Category: Daily Wrap

The major averages traded modestly higher although mixed. Today was a little bit of a correction of yesterday’s very intense...

Today was the first trading day of the third quarter and suspicions related to window dressing and rotation at the...

The S&P 500 and Nasdaq extended record highs set on Friday. Most of the day was a dull affair with...

There was evidence in today’s trade consistent with more quarter end window dressing activity, but there was an additional takeaway...

The S&P 500 started today’s session -0.9% short of its all-time high, and that’s where it ended the session– flat...

The Middle-East ceasefire spawned a broad-based relief rally. In the summary section of yesterday’s Daily Wrap – Ceasefire? I wrote, “I...

The stock market saw some roller-coaster action today that followed developments related to the Middle East conflict. I’m not going...

Sorry this post is so late, but the market is closed tomorrow and I have some things to share that...

Today’s trade started out as very low conviction corrective listlessness. That’s consistent with the one day overbought internals we were...

To summarize the day, let’s look at an excerpt from last Wednesday’s Daily Wrap – Catching the Scent “As geopolitical...

*** I wrote most of this post as of closing data but as I’ve been writing Israel has launched an...

Headline CPI on a month-over-month basis was cooler than expected and that was good news for the market. The year-over-year...

The market continues to hope for a positive outcome of trade talks between officials from the U.S. and China. We...

The Monday session started with some guarded optimism surrounding trade talks between officials from U.S. and China. The market is...

I’d characterize today’s session as churning right at S&P futures $6000, marred by some disappointing economic data and an acknowledgment...

Small-cap stocks and semiconductor issues led today’s gains, with backing support from mega caps. There was a bit of a...

Tariff angst is starting to rear its head again. While it may not have appeared that way from equities by...

NVIDIA (NVDA 139.18, +4.37, +3.2%) was set to be the fulcrum for the stock market today after it delivered impressive...

Yesterday’s knee-jerk reaction to weekend tariff news (EU) posted impressive gains, but there was no follow-through on that effort today...