
Daily Wrap – Billionaires Brawl, Tesla Tanks & We Reach Our Target
My call yesterday was, “the S&P is near the top of my anticipated range, but the price action in the...
Daily Wrap
I’d characterize today’s session as churning right at S&P futures $6000, marred by some disappointing economic data and an acknowledgment...
Daily Wrap
Small-cap stocks and semiconductor issues led today’s gains, with backing support from mega caps. There was a bit of a...
Daily Wrap – Unremarkable Equity Action, But Interesting Action in the Dollar, Gold, Rates and Crude
Tariff angst is starting to rear its head again. While it may not have appeared that way from equities by...
Daily Wrap – Nvidia Didn’t Provide a Spark
NVIDIA (NVDA 139.18, +4.37, +3.2%) was set to be the fulcrum for the stock market today after it delivered impressive...
Daily Wrap – Dull Day Ends with a Bang and It Wasn’t Nvidia’s Earnings.
Yesterday’s knee-jerk reaction to weekend tariff news (EU) posted impressive gains, but there was no follow-through on that effort today...
Daily Wrap – Deja Vu
In many ways today’s trade across multiple asset classes brought us right back to where we were at the start...
Too Many Red Flags.
We gone from some yellow flags for the stock market last week as we saw April 21st smart money selling...
Daily Wrap – It’s About the Debt. Today Produced a Number of Red Flags
Commentary in last night’s Daily Wrap couldn’t have been much more spot on. I just didn’t expect it all to...
Daily Wrap – The Messengers Of The Market Are Rumbling At Huge Levels
The first half of the day was slower than even I expected and I’ve been warning about staying vigilant in...
Daily Wrap
After a decent close on Friday to cap off another 5-day win streak, the second in three weeks, Moody’s followed...
Daily Wrap – Moody’s Downgrades US Credit Rating – Some Yellow Flags.
I’m going to freestyle this a little bit. Let me know if you like this format better or the typical...
Daily Wrap – A Crack In Mega Cap Leadership?
Today was a dullish day led by defensive sectors that looked like it was on track for consolidation day. I...
Daily Wrap – I See A Few Yellow Flags
We have a few interesting market dynamics. First, if it wasn’t already clear, the market is in a very optimistic,...
Daily Wrap – 3C Caught Them. The Financial Times Confirms.
I’ve said quite a few times over recent weeks that someone with some deep pockets and well connected, knew something...
Daily Wrap – The Pain Trade
Well, there it is… the definitive breakout from last week’s bull flag, heading toward $5900. This is pretty much textbook...
Daily Wrap- Bull Flag Breakouts, But Tests Look Likely
Here are some key excerpts from last Friday’s Afternoon Update, talking about what we “should see this week” based on...
Daily Wrap — FOMC, U.S.- China Talks, AI Chip Rule – Still on Track.
I’ll try to keep tonight relatively brief because things going as expected, at least from the short term outlook, and...
Daily Wrap – Constructive Consolidation, But An Indicator Is Screaming, “Recession Ahead.” Also Big News on the Trade Front.
Stocks opened lower, then came of the lows when Treasury Secretary Scott Bessent said the US is negotiating with 17...
Daily Wrap – Short Term & Long Term Outlooks
The S&P finally did it, a -0.63% loss broke the 9 consecutive day win streak. And it did it at...