Daily Wrap
The stock market had another strong showing today with follow through on last week’s upside momentum to build on last...
Afternoon Update – S&P $4600?
This is going to be an abbreviated post due to time restraints before the close, but also because the hard...
Daily Wrap
The stock market had a somewhat volatile session, but considering all the central bank events I suppose it wasn’t that...
Daily Wrap
It’s on the days like today that the most happens in the market, but that I need do the least...
Daily Wrap
After Friday’s initial early strength, in which S&P, Small Caps and Dow Transports all tested up to their 50-day moving...
Afternoon Update
The stock market opened to modest gains following an August employment report that was strong but not as strong as...
Daily Wrap
The market had a lot going against it today, from the Biden’s administration limitation on U.S. semiconductor chip exports to...
Daily Wrap
The major indices opened with modest gains before falling back towards the unchanged mark. The market wasn’t been able to...
Daily Wrap
Index futures started the pre-market session higher, but that all quickly faded as geopolitical risk suddenly ramped up with Taiwan...
Daily Wrap
While Powell was the main event Friday at the Jackson Hole Symposium, he was far from the only central banker...
Afternoon Update
The PCE index this morning showed a modest moderation in inflationary pressures (confirming the CPI, PPI and Copper-Gold ratio), but...
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 thatĀ 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...