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Category: A.M. Update

A.M. Update

11Oct

S&P futures are little changed (-0.05%). Nasda1-100 are down -0.3%. Tesla (TSLA -6.65%) is sharply lower ahead of the open...

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BrandtA.M. Update

A.M. Update – Initial Jobless Claims Surge; CPI Hotter Than Expected

10Oct

S&P futures are down -0.3%. Weekly initial jobless claims surged higher to 258,000 (consensus 229,000) and last week’s total was...

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BrandtA.M. Update

A.M. Update

08Oct

S&P futures are up +0.4%. Treasury yields are providing some support to equity futures. The 2-yr yield is down two basis...

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BrandtA.M. Update

A.M. Update – Payrolls Beats Even Wall Street’s Highest Estimate

04Oct

Payrolls does it again with a massive beat of consensus. Nonfarm payrolls increased by 254,000 in September (consensus 150,000) following...

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BrandtA.M. Update

A.M. Update

03Oct

S&P futures are down -0.3%. Friday’s release of the September Employment Situation report looms large, as well as worries around...

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BrandtA.M. Update

A.M. Update

02Oct

S&P futures are down -0.1%. The potential for further escalation in the Middle East is still impacting the market after...

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BrandtA.M. Update

A.M. Update

01Oct

S&P futures are down just shy of -0.1%. Overnight news focused on Israel’s “targeted” ground raids into Lebanon. Also, members...

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BrandtA.M. Update

A.M. Update

30Sep

S&P futures are down -0.25%, which is in stark contrast to the 8.1% stimulus-driven, fear-of-missing-out rally in China’s Shanghai Composite....

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BrandtA.M. Update

A.M. Update – Stimulus Bonanza

26Sep

S&P futures are up +0.8%. For the third day of China stimulus in  a row, China goes all in.  China’s...

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BrandtA.M. Update

A.M. Update

25Sep

S&P futures are effectively flat. The PBOC was back at it last night, announcing a 30 basis points cut to...

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BrandtA.M. Update

A.M. Update

24Sep

S&P futures are up less than 0.1%. They did it. China announced stronger than expected, massive stimulus measures. This, of...

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BrandtA.M. Update

A.M. Update – Soft European Data

23Sep

S&P futures are up  +0.25%. Soft Manufacturing and Services PMIs from the eurozone boosted speculation about an October rate cut...

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BrandtA.M. Update

A.M. Update

20Sep

S&P futures are down -0.1%. Pre-open losses in some mega cap names have contributed to the early downside bias, along...

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BrandtA.M. Update

A.M. Update

19Sep

What a difference an overnight session makes. S&P futures are up +1.7%. Of course the early upside bias stems from...

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BrandtA.M. Update

A.M. Update

18Sep

S&P futures are up +0.15% ahead of this afternoon’s FOMC policy decision at 2:00 ET. The committee is expected to...

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BrandtA.M. Update

A.M. Update

17Sep

S&P futures are up +0.4% with mega caps and semis pitching in this morning rather than being a drag, and traders...

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BrandtA.M. Update

A.M. Update

16Sep

S&P futures are down -0.1% ahead of  he first Fed rate cut since March 2020 this Wednesday.  The fed funds...

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BrandtA.M. Update, Intraday Market Update

A.M. Update – ECB Cuts Rates

12Sep

S&P futures are up +0.1%. The European Central Bank cut rates by 25 basis points to 3.50% as was widely...

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BrandtA.M. Update

A.M. Update

11Sep

Index futures have had a bumpy ride overnight, but not so much due to the presidential debate, but BOJ commentary...

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BrandtA.M. Update

A.M. Update

10Sep

S&P futures are up about a third of a percent, while Dow and Small Cap futures are up less than...

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BrandtA.M. Update

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