Category: Daily Wrap

After yesterday’s short squeeze in small caps and their best outperformance over NASDAQ since March, some of that reversed today...

Index futures all started the week higher in pre-market, S&P futures were up +0.6% a couple hours before the open,...

Yesterday was all about growth fears, which materialized this morning in a miss on Q3 advance GDP, but that didn’t...

Today’s trade was characterized by growth concerns, in particularly by the bond market. The bond market was where the action...

Early in the session the S&P 500 was up 0.7% — coming within two points of the 4600 level —...

After a shaky start, all of the U.S. major averages gained with NASDAQ-100 and Small Caps leading the way. The...

As mentioned in the Afternoon Update, ” I continue to think that Powell will try to ease market nerves tomorrow...

Index futures started the day in pre-market flat. Then Dow, Small Caps and S&P jumped at the cash open, while...

I have a birthday party to attend tonight so the Daily Wrap will be abbreviated, but touch on the key...

Index futures started the new week off on a sour note overnight and in pre-market following disappointing economic data out...

The last update was pretty comprehensive so I’ll let that stand. The only average to not have filled the gap...

After some positive developments yesterday on the charts (touched on below), the averages put in a strong and broad-based rally,...

The day started with some negative-sounding news out of Apple (AAPL -0.4%) and Delta Air Lines (DAL -5.8%), and persistent inflation pressures indicated...

In the overnight session section of last night’s Daily Wrap, I said, “S&P futures are down -0.1% and haven’t gotten...

Index futures started the week in pre-market a bit on the weak side as crude and natural gas futures gained,...

In summary, the Jobs report showed weaker than expected growth (about half of what was expected), but higher (inflationary) wages...

In last night’s Daily Wrap’s summary section I mentioned two events that might finally allow the averages to make the...

Index futures fell overnight as the 10-year yield spiked to 1.57%, above last week’s high, as crude and natural gas...

The mega-cap stocks really drove the market’s gains today, which was a little surprising given the rise in bond yields,...

Index futures faded overnight gains, which likely had something to do with anxiety over China’s Evergrande and contagion concerns as...