Daily Wrap
The stock market had a positive bias for the entirety of today’s session but remained in a narrow range until...
Daily Wrap
Today’s trade had a positive bias that left the major indices with modest gains, snapping a three-session losing streak. The...
Daily Wrap
On the face of things, it was a quiet day that lacked conviction ahead of Fed Chair Powell’s speech at the...
Daily Wrap
Today was quite weak and broad-based selling or de-risking. Other than the market in need of, and time for a...
Afternoon Update
As of last Friday’s Afternoon Update, my view was that we’d see the market averages consolidate/correct this week. Early in...
Daily Wrap
Today was actually a pretty dull day with diminishing volume, which is a hallmark of consolidation phases. Some very new...
Daily Wrap
After a weak pre-market and early trade, the averages caught an unusual bid into session lows and heading into the...
Daily Wrap
I think tonight’s post is going to be on the brief side again because it doesn’t really need to be...
Daily Wrap
I’m going to keep tonight’s post on the brief side because you know what I suspect about the market here...
Afternoon Update
The key and most important developments this week were the CPI and PPI reports (the former more meaningful than the...
Daily Wrap
Index futures started the session with decent overnight/follow-through gains. After yesterday’s surprise decline in the Consumer Price Index (CPI), we...
Daily Wrap – Weak CPI Sends Stocks Soaring Higher
The key economic event of the week was this morning’s July CPI, which came in much weaker than expected, confirming...
Daily Wrap
While this morning’s economic data is not the key most pivotal data of the week (CPI tomorrow before the open),...
Daily Wrap
Index futures trended higher overnight, with Bitcoin futures leading risk sentiment higher. However, cash session highs were made just after...
Afternoon Update
The market is now pricing in about a 70% odds of a 75 bps hike in September (up from 25%...
Daily Wrap
The overnight session seemed like today was going to be a tame, dull day, especially with risk sentiment in the...
Daily Wrap – Mega-Caps Carry the Day Despite Hawkish Fed-Speak
The stock market had a strong showing today, recouping this week’s earlier losses which were due to consolidations. Ironically these...
Daily Wrap
Pre-market and the morning’s cash session started with a risk-off tone in which volatility, safe-haven gold, the U.S. Dollar and...
Daily Wrap
It seems like my Friday Afternoon Update thoughts on Powell, and what I take to be at least somewhat of...
Afternoon Update
I’m of two minds this afternoon and they are very different. One… I’m looking at the near-term market price action,...