Afternoon Update
I’m going to keep this short ahead of the Thanksgiving holiday. Really not that much happened in the broad market,...
Daily Wrap
Today was less chaotic and less of a watershed day compared to yesterday, but did see follow through in both...
Daily Wrap
Index futures started the holiday shortened week on a positive note (Thanksgiving holiday, usually a bullish seasonal bias), but the...
Daily Wrap
Once again there was a lot of action at the cash open. Index futures were higher in pre-market, but dumped...
Daily Wrap
All of the averages ended lower in what became a defensively biased session. Like yesterday, the markets focus was primarily...
Daily Wrap
Early price action was muted despite some fairly significant economic reports and hawkish Fed commentary. Around 11 a.m. the major...
Daily Wrap
Index futures came into pre-market with some modest gains, even after weaker Chinese economic data, but they fell at the...
Daily Wrap
With a 1-day oversold condition in equities (internals) and no economic data today, plus the Treasury market closed for Veteran’s...
Daily Wrap
This morning’s CPI report is one of the most anticipated reports of the week. It followed yesterday’s hot PPI, and...
Daily Wrap
Can one stock tank the market, at least on today’s scale? Well Tesla (TSLA -11.99%) did its part to be...
Daily Wrap
The averages had a fairly quiet, dull day. US index futures moved higher this morning after a quiet start with...
Afternoon Update
This week the Fed took the first step toward tightening monetary policy. 18 months ago when the Fed had its,...
Daily Wrap
The major averages were much more mixed today than yesterday. Mega-cap stocks displayed strength in pre-market which was driven by...
Daily Wrap
Stocks struggled for direction the first half of the day, except Small Caps which saw another spectacular short squeeze. By...
Daily Wrap
After yesterday’s short squeeze in small caps and their best outperformance over NASDAQ since March, some of that reversed today...
Daily Wrap
Index futures all started the week higher in pre-market, S&P futures were up +0.6% a couple hours before the open,...
Daily Wrap
Yesterday was all about growth fears, which materialized this morning in a miss on Q3 advance GDP, but that didn’t...
Daily Wrap – Growth Scare
Today’s trade was characterized by growth concerns, in particularly by the bond market. The bond market was where the action...
Daily Wrap
Early in the session the S&P 500 was up 0.7% — coming within two points of the 4600 level —...
Daily Wrap
After a shaky start, all of the U.S. major averages gained with NASDAQ-100 and Small Caps leading the way. The...