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 futures are up +0.4% and have lost their...
A.M. Update
S&P futures have rebounded in spectacular 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 futures are just a tick below unchanged. NASDAQ-100 futures 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...
A.M. Update
S&P futures are up +0.1% ahead of today’s $2.7 Trillion options expiration. There is a lot of mixed up action...
A.M. Update
S&P futures are up +0.3% as the Dollar-Yen pair (+0.1%) have held steady and calm overnight and not seen the...
A.M. Update
S&P futures are down -0.9% with NASDAQ-100 down -1.4% on the back of European market weakness and following a negative...
A.M. Update
S&P futures are up +0.2%, but Small Caps are best, up +1% as they continue their run toward the measured...
A.M. Update
Stock futures are higher amid rising Treasury yields. S&P futures are up between +0.35% and +0.4% in consolidative trade off of...
A.M. Update – PPI Hot
S&P futures are up +0.07%, NASDAQ are flat, but Small Caps are +1%. The June headline PPI printed hot at...
A.M. Update
S&P futures were up on this morning’s gains on a positive knee-jerk reaction to CPI and Initial Claims data, but...