So much for Thanksgiving being an uneventful week for the markets as the last few days defied conventional thinking. Most markets came roaring back, ignoring the fact that US investors were AWOL – busy gorging on turkey. Stocks The most notable advance occurred in the US equity markets. All three major averages reclaimed their 50-day […]
Massimo Grifone, director of Cauvin Metals, will be the featured speaker on the next Aluminum Market Update Community Chat on Thursday, Dec. 4. The live webinar is free for anyone to attend.
For a third week in a row, there was intense volatility in the US equity markets that spilled over into metals, bitcoin, and energy. Bitcoin is now trading at a seven-month low while some of the other cryptocurrencies have rolled back pretty much their entire yearly advance in just the last three weeks. A stronger dollar – now at a six-month high – contributed to the general selling.
Edward Meir will be the featured speaker on an AMU and SMU Community Chat on Thursday, Nov. 20, at 11 am ET to discuss the latest market developments and to share his unique insights.
It was another volatile week in the markets as wild gyrations in US equities rocked the commodity space as well. By week's end, both complexes went their separate ways. Stocks closed mixed, while commodities ended lower based on a general index that we follow.
Aluminum finished down by 1.25%. But there is no easing in physical premiums, which continue to climb in both the US and Europe.
Join AMU for a special webinar with Shapiro Metals CEO Bruce Shapiro on Thursday, Nov. 6, at 11 am ET. The live webinar will be free for all to attend. A recording will be available only to AMU and SMU subscribers. You can register here. Shapiro Metals started in 1904 with Bruce’s grandfather, who worked as a “junk peddler.” […]
Bullish sentiment remained in place in US equity markets this past week as a de-escalation in US-China trade tensions and strong earnings reports from several "Mag-7" names offset the rather hawkish remarks on interest rates made by Fed Chair Jerome Powell on Wednesday. For the week, the NASDAQ Composite gained 2.2%, while the S&P 500 and the Dow each were up by about .7% in what has been an incredible run.
We’re excited to announce that Edward Meir, a highly regarded commodities analyst, will be contributing to Aluminum Market Update (AMU) beginning in November.
Join AMU and SMU for a special webinar with Shapiro Metals CEO Bruce Shapiro on Thursday, Nov. 6, at 11 am ET. The webinar will be free to attend. A recording will be available only to AMU and SMU subscribers.