Daily Wrap – Live and Die By The Mega Caps in December
The stock market started the session modestly stronger after the major indices registered sharp declines yesterday in response to the...
Daily Wrap – Uncertainty
The first half of the day was slow with a positive bias (FOMC drift). There’s not much to talk about...
Daily Wrap – Breaking Oddball Records
There’s all kinds of ugly market breadth and records being set or broken this week as you’ll see below, but...
Daily Wrap – Mega Caps Or Bust
Today began the last full trading week of December and 2024. For U.S. stocks, economic data didn’t matter. Higher Yields...
Daily Wrap
The market’s fluidity and lack of trend continued today. Yesterday was buy everything except bonds. Today was sell everything, except the...
Daily Wrap – Gold and Oil Get Interesting – So Much For Rotation?
This morning’s CPI was the last piece of important economic data of the year. Of course next week we have...
Daily Wrap
The stock market extended this week’s losses, reflecting ongoing profit-taking after last week’s record highs. Some indicators are pointing to...
Daily Wrap
By the time we got to the end of last week, there was a clear trend of selling into mega...
Daily Wrap
This was going to be the Afternoon Update, but I think we’ll call it the Daily Wrap. Last week Small...
Daily Wrap
Today’s market activity was relatively subdued after yesterday’s. We did see some signs of weaker tone this afternoon (see the...
Daily Wrap – Crypto Breaking Out
Last night’s relative performance in Index futures gave a hint as to today’s market performance. Nasdaq-100 and the Dow had...
Daily Wrap – Geopolitical Tensions Blamed For a Lackluster Day in Markets… I Don’t Know About That.
There wasn’t a lot of conviction in the market today. Upside moves were driven largely by mega cap gains this...
Daily Wrap
At the sector and averages’ headline level, today was mixed with more than half of averages closing lower and a...
Afternoon Update
That just about concludes the holiday shortened week and the month of November. Dealer gamma profiles should allow for prices...
Daily Wrap – Month End Poses Some Important Questions, As Well As Hints To The Answers
Today’s trade was somewhat mixed with low volume and liquidity in front of tomorrow’s Thanksgiving holiday. Small Caps and Value...
Daily Wrap – PCE On Deck
I’m going to keep tonight on the shorter side. One of the biggest lessons I’ve learned with indicators is not...
Daily Wrap – Rotation With a Twist
Given the lack of immediate 3C (and other signals) y the close on Friday, it made sense that Thursday/Friday’s rotation...
Afternoon Update/Daily Wrap
This post was meant to be the final Friday Afternoon Update, but bled into an abbreviated Daily Wrap as well....
Daily Wrap – Nvidia’s Poor Response To Earnings Sparks Some Rotation To Cyclicals, Value, Small Caps and the DJIA.
Another day, another escalation in the Ukraine/Russia war. Earlier Ukraine claimed that Russia launched an ICBM into Ukraine, but with...
Daily Wrap – Nvidia and Geopolitical Tensions Flare Again
We know that with the light macroeconomic week, Nvidia is the week’s fulcrum event. What we didn’t know (although perhaps...