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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EQUITIES
- The recent sell-off in equities has largely been confined to the tech sector, there was a rally into the close on Friday, leading to the S&P ex-Magnificent 7 to record highs.
- In contrast the Magnificent 7 was only able to recover 12% from the August 5 sell-off, before trending lower mid August and we now trade 5.65% off those levels.
- Much of the recent move lower has come from Nvidia falling 14.60% since releasing earnings, although the stock now trades flat m/m. While since August 2nd the worst performing stock has been Alphabet which is down about 5.5%.
S&P ex-Magnificent 7 vs Magnificent 7
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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