US Markets Wrap

All eyes on Wall Street are turning to the Tuesday meeting between congressional leaders and President Joe Biden, as the American leader echoed a more optimistic view of the ongoing negotiations over the weekend, while House Speaker Kevin McCarthy said significant obstacles still remain. As investors anxiously await progress on a deal to raise the debt ceiling before 1st June, Gregory Branch, Founder & Managing Partner of the Veritas Financial Group weighs in on the latest trader sentiments, a lookahead to retail earnings for the week and likely oil price movements through the summer. Presenter: Sean Cheong This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg) 

Stocks ended the day mixed, while Treasuries rallied.  Investors came off a fourth straight losing session for the Dow Jones Industrial Average which slid more than 200 points. Stocks were weighed down by Disney’s decline a day after it reported poor subscriber numbers. The regional banking sector also saw stress after PacWest Bancorp reported a drop in deposits exacerbated investors’ sentiment. Jay Woods, Chartered Market Technician & Chief Global Strategist at Freedom Capital Markets shares insights on what's changed in the banking sector, whether regulatory action is needed before confidence returns to the sector and his expectations on rate changes in coming days. (00:00) Introduction (01:22) Why markets are trading in a narrow range (02:17) Impact of banks turmoil on wider sentiment, with PacWest the latest in trouble (04:17) Are bank stocks oversold? (05:40) Mismatch between Fed speak & market expectations (07:45) US debt ceiling discussions keeping investors on their toes Producer: Yeo Kai Ting (ykaiting@sph.com.sg) Presenter: Ryan Huang

The Nasdaq Composite closed higher, as investors fled to tech stocks after a tamer-than-expected inflation report. April consumer prices climbed 4.9% from a year ago, lower than the 5 per cent gain anticipated by economists polled by Dow Jones. "A little bit of a wild ride today, but a great close," says Bill Baruch, President of Blue Line Futures who shares his analysis on the latest movements in today's US markets, including what's churning in the energy sector and why investors are flocking to tech stocks. Presenter: Lynlee Foo Producer: Yeo Kai Ting (ykaiting@sph.com.sg)

Stocks closed lower as investors ready themselves for key inflation reports due later this week and progress on the US debt limit. Nadine Terman, CEO & CIO of Solstein Capital shares her analysis on how markets are pricing in on jittery moments as investors wait out for progress on the US debt ceiling debates, where investors should be looking to for safety and what the stock buybacks in the tech space mean for investors. Presenter: Ryan Huang  Producer: Yeo Kai Ting (ykaiting@sph.com.sg)

US equities eked out a small gain on Monday while Treasuries fell as investors weigh out what it would take to finally reverse the Federal Reserve’s path on rates after a survey of loan demand showed signs of credit tightening. Paul Wankmueller, CMT, Director of Business Development at Martin Fund Management shares his technical analysis on a surprising bounce in demand for some loan categories, oil prices decline and outlook on the backdrop of recent OPEC+ surprise cuts, drivers of the gold action, as well as expectations ahead of the US debt ceiling talks. Presenter: Ryan Huang Producer: Yeo Kai Ting (ykaiting@sph.com.sg)

Stocks closed lower for a fourth day running, coming on the back of renewed bank worries, The Dow too, turns negative for the year, pulling back 0.06% year to date, with declines in Boeing, Disney, Goldman Sachs and American Express shares dragging on the Dow. Yussef Gheriani, Director of Investments and Operations at IHT Wealth Management gives a deep dive on ripples shaking the banking sector, how things are shaping up for AI and big tech, as well as spaces to watch out for.  Presenter: Ryan Huang Producer: Yeo Kai Ting (ykaiting@sph.com.sg)

Stocks fell after the Federal Reserve raised rates by 25 basis points, as widely expected. Rates were raised by another quarter-point to a target range of 5% to 5.25%, the highest level since 2007. Kelvin Wong, Senior Market Analyst at OANDA shares his take on the notable movers overnight, the risk of a recession and whether he thinks the banking sector is healthy at this point.

Stocks tumbled overnight on Wall Street as jitters around contagion in the regional banking sector returned ahead of the Federal Reserve’s rate decision.  Mark Newton, Managing Director & Global Head of Technical Strategy at Fundstrat Global Advisors analyses the banking turmoil, VIX index and what the technicals say about the healthcare, tech & banking sectors. Presenter: Ryan Huang Producer: Yeo Kai Ting (ykaiting@sph.com.sg)

Mark Matthews, Managing Director & Head of Research Asia, Julius Baer shares his perspective on whether JPMorgan buying First Republic Bank assets will help to soothe nerves, what to watch out for ahead of FOMC's meeting and an analysis on earnings season so far. Presenter: Ryan Huang Producer: Yeo Kai Ting (ykaiting@sph.com.sg)