Mixed Start to the Week: Mega-Cap Weakness Offsets Iran Deal Tailwinds as Yields Rise Again
The major averages opened this full trading week (sandwiched between two holiday-shortened ones) mostly lower, as tailwinds from the U.S.-Iran...
Afternoon Update
Referencing yesterday’s forecast for today: “$7500 has once again become a key near term pivotal level, but it seems like...
“Higher for Longer” Confirmed: Hawkish Warsh Sparks Risk-Off Move
*This is an important update. I have a lot of good stuff for you. After spending the first half of...
Sharp Tech Reversal: Semis Give Back All of Monday’s Gains and More
The S&P and Nasdaq-100 have done exactly as forecasted last Thursday, Chart & Excerpt: SPX (30M) A bounce here makes...
Relief Rally on U.S.-Iran MOU: Tech, Semis and Mega Caps Lead, But Weak Breadth and AI Risks Cast a Shadow
The stock market kicked off a holiday-shortened week with a sharp rally, as a signed MOU between the U.S. and...
From ‘They’re Finished’ to ‘The War is Over:’ Market Rallies on Trump’s Sudden Iran Reversal
Stocks opened mostly higher after this morning’s PPI report. Unlike the past few days, we didn’t see the usual pattern...
The Worm is Turning
The major averages finished lower today, with another abrupt early reversal in technology stocks. Rising oil prices and renewed geopolitical concerns...
From Collision Course to Crack: Tech’s Intensifying Price Volatility
Monday’s price action, market internals, and volume strongly suggested that the rebound off Friday’s selloff was the start of a...
Market Update: Bear Flag Consolidation Takes Shape as Tech Rebounds Modestly Amid Geopolitical Whiplash
Following Friday’s sharp tech selloff, triggered by stronger-than-expected payrolls that sent yields spiking higher, traders bought the dip in semiconductors...
Rotation into Laggards: Tech Pulls Back While Dow Hits New Highs
Stocks finished mostly higher today as rotation across the broader market helped offset a pullback in Tech/Semi names. The weakness...
Wartime Correlations Are Back, And AI Stocks Are Most Exposed
Wartime correlations that the stock market broke with when the ceasefire went into effect, are back in play, but it’s...
Record AI Chase Continues on Razor-Thin Breadth While Oil Signals Higher for Longer
Geopolitical news and events were nowhere near as dramatic as Monday, though we did get some information and answers. Iranian...
Geopolitical Whiplash: Markets Hit Record Highs on Narrow Leadership as Middle East Tensions Heat Up Again
What a way to kick off the week , straight back into the deep end of the geopolitical pool. Fresh...
Dash for Trash, Negative Breadth at Record Highs amid Re-Emerging War Correlation
Amid the chaotic geopolitical developments, the macro backdrop proved more constructive than expected. Oil prices remained surprisingly restrained despite escalating...
After the Perfect Storm: A Flat Day Reveals Fading Momentum in Semiconductors
The stock market had a relatively quiet session Wednesday, but there were some notable areas that lacked the kind of...
Today’s Theme Was SQUEEZE., But the Warning Lights Are Flashing
Optimism over a potential US-Iran peace deal (or MOU) intensified throughout the long Memorial Day weekend, with repeated signals that...
Market Duped: Fabricated Iran Deal Headlines Drive Markets
Thursday delivered a barrage of conflicting headlines, a clear example of the short-term volatility that has dominated oil prices. Today...
Trump Jawbones Oil Lower as Markets Bounce into Holiday Weekend
Stocks were set for a bounce Wednesday anyway, but President Trump served up another signature Trump Pump, TACO Dump special....
30-Year Yield Rises To Highest Level in Almost Two Decades; Tops 5.20%. Equities Have Not Priced This In.
Most everything dropped at the cash open. Dip-buyers stepped into a number of areas, from Semiconductors to defensive sectors, but...
From AI Euphoria to Rate Reality: Semis Start to Tremble
Big things are unfolding. Geopolitical messaging was noisy and all over the place at this critical crossroads in rates, but...