US Markets Wrap

Eric Beiley, Executive Managing Director at The Beiley Group of Steward Partners Global Advisory weighs in on how markets are pricing in on the upcoming vote on the US debt ceiling, the upcoming FOMC meeting, sentiments behind the recent tech rally and stocks that are looking attractive right now. Eric Beiley is Forbes Best-In-State Wealth Advisor (2019 - 2023) and Top 400 Financial Advisor for 2020 by the Financial Times. Presented by: Ryan Huang This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg)  Highlights: (00:00) Intro (01:14) How markets are pricing in on upcoming vote on US debt ceiling (02:08) Level of optimism on US debt ceiling deal (02:42) Weight of upcoming FOMC meeting in June (03:45) Business momentum coming on the back of earnings (04:48) How much momentum is there behind the recent tech rally? (05:44) What's looking attractive in the stock markets right now? (06:29) Consumer space - dividend aristocrats (07:03) Is it too late to jump onto the tech bandwagon?

Kristina Hooper, Chief Global Market Strategist at Invesco shares her perspective on the latest market reactions as Biden and McCarthy appear near to deal on US debt ceiling as default looms, the seeming disconnect between what the Fed is projecting versus what the market is expecting, an outlook on how China's scaled-back growth is weighing on the markets, and whether AI has been overbought. Presented by: Ryan Huang This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg) 

Brian Shannon, Chartered Market Technician & Owner of Alphatrends shares a analysis of the latest price action from the markets coming on the back of a spike in Nvidia shares in extended trading after a huge forecast beat driven by AI chip demand, what the technicals are signalling and where investors are likely to look in the coming days. Presented by: Sean Cheong This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg) 

Matt Maley, Chief Market Strategist at Miller Tabak shares his perspective on whether the banking turmoil is gradually easing, if an expected consumer spending deterioration is on the cards especially as core inflation remains hot, and whether the recent NASDAQ outperformance was an anomaly. Presented by: Sean Cheong This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg) 

Dave Sekera, Chief US Market Strategist at Morningstar Research Services gives a deep-dive on how markets are pricing out as Washington nears the June 1 deadline set by US Treasury Secretary Janet Yellen, as well as an analysis on the tech and oil sectors.  Presented by: Sean Cheong This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg) 

Ian McMillan, Market Technician at Client First Tax and Wealth Advisors weighs in on how a Debt Ceiling Deal might move markets as major averages ended a second consecutive positive session, expectations on consumer patterns and whether he is anticipating a Fed rate cut at the upcoming FOMC meeting. Presented by: Ryan Huang This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg) 

US stocks rose as investors hold on to hope that President Joe Biden and congress leaders will come to a deal on the US debt ceiling to avoid a catastrophic default. Rainer Michael Preiss, Partner & Portfolio Strategist at Das Family Office, a Singapore-registered independent asset management company with global investment expertise, weighs in on whether he thinks markets will rally should a last-minute deal on the US debt ceiling is struck, sectorial opportunities and risks that he is looking out for at the moment.  Presented by: Ryan Huang This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg) 

Concerns over the potential of a default weighed on investors' mind in Tuesday's regular session. US President Joe Biden is also cutting short his visit to Asia as the push to strike a deal to raise the nation's borrowing limit grows more urgent. Laila Pence, President & Co-Founder of Pence Wealth Management shares her analysis of the threat of an economic nightmare and recommendations on where investors can look to put their money. Presenter: Ryan Huang This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg) 

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