Category: Daily Wrap

Today’s soft Dallas Fed survey’s collapse confirms the recent trend of ‘soft’ survey data catching down to hard data. source:...

The market’s rebond momentum has halted as Jackson Hole starts. Today was a bit of a rough day for the...

The NASDAQ and S&P eked out new closing highs again on conspicuously low volume. Buyers appeared slightly more interested in...

The S&P 500  and NASDAQ rose modestly on Tuesday, setting intraday and closing record highs in a tame session. The...

The theme of the day was last week’s worst performing stocks, sectors and groups ( as well as commodities) were...

The Large-Cap indices closed mixed, but little changed. Small Caps had a horrible day as did Dow Transports. Yesterday’s weak...

The day started off with very low conviction trade, mixed sector performance and internals. Even after the July FOMC minutes...

The stock market struggled on Tuesday, with the S&P 500 and Dow Jones Industrial Average snapping five-session winning streak and...

The S&P 500 and Dow Jones Industrial Average eked out intraday and closing record highs on Monday after being down...

The two main themes today were today’s Producer Price Index showed inflationary pressures in stark contrast to yesterday’s Consumer Price...

Today was a fairly big day for headlines and economic data. Closely watched CPI (inflation) data came in as expected,...

I’m sorry to say that due to a family emergency there will be no daily wrap tonight. I’ll be back...

On the day the stats look like a slow, dullish day lacking conviction, but there were fireworks under the surface...

Despite a tough session, and some ugly price action Wednesday afternoon in the Dow, and weaker looking credit, I said...

The day started with mixed economic data including a huge miss in the ADP Jobs report, ahead of the Non-Farm...

The market faded a positive start like yesterday, the major averages all completed 2nd legs lower between a bearish consolidation...

August has a tendency to have a negative seasonal bias, but the first few days of any month tend to...

Stocks rallied with a pro-cyclical bias. The advance was supported by a number of factors including both good and bad...

Unlike Monday night when futures had an increasingly defensive look (followed by a plunge in Chinese equity markets), last night...