal programs grinding to a halt, the question...

Markets took a sharp turn lower on Tuesday, with AI heavyweights such as Palantir and Nvidia dragging the broader indices down. The S&P 500 slipped 1.2%, the Nasdaq tumbled 2%, and even gold and crypto were not spared in the risk-off move. With investors increasingly worried about stretched valuations in market leaders and headlines of Michael Burry shorting Nvidia, are we seeing the first cracks in the bull market’s AI-l...

Wall Street’s latest rally is being powered by another AI mega-deal, OpenAI’s US $38 billion partnership with Amazon Web Services. That’s pushing the Nasdaq higher even as most sectors finished lower. But beneath the AI excitement, U.S. manufacturing remains in contraction, Treasury yields are pushing past 4 percent, and the dollar’s firming again.

Dan Koh speaks with José Torres, Senior Economist at ...

U.S. markets pulled back as investors digested a mixed bag of Big Tech earnings and a cautious tone from the Fed. While Alphabet impressed, Meta and Microsoft stumbled, sparking a rotation out of AI and into banks and healthcare. Portfolio Manager Daniel Tan from Grasshopper Asset Management unpacks the tech pull back, the Trump–Xi summit’s trade signals, and what it all means for markets heading into year-end.

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