Daily Wrap
You might have noticed I didn’t post as much as usual today. I’ve had a 103f-104f fever most of the...
Daily Wrap – CPI & FOMC On Deck
Like yesterday, the market started out on the weaker side and improved modestly as the day went on. A big...
Early Update
12:15 p.m. ET The stock market opened to broad based selling activity. Decliners opened with a better than 4-to-1 lead...
Daily Wrap
The stock market started the new week with losses, but ended the session with gains. Moves in both directions were...
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...