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...
Broader Participation Lifts All Averages as Cisco Powers the Dow
Broader market participation was better today, helping the Dow Jones Industrial Average keep pace with the other major indices. A...
Beijing Bounce: Record Highs, Record Divergence. S&P Hits New Peaks as Breadth Collapses.
After a hotter-than-expected Consumer Price Index (CPI) on Tuesday, the April Produce Price Index (PPI) report also came in significantly...
Hotter CPI, Rising Yields & Oil Weigh on Tech as Defensive Rotation Provides Support. Is a Major Yield Breakout Next?
Hotter-than-expected inflation data, rising Treasury yields, and higher oil prices weighed on Technology stocks. Rotational dynamics added a layer of...
Volatility & Breadth Signals Intensify: 4th ABI in 5 Days + 6th VXN Signal Since 2009
President Trump sharply criticized Iran’s response to the latest U.S. peace proposal, calling it “totally unacceptable.” He later told reporters...
Record Highs Fade as Project Freedom Restarts and Strait Clashes Intensify: More 3C Divergences, Another ABI Signal.
The stock market pulled back from this morning’s record-highs as oil prices bounced off their earlier lows after the Wall...
Daily Wrap
I spent a lot of time on the set-up, change in tone and policy yesterday, so no need to rehash...
Project Freedom Lasted One Day. Here’s Why My Spidey Senses Are Buzzing.
Tonight’s post is going to have some speculation on my part, but I’ll pull together some theories driven by market...
Project Freedom Meets Iranian Escalation: Markets Close Lower on Renewed Hormuz Tensions
In Friday’s Afternoon Update had a gut-feeling, based on observation, that something was about to kick-off in the Middles East....
Artificial Tailwind: BOJ’s Record $100B Intervention Masks Rising Geopolitical and Macro Risks
On a normal day, the dominant story would be the Bank of Japan’s massive, near $100B (confirmed) overnight intervention in...
Inflection Point: Oil Surges Past $109, Yields Spike, Rare 4 Fed Dissents & Institutional Cracks Emerge
Stocks opened to relatively broad weakness as oil prices and rates climbed following a Wall Street Journal report that President Trump...
Daily Wrap – The Calm Before the FOMC and Mega Cap Earnings
Higher oil prices pushed Treasury yields higher again today. April Equity Tailwinds Shift to Headwinds What started as a strong...
Semis’ Win Streak Ends, Credit Diverges, and Tailwinds Weaken Ahead of Fed & Mag7
Stocks finished mixed and barely changed, in sharp contrast to a very busy weekend of news and headlines. Mega-cap and...