Category: Daily Wrap

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...

In many ways today’s trade across multiple asset classes brought us right back to where we were at the start...

We gone from some yellow flags for the stock market last week as we saw April 21st smart money selling...

Commentary in last night’s Daily Wrap couldn’t have been much more spot on. I just didn’t expect it all to...

The first half of the day was slower than even I expected and I’ve been warning about staying vigilant in...

After a decent close on Friday to cap off another 5-day win streak, the second in three weeks, Moody’s followed...

I’m going to freestyle this a little bit. Let me know if you like this format better or the typical...

Today was a dullish day led by defensive sectors that looked like it was on track for consolidation day. I...

We have a few interesting market dynamics. First, if it wasn’t already clear, the market is in a very optimistic,...