Category: Daily Wrap

Illiquid extended hours/futures trade isn’t always the best indication for the cash market. In fact over the last few months,...

The major averages closed firmly lower today, capping a volatile month-end session. Month-end rebalancing appears to be contributing, with small...

Overnight and premarket action showed metals soaring and 10 of 11 sectors higher, though Tech lagged. A dismal reaction to...

The major stock indexes opened higher on Wednesday, lifted by strong corporate earnings reports and related developments (mainly in the...

I want to thank everyone for the thoughtful messages. Unfortunately, my mother’s condition has declined sharply and unexpectedly, with the...

Summing up the week with a picture… Chaotic. Many of January’s 2026 trends and assumptions seem to be crashing down...

The dominant market theme Thursday centered on relief-driven follow-through from Wednesday’s headline-driven volatility, sparked by geopolitical concerns around Greenland and...

I’m not sure how much signal we can separate from the tape-bomb noise, but here’s the day in a nutshell:...

It’s tempting to quickly blame today’s volatility purely on headline jitters—Trump’s Greenland tariff threats reigniting trade-war fears, but Japanese bond...

The stock market delivered a mixed but ultimately positive session, with broad-based gains led by Tech after TSMC‘s strong earnings...

Today’s market action extended yesterday’s rotating roller coaster, with ongoing geopolitical developments and fundamentals driving the volatility, that volatility itself...

A busy morning of economic data and earnings reports failed to provide a strong enough catalyst for equities. Escalating protests...

This week was already going to be full, with: inflation data, Fed speakers (before Saturday’s Fed media blackout), and banks...

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...