Daily Wrap – Weak CPI Sends Stocks Soaring Higher
The key economic event of the week was this morning’s July CPI, which came in much weaker than expected, confirming...
Daily Wrap
While this morning’s economic data is not the key most pivotal data of the week (CPI tomorrow before the open),...
Daily Wrap
Index futures trended higher overnight, with Bitcoin futures leading risk sentiment higher. However, cash session highs were made just after...
Afternoon Update
The market is now pricing in about a 70% odds of a 75 bps hike in September (up from 25%...
Daily Wrap
The overnight session seemed like today was going to be a tame, dull day, especially with risk sentiment in the...
Daily Wrap – Mega-Caps Carry the Day Despite Hawkish Fed-Speak
The stock market had a strong showing today, recouping this week’s earlier losses which were due to consolidations. Ironically these...
Daily Wrap
Pre-market and the morning’s cash session started with a risk-off tone in which volatility, safe-haven gold, the U.S. Dollar and...
Daily Wrap
It seems like my Friday Afternoon Update thoughts on Powell, and what I take to be at least somewhat of...
Afternoon Update
I’m of two minds this afternoon and they are very different. One… I’m looking at the near-term market price action,...
Daily Wrap
The stock market opened on a low note after a larger-than-expected contraction in the advanced Q2 GDP reading and downside guidance...
Daily Wrap – DOVISH Powell
The averages were already performing relatively well this morning, especially the NASDAQ-100, the mega-caps and Technology, Communications and Consumer Discretionary...
Daily Wrap
There wasn’t an abundance of good news since the profit warning from Walmart (WMT -7.6%) on Monday night. Walmart cut...
Daily Wrap
Index futures got the week started on a fairly solid footing, until coming into the cash market where things went...
Afternoon Update
So far (before the close) here’s how the averages fared on the week: On the week SP-500 +2.25%, Dow +1.7%...
Daily Wrap – Mega-Caps Do The Heavy Lifting
Relatively negative headlines this morning fueled lingering growth concerns that led the stock market to a modestly lower open, although...
Daily Wrap
After 1-day oversold internals yesterday, the market’s focal point rotated back to mega-caps lifting the NASDAQ-100 and a resumption of...
Daily Wrap
Monday’s start was impressive, but it was disconcerting how Apple’s hiring plans could turn the entire market. Today might as...
Daily Wrap – One Bad Apple
Index futures started the week on a positive note, with positive corporate news from Goldman Sachs (GS +2.5%) and Boeing (BA -0.01%). Goldman...
Afternoon Update
Coming into this week, both price resistance and 3C charts suggested we were heading for some consolidative/corrective activity in stocks...
Daily Wrap
I’m not even sure where to start with today’s market action, but let’s just say that the pre-market was very...