A.M. Update
S&P futures are down -0.4% and Treasury yields are lower. I suppose those 3C divergences last night were meaningful. Maybe...
A.M. Update – Retail Sales Beat Big
I’m just headed out the door for a doctor’s appointment. I’ll be bac soon, but I wanted to get the...
A.M. Update – CPI as Expected
S&PĀ futures are little changed at +0.1%. Total CPI increased 0.2% in July (consensus 0.2%) following a 0.1% decline in...
A.M. Update
S&P futures are up +0.65% this morning following a cool PPI. Dow futures (+0.25%) trail somewhat due to a pre-open...
A.M. Update
S&P futuresĀ are up +0.25% as the Yen has slid lower (USD/JPY +0.7%) to start the new week. This week’s calendar...
A.M. Update – 1-Day Overbought Internals
S&P futures are down -0.3%, fading an earlier gain of +0.5%, andĀ Nasdaq-100 down -0.45%. Yesterday’s internals were 1-day overbought....
A.M. Update
S&P futures rebounded off overnight lows and are +0.8%. Initial Claims gave the market some relief from economic growth concerns...
A.M. Update – Carry Trade Re-wind
S&P futures are up +1.1%. The reason? In the Summary section of Monday’s Daily Wrap I wrote, “In my opinion...
A.M. Update
S&P 500 futures are up +0.4%, having given up some of overnight gains. Overseas, Japan’s Nikkei surged +10.2% following its...
A.M. Update
The global sell off that began late last week on fears about US economic growth has continued. S&P futures are...
A.M. Update – Recession Fears Spike With Recession Signal
Isn’t it strange thing to see just how fast sentiment, even sentiment around something like a recession, can change. The...
A.M. Update
S&P futures are up +0.5% and look somewhat shaky from overnight trade. NASDAQ futuresĀ are up +0.4% and have lost their...
A.M. Update
S&P futures have rebounded in spectacularĀ fashion ahead of the Fed, up +1.25%. The positive bias in early trading is...
A.M. Update
S&P 500 (+0.2%) and NASDAQ 100 (+0.3%) futures are higher, supported by gains in mega cap names. There’s still an...
A.M. Update
S&P 500 futures are up +0.4% in early trading in front of a busy week. Earnings reporting picks up steam...
A.M. Update Fed’s Favored Inflation Gauge A Little Hot
S&P futures are up +0.75% and NASDAQ +1% supported by pre-open gains in mega cap and semiconductor shares. US JUNE...
A.M. Update
S&P futures are flat. Weekly initial jobless claims totaled 235,000 (consensus 240,000) following a revised count of 245,000 last week...
A.M. Update – Mega Cap Tech Earnings Drag Market Lower
S&P (-0.9%) and NASDAQ (-1.45%) Index futures are sharply lower. Tesla (TSLA) and Alphabet (GOOG) show sizable pre-open declines in...
A.M. Update
S&P futuresĀ are just a tick below unchanged. NASDAQ-100 futuresĀ are still down -0.2%; lower after disappointing earnings guidance from semi,...
A.M. Update – Biden Steps Aside, Little Reaction
S&P futures are up +0.6%, supported by pre-open gains in mega cap and semiconductor stocks which have lifted NASDAQ-100 futures...