Category: Daily Wrap

Yet another day of crazy rotation with cyclicals leading and tech notably retreating -a complete flip of  pre-market indications. For...

As has been the norm recently, early futures indications meant nothing once the cash market opened. the Dow and Small...

The stock market added to the strong start to the first full trading week of the new year today, with...

The first full trading week of 2026 kicked off with a something of a head fake this morning: chip stocks...

Monday’s Daily Wrap concluded with the observation, “I anticipate a couple of lackluster days for market price action, but as...

Recently I’ve had a more and more difficult time explaining  gold’s strength; acting more like a risk asset than a...

Today’s abbreviated session was a snoozer.  The averages finished modestly higher, between +0.2% and +0.6% as volatility (VIX -3.7%) was...

The market was a little over the place early on, then the slow low volatility grind higher. Index futures were...

Seasonal holiday volume has kicked in with today coming in roughly ~25% below the 20-day average volume. Low liquidity tends...

After 4 days down, the market was due for a bounce, or what I suspect may turn into a bearish...

A few months ago AI hype was hotter than a South Florida BBQ in August. Every week we had some...

The market finally got the delayed November Employment Situation report, which beat expectations on payroll gains. However, it came alongside...

Index futures were up more than a half-percent in Monday’s pre-market session. Once again, Bitcoin led a decline into the...

Thursday could be described as a tale of two markets. On one side procyclical sectors and defensive sectors rallied the...

A few points from today’s Fed/FOMC:  Reduced the federal funds rate by 25 basis points to 3.50% to 3.75%, as...

The averages were very little changed today ahead of the FOMC. While not as widely anticipated in the shadow of...

Equities ended modestly lower, with only the Tech sector (+0.7%) in the green—nowhere near enough to offset broad-based selling elsewhere....

Most of the major averages spent the session in a tight range near their unchanged mark, drifting sideways as expected...

The combination of a lower Dollar and lower yields provided a supportive backdrop for stocks. Carry trade concerns took a...

Most of the averages closed with modest gains. Tech and mega-caps provided leadership, though action was choppy in session and...