Bay One Equity

20/09/2021

A quarterly event known as “quadruple witching” or “triple witching” refer to the the expiration for stock options, index options, stock futures and index futures which can cause high trading volume in equity market. The three major U.S. stock indexes are in the red for September. After seven straight months of gains for the S&P 500 and a near 20% rally to records this year.

The Dow Jones Industrial Average climbed back from intraday lows, but closed down Thursday ahead of a seasonally weak period of trading in September.

06/09/2021

U.S. stock indexes ended mixed Friday, with the Nasdaq booking its 35th record close of 2021, with Apple stock Hits All-Time High as Market Cap Tops $2.4 Trillion, Alphabet stock reached $1.9 Trillion of Market Cap, but the other two main bourses closing lower.
Besides, stock market is closed for 2021's Labor Day, which falls on Monday, Sept. 6, this year.

U.S. stock indexes ended mixed Friday, with the Nasdaq booking its 35th record close of 2021, but the other two main bourses closing lower, heading into a...

31/08/2021

May this Independence Day bring fortune and success for each and every one of us. Happy Hari Merdeka Malaysia Independence Day 2021.


https://decondesigns.com/malaysias-independence-day-selamat-hari-merdeka/

23/08/2021

Major averages were coming off a losing week as investors grew worried that the Fed’s potential move to pull back monetary stimulus could slow down the economic recovery. The Dow fell 1.1% last week, while the S&P 500 declined nearly 0.6%, breaking a two-week winning streak. The tech-heavy Nasdaq dipped 0.7% during the week.

Stock futures were flat in overnight trading on Sunday after volatile week on Wall Street as investors eye a key event where the Federal Reserve could hint at prospects for tapering stimulus. Besides, Bitcoin topped the closely watched $50,000 level again in an ongoing recovery in the cryptocurrency market.

Major averages were coming off a losing week as investors grew worried that the Fed's potential move to taper stimulus could slow down the economic recovery.

05/08/2021

Robinhood is an investing-focused consumer fintech company. Last Thursday, Robinhood went public at $38 per share which was then falls in its public market debut, closes at $34.82. However, the share soared in this week especially on Wednesday, extending a wild rally in the newly public stock trading app’s stock. The stock closed up 50.4% at $70.39 per share, bringing its weekly gain to more than 100%.

In addition, US Treasury department says it may cut back on issuance in November amid easing borrowing needs. FOMC shrugged off fears about the economic impact of rising pandemic cases and maintained the course Wednesday by keeping interest rates between zero and 0.25% through 2023.

Cathie Wood purchased 89,622 shares of HOOD on Tuesday in ARK Fintech Innovation ETF, a position worth roughly $4.2 million.

20/07/2021

U.S. stocks rebounded Tuesday after a dramatic selloff Monday highlighted worries that the spread of Covid-19 variants would set back the economic recovery.

The Dow Jones Industrial Average rose 475 points, or 1.4%, after falling more than 700 points Monday in its worst session since October. The S&P 500 gained 0.9%, while the tech-heavy Nasdaq Composite added 0.3%.

Stocks climbed, a day after markets were rattled on concerns that the spread of Covid-19 variants would set back the economic recovery. Bond yields and oil prices continued falling.

14/07/2021

U.S. stocks closed down and bond yields jumped after the government posted a higher-than-expected inflation number Tuesday. Dow Jones dropped 107.39 points, closed at 34888.79, while S&P 500 and Nasdaq dropped 0.35% and 0.38% respectively.
However, big tech companies all hit new high amid the uncertainty sentiment.

The rising stock prices suggest that investors are more excited about the companies' potential second-quarter financial performance than they are about regulators, prosecutors, and legislators.

07/07/2021

While global stocks remain near all-time highs, inflationary pressures, reduced central bank stimulus and the spread of the Covid-19 delta strain are potential risks. Traders are looking ahead to the Federal Reserve minutes Wednesday for more clues.

Besides, Amazon.com Inc. shares rose 4.7% after the Pentagon announced it was canceling a cloud-computing contract with rival Microsoft Corp, Jeff Bezos hits his wealth record of $211 billion.

https://www.bloomberg.com/news/articles/2021-07-06/asian-stocks-to-fall-as-growth-concerns-spur-bonds-markets-wrap

Most Asian stocks fell Wednesday and Treasuries held an advance on concerns about the economic recovery from the pandemic, virus variants and China’s scrutiny of the technology sector.

17/06/2021

Updated economic projections released by the Fed show that officials dialed up their inflation expectations for the year, raising the headline forecast to 3.4% for 2021.
Besides, forecasts show that a majority of officials are anticipating at least two rate hikes in 2023, sooner than they anticipated in March.
Under the pressure of potential increase of interest rate and rising inflation, Dow jones dropped 0.8%, Nasdaq -0.24%, S&P 500, - 0.54% as yesterday market closed.

Federal Reserve Chairman Jerome Powell maintained that a recent surge in consumer prices is likely transitory – but warned the increase may ultimately be “higher and more persistent” than expected.

14/06/2021

The Fed meeting on this coming Wed could still proof a pivotal point for stocks and bonds market. The meeting comes against the backdrop of growing evidence of pricing pressures building in the economy as it recovers from the COVID pandemic. Most of the marketer expect the Fed will keep its foot on the accommodative pedal next week, which won’t change until inflation is no longer transitory and the economy is back to full employment.

Meanwhile, May the festive occasion of Dragon Boat Festival bring along lots of happiness and success for you and your dear ones.

Transitory, or not transitory? Therein lies the question that the Federal Reserve needs to answer on Wednesday, at the conclusion of the FOMC's two-day...

31/05/2021

Malaysia
Total Case Active : 78,017 ;Total Death : 2729
Announcement of Total nationwide lockdown for all social and economic sectors from next Tuesday (June 1) to June 14.
Only 12 essential economic sectors and services will be allowed to operate during the total lockdown including;

 Food & Beverage
 E-commerce & Information Technology
 Water & Energy
 Logistics
 Banking, Insurance & Capital Market
 Critical construction, Maintenance & repairs
 Transportation (Land, Water, Air)
 Production , distillation, storage, supply, distribution of fuels & lubricants
 Community credit
 Forestry Services
 Solid Waste Management, Public Cleaning & Sewerage  Security & safety, defense, emergency, welfare, humanitarian assistance

KUALA LUMPUR (May 30): The government has announced that all economic and social activities will not be allowed, except for a list of economic sectors and services that will be allowed to operate during the total lockdown under Movement Control Order 3.0 (MCO 3.0) effective June 1 until June 14, 202...

27/05/2021

Stocks closed slightly higher as investors grew more comfortable that the Federal Reserve.
The S&P 500 rose 0.2%, to 4195.99, Nasdaq Composite climbed 0.6% to 13738.00, the Dow jumped around 0.1%, to 34323.05 as the broad market index posted modest gains after declining Tuesday.
https://www.wsj.com/articles/global-stock-markets-dow-update-05-26-2021-11622014706
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