A.M. Update
S&P futures have been pretty steady in a sideways consolidation overnight, currently -0.1%. The market awaits the FOMC minutes from...
A.M. Update
Coming back from the Fourth of July holiday weekend, the fireworks are still lingering for the market. S&P futures are...
A.M. Update
S&P futures bounced a little overnight, up +0.5% presently on this quadruple-witching options expiration day. Entering today, the Dow, Nasdaq,...
A.M. Update
As warned last night, sometimes it takes the market a bit longer than a day to digest the Fed. Overnight...
A.M. Update
S&P futures are up +1%. Central bank news is dominating the wires. The ECB is holding an emergency meeting to...
A.M. Update
S&P futures are staging a little dead-cat bounce, up about +0.6%, although up more than 1% earlier. NASDAQ-100 futures are...
A.M. Update
As I mentioned in Fridays’ Afternoon Update, a weak close will almost certainly lead to a weak open this morning,...
A.M. Update
Index futures were trading roughly in-line with fair value ahead of the Consumer Price Index (CPI) report, despite predominantly weak...
A.M. Update
S&P futures have been a roller coaster overnight and this morning. S&P futures traded +0.5% higher into the early pre-market...
A.M. Update
S&P futures are down -0.5%. Pressures include a continued rise in crude oil futures (+1.25% to $120.87), a Q2 profit...
A.M. Update
S&P futures are down -0.9% as growth concerns weigh on futures. This morning’s negative tone is rooted in concerns about...
A.M. Update
S&P futures are up +1.2% this morning. NASDAQ-100 futures are up +1.55%. Tec stocks are doing well this morning. There...
A.M. Update
S&P futures are trading lower by -0.9%. They were already off on a weak note before the Payrolls report, down...
A.M. Update
S&P futures are up +0.6%, just above $4k. Some helpful catalysts include a view that the Fed may not be...
A.M. Update
U.S. economic data and earnings got so bad yesterday that Fed rate hike expectations came down. This afternoon at 2...
A.M. Update
S&P futures are down -0.9%, but this is well off the overnight lows and as I suspected last night, it...
A.M. Update
Good morning. We got a solid close on Friday after a second leg of a bear flag’s measured move fell...
A.M. Update
S&P futures are up +0.8%. Risk sentiment has been aided by a strong showing in foreign markets, including Chinese markets...
A.M. Update Addendum
Sorry, I forgot to include Bitcoin futures in the A.M. Update since they have been a decent proxy for risk...
A.M. Update
Not surprisingly after yesterday’s very ugly day in U.S. markets, overseas markets trade mostly lower. Also not surprising with overseas...