US Market Aces the Presidents’ Day Short Day
Even with a one‑day cut to trading, the Wall Street index parade marched on—mostly in the good stuff.
Top‑Tens Drop In, Heads By the Bassline
- S&P 500 & Nasdaq Composite stumbled up to fresh intraday peaks.
- The Nasdaq not only hit a record but also chalked up the biggest daily jump in about a year.
NVIDIA Powers the Parade
When the gaming‑chip titan reported a mind‑blowing win—profits that blew past forecasts and an AI‑chip boom that’s worth dreaming about—the whole tech crowd got a boost. U‑adi a fancy graph slide—makes you want to say, “Eh, not so fast.”
Fixed Income Frolics With the Tech Fiesta
- High‑yield bonds were in high demand; sellers were scarce, buyers lined up.
- Bond buyers had a ‘tech‑tide’ mindset: as equity climbs, the debt market chips in too.
Soft Asleep? Oh No, Hard Labor!
- Jobless claims came in lower than the thread—jobs are still tight.
- Manufacturing PMI’s “together” numbers nudged in a surprising direction.
Fed’s Frowny‑Face, Economists’ Cry‑Babe
Governor Christopher Waller reminded us all: keep the rate guns blazing only after inflation keeps its cool pat‑pat.
Europe: The “STOXX” Turn On Over There
- STOXX Europe 600 rocked a record high.
- Tech titans in Brussels, Paris, and Berlin were the fuel behind the rally.
- While France’s CAC 40, Italy’s FTSE MIB & Germany’s DAX had a great run, the UK’s FTSE 100 sputtered a bit. Mining & energy were the weak links.
Bond return giggles cowed as analysts sifted through PMI. The euro‑zone felt a bit more stable—services kick‑off, but some parts still shrink.
Japan’s Nikkei Hits a New High!
Because the Nikkei 225 reached a peak i´m too old to remember. It’s a sweet spot after a steady growth journey and better corporate earnings, despite that tiny devilish streak of downside before the holiday bounce.
- Strong machinery orders & exports look solid.
- Manufacturing PMI didn’t score high, however.
- Bank of Japan’s optimism points toward a possible shift from endless ultra‑loose policy.
China’s Rally with a Lunar New Twist
After a bright Lunar New Year holiday spree, equity vibes spruced up.
- The Shanghai Composite and CSI 300 rose strongly.
- Tourism numbers said “what’s up?” while consumer footprints were still modest.
- People’s Bank of China lowered the 5‑year loan prime rate—just a gentle nudge to the property market.
All in all, market vibes were optimism, tech hype, and policy drills—a picture of resilience, all in the face of worldwide and domestic shuffles.
