A.M. Update
S&P and NDX futures are flat, Dow is down -0.2% and Small Caps -0.3%. Investors are digesting earnings results from...
A.M. Update
S&P futures are up +0.25% wit some leadership coming from large-cap Tech. The bond market is closed for Columbus Day....
A.M. Update
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...
A.M. Update – Initial Jobless Claims Surge; CPI Hotter Than Expected
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...
A.M. Update
S&P futures are up +0.4%. Treasury yields are providing some support to equity futures. The 2-yr yield is down two basis...
A.M. Update – Payrolls Beats Even Wall Street’s Highest Estimate
Payrolls does it again with a massive beat of consensus. Nonfarm payrolls increased by 254,000 in September (consensus 150,000) following...
A.M. Update
S&P futures are down -0.3%. Friday’s release of the September Employment Situation report looms large, as well as worries around...
A.M. Update
S&P futures are down -0.1%. The potential for further escalation in the Middle East is still impacting the market after...
A.M. Update
S&P futures are down just shy of -0.1%. Overnight news focused on Israel’s “targeted” ground raids into Lebanon. Also, members...
A.M. Update
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....
A.M. Update – Stimulus Bonanza
S&P futures are up +0.8%. For the third day of China stimulus in a row, China goes all in. China’s...
A.M. Update
S&P futures are effectively flat. The PBOC was back at it last night, announcing a 30 basis points cut to...
A.M. Update
S&P futures are up less than 0.1%. They did it. China announced stronger than expected, massive stimulus measures. This, of...
A.M. Update – Soft European Data
S&P futures are up +0.25%. Soft Manufacturing and Services PMIs from the eurozone boosted speculation about an October rate cut...
A.M. Update
S&P futures are down -0.1%. Pre-open losses in some mega cap names have contributed to the early downside bias, along...
A.M. Update
What a difference an overnight session makes. S&P futures are up +1.7%. Of course the early upside bias stems from...
A.M. Update
S&P futures are up +0.15% ahead of this afternoon’s FOMC policy decision at 2:00 ET. The committee is expected to...
A.M. Update
S&P futures are up +0.4% with mega caps and semis pitching in this morning rather than being a drag, and traders...
A.M. Update
S&P futures are down -0.1% ahead of he first Fed rate cut since March 2020 this Wednesday. The fed funds...
A.M. Update – ECB Cuts Rates
S&P futures are up +0.1%. The European Central Bank cut rates by 25 basis points to 3.50% as was widely...