Daily Wrap – The Most Important Payrolls Report Ever?
One day after the Nvidia-led rally, the major averages barely moved today with the S&P closing essentially unchanged (-0.02%) ahead...
Daily Wrap – Expected BOC Rate Cut Has Big Effect
The equity market and several other asset classes have had a deflationary (read as “recessionary”) feel this week. I warned...
Daily Wrap – Deflation?
As I wrote yesterday in relation to the deflationary feel of the market (yields, dollar and crude down, while gold...
Daily Wrap
Asia and Europe started the new month with a positive bias, as did U.S. index futures on the back of...
Afternoon Update -Looking Ahead
I’m going to get this post out a little early so you can take it in. And, it’s my birthday...
Daily Wrap
Yesterday afternoon, after noting a positive divergence in the DIA (and to a lesser extent Small Cap IWM), I wrote:...
Daily Wrap
Stocks had a poor showing today with broad-based selling in what has been a fairly non-stop round of selling since...
Daily Wrap
The stock market exhibited mixed action today. There wasn’t a lot of conviction from buyers or sellers after the holiday...
Afternoon Update
As expected in the Early Update, the S&P has been hanging around $5300 most of the session. It probably closes...
Daily Wrap – Key Reversal Day
I have to wonder whether Nvidia’s blowout earnings — the market’s fulcrum event of the week — just became a...
Daily Wrap – The Fed Is More Worried About Inflation Than Portrayed, and Nvidia BEATS
The market exhibited mixed action again, almost frozen most of the day until the FOMC minutes were released. The hawkish...
Daily Wrap – Amid A Quiet Market Transports Have An Ugly Day
Within 5 minutes of looking at the market this morning my quick take (before I went through everything and posted...
Daily Wrap – Underappreciated Inflation Risk Building?
The averages were mixed in thin trade ahead of the week’s fulcrum events. In my view, that’s primarily Nvidia’s earnings...
Afternoon Update – Stocks Dead, But Commodities Jumping & Threatening To Resume The Reflationary Impulse
3:15 p.m. ET I’m getting this post out earlier than usual because I think today’s developments are huge and I...
Daily Wrap
Yesterday’s cooler than expected Headline CPI and weaker than expected Retail Sales were the perfect Goldilocks combo of rate-cut odd...
Daily Wrap – Bad News Is Good News
A week ago (May 10th) I wrote, “We’re in an environment in which “bad economic news is good news for...
Daily Wrap – Producer Price Index Reflating At Fastest Pace in 12 Months
The three important stories for the market today were 1) Much Hotter than Expected Inflation in the Producer Price Index;...
Afternoon Update / Daily Wrap
Today is my mother’s 80th birthday, so we’re going to celebrate her. There will be no Daily Wrap tonight, but...
Afternoon Update
The day was duller than I expected given the early action after the University of Michigan Consumer Sentiment report. We do...
Daily Wrap – Jobs Detiorating, SPX Measured Move Met
In last Friday’s Afternoon Update I wrote, “I expect next week will be fairly smooth sailing [for stocks] with earnings...