Horizon Wealth Management

2024/12/23

Markets in 2024: Wall Street's high-octane rally keeps investors captive to the US

U.S. stocks heading for their second annual gain exceeding 20% Markets exposed to shocks on U.S. rate path, Trump policies European stocks tipped for 2025 rebound, gold shines Bonds set for another challenging year despite rate cuts

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2024/12/22

Oil prices fall on demand concerns, strong dollar

BEIJING, Dec 20 (Reuters) - (This December 19 story has been corrected to remove the reference to China's imports peaking as soon as 2025 in paragraph 3) Oil prices fell in early trading on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 2%. Brent crude futures fell by 31 cents, or 0.43%, to $72.57 a barrel by 0139 GMT. U.S. West Texas Intermediate crude futures fell 26 cents, or 0.26%, to $69.12 per barrel.

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2024/12/22

Wall St Week Ahead Investors hope for 'Santa Claus' rally as stocks lose steam

Benchmark 10-year Treasury yields at highest level in over 6 months 8 of the 11 S&P 500 sectors in negative territory in December S&P 500 trading on forward earnings estimates well above historical average

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2024/12/20

US stocks end sharply higher, dollar drops after inflation report

U.S. stocks turn higher after PCE report Lawmakers work to avoid partial government shutdown Gold rallies, dollar softens U.S. stock indexes on track for weekly losses

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2024/12/20

Gold climbs after soft US inflation data; still set for weekly loss

Gold down 0.9% so far this week U.S. PCE data shows monthly inflation slowed in November

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2024/12/19

Stocks end flat after Fed-induced selloff as early bounce fades

Micron, Lennar fall after results Banks firm as U.S. bond yields rise Q3 GDP revised higher Dow up 0.04%, S&P down 0.09%, Nasdaq off 0.10%

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2024/12/18

Brazil's real hits record low as markets eye govt spending

Brazil's real posts largest daily decline since November 2022 Brazilian markets hit by strong US dollar after Fed cuts rates but signals caution

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2024/12/17

Stocks fall, Dow drops for 9th straight session with Fed decision due

November retail sales stronger than expected Pfizer up after in-line 2025 profit forecast Dow on pace for ninth straight day in the red Indexes off: Dow 0.61%, S&P 500 0.39%, Nasdaq 0.32%

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2024/12/16

EM has no easy escape from dollar squeeze

ORLANDO, Florida, Dec 13 (Reuters) - A strong U.S. dollar and high Treasury yields are posing significant challenges for emerging economies, and policymakers have no easy way to counter this powerful one-two punch. With American exceptionalism casting a shadow over the rest of the world, many emerging markets (EM) are facing weaker currencies, increased costs to service dollar-denominated debt, depressed capital flows or even capital flight, dampened local asset prices and slowing growth.

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2024/12/13

Wall St Week Ahead Fed rate view in focus as robust stocks year draws to close

Fed widely expected to cut rates by 25 bps on Wednesday Some investors brace for "hawkish cut," with Fed suggesting pause in easing cycle S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone

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2024/12/12

Global cenbank liquidity - from market headwind to tailwind?

ORLANDO, Florida, Dec 12 (Reuters) - One of the many curiosities of 2024 has been how global stocks have surged so strongly even as central banks have drained liquidity from the system. The question for markets is, if draining liquidity wasn't much of a headwind this year, will its likely reversal next year turn into a tailwind?

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2024/12/11

Stocks cheered Trump's victory, but tariffs bring unknowns to 2025

Barclays: Tariffs may cut S&P 500 earnings by 2.8%, hit materials, consumer sectors Tariffs also could increase inflation measures in 2025, analysts estimate Investors recall 2018 trade war impacts, defensive stocks outperformed, tech underperformed

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2024/12/09

FX markets brace for G10 policy blitz: McGeever

ORLANDO, Florida, Dec 9 (Reuters) - An extraordinary year for investors is poised to end with a monetary policy bang, with almost every G10 central bank scheduled to deliver interest rate decisions over a 10-day period this month. Four of the G10 central banks meet this week and five, including the Federal Reserve, meet next week. Remarkably, four of those - Bank of Japan, Bank of England, Riksbank and Norges Bank - will deliver their policy verdicts on the same day, Thursday December 19.

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2024/12/09

Global, US stocks fall; oil, gold rise over 1% on geopolitical risk

Oil, gold prices gain South Korea stocks skid; Wall St down ECB, SNB and BoC all seen cutting rates this week

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2024/12/09

Morning Bid: Markets keep calm as Syria falls in a rush

A look at the day ahead in European and global markets from Wayne Cole If you are wondering how markets have reacted to the stunning fall of President Bashar al-Assad in Syria, the answer is calmly. Gold and oil prices are up around 0.4%, but that's a modest move for such a rapid turn of events and there are no signs of a rush to safety. Maybe there's just too much going on in the Middle East for traders to know how to react.

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2024/12/06

S&P 500, Nasdaq hit record closing highs; Lululemon gains, data supports rate cut view

November nonfarm payrolls above estimates at 227,000 Ulta Beauty gains after raising annual profit forecast Lululemon Athletica up following upbeat annual forecast Indexes: Dow down 0.3%, S&P 500 up 0.3%, Nasdaq up 0.8%

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2024/12/06

Oil prices fall on supply glut fears despite OPEC+ output cut extension

Brent and WTI both down more than 1%, post weekly loss Even with OPEC+ restraint, analysts see oversupply in 2025 US drillers add oil and gas rigs for first time in 8 weeks US job growth rebounds in November; unemployment rate rises

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2024/12/06

Wall St Week Ahead Inflation report poses test for stocks rally as Fed meeting looms

Wednesday data expected to show 2.7% annual rise in CPI S&P 500 up more than 27% so far in 2024 Fed rate cut expected at meeting in wake of jobs report

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2024/12/06

Cash draws biggest weekly inflow since March 2023, BofA says

LONDON, Dec 6 (Reuters) - Investors ploughed $136.4 billion into cash in the week to Wednesday, the biggest weekly inflow since March 2023, when markets were rattled by a regional banking crisis, according to a report from Bank of America on Friday. They also snapped up $8.2 billion of stocks and $4.9 billion of bonds, but sold $0.4 billion of gold, Bank of America said, citing data from EPFR.

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2024/12/05

Wall Street stocks, bitcoin take breath from record highs ahead of US jobs data

Bitcoin crosses $100,000 but pulls back slightly World stocks hold near record highs French government collapses, euro holds up Dollar dips, Treasury yields steady

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