US Markets Wrap

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

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)