Daily Wrap – Value, Cyclicals and Small Caps Finally Bid
The stock market had a mixed session at the index level, but the vibe under the surface was positive. The...
Daily Wrap – Change in Character
Index futures started the week on a downbeat note following a weak European open, but managed to retrace most, if...
Stock Market Video Update
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Daily Wrap – Payrolls Coming In Friday
So far we’ve been watching price action morph from short-term bearish with the negative reaction to the mid-December FOMC. Price...
Daily Wrap – Higher Rates Hit Stocks
This isn’t turning out to be the January that many investors hoped for after Santa refused to visit Wall Street. For...
Daily Wrap
Coming into the week, conditions for the kind of bounce we got today were improving, whether technical support nearby for...
End of Week Update
Today was the last day of the seasonal Santa rally, which ended up as a flop. The SPX ended the...
Daily Wrap
I was looking forward to today as Window Dressing is no longer a factor so perhaps we’d start to see...
Daily Wrap
It was another ugly day for the averages, following through on a small bear flag from Friday’s intraday session and...
Daily Wrap – SKEW New Record
Today was a lackluster session. Stocks were very little changed and split down the middle on either side of unchanged....
Daily Wrap – December 2022’s Antithesis?
Stocks traded in thin conditions ahead of the Christmas / Santa Rally period. The averages ultimately closed mixed, but with...
Daily Wrap – Live and Die By The Mega Caps in December
The stock market started the session modestly stronger after the major indices registered sharp declines yesterday in response to the...
Daily Wrap – Uncertainty
The first half of the day was slow with a positive bias (FOMC drift). There’s not much to talk about...
Daily Wrap – Breaking Oddball Records
There’s all kinds of ugly market breadth and records being set or broken this week as you’ll see below, but...
Daily Wrap – Mega Caps Or Bust
Today began the last full trading week of December and 2024. For U.S. stocks, economic data didn’t matter. Higher Yields...
Daily Wrap
The market’s fluidity and lack of trend continued today. Yesterday was buy everything except bonds. Today was sell everything, except the...
Daily Wrap – Gold and Oil Get Interesting – So Much For Rotation?
This morning’s CPI was the last piece of important economic data of the year. Of course next week we have...
Daily Wrap
The stock market extended this week’s losses, reflecting ongoing profit-taking after last week’s record highs. Some indicators are pointing to...
Daily Wrap
By the time we got to the end of last week, there was a clear trend of selling into mega...
Daily Wrap
This was going to be the Afternoon Update, but I think we’ll call it the Daily Wrap. Last week Small...