A.M. Update – Payrolls
August Non-Farm Payrolls came in 142k Jobs added (consensus 165K and prior 114k). The Unemployment Rate came in at 4.2%...
A.M. Update
S&P futures are down -0.15% and Nasdaq down -0.4%. The employment related data this morning is conflicting. ADP doesn’t look...
A.M. Update
There’s a negative bias in early action on the first trading day of the holiday-shortened week. S&P futures are down...
A.M. Update
S&P futures are up +0.3% as part of the slow grind on the same trajectory as the overnight chart. The...
A.M. Update
S&P futures are up +0.3% and have been on the rebound most over the overnight session. Nvidia has lifted off...
A.M. Update
S&P futures are flattish. The market is still treading water in front of NVIDIA’s (NVDA) earnings after today’s close and...
A.M. Update
S&P futures are down -0.35%, The market still lacks major directional drivers ahead of NVIDIA’s (NVDA) earnings report tomorrow afternoon....
A.M. Update – Oil Pushing Higher
S&P futures are up +0.15% and aren’t trading with much conviction. That may be in part because WTI Crude Oil...
A.M. Update
S&P futures are up +0.6% ahead of Powell’s speech at 10 a.m. ET. In central bank related news, European Central Bank...
A.M. Update
S&P futures are up +0.2%. Part of the positive bias in early action is being driven by the newly emerging...
A.M. Update
S&P futures are +0.15% higher. Earnings results from Target (TGT) and TJX (TJX) saw upbeat responses, contributing to the upside...
A.M. Update
S&P futures remain flat after yesterday’s 1-ay overbought internals. Home improvement retailer Lowe’s cut its sales and earnings forecast, blaming...
A.M. Update – Dollar Yen Shaky
S&P futures are up shy of +0.1%. Russell 2000 futures are flat. Earnings reporting picks up steam in the retail,...
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&P 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 futures 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%, and 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...