Daily Wrap
While I usually cover the daily gyrations of the market, today’s U.S. Consumer Price Index (CPI) came in at a...
Daily Wrap
A couple of takeaways from yesterday’s Daily Wrap, Yesterday the market – especially growth stocks – acted way better than...
Daily Wrap
This morning had similar tone to yesterday as S&P futures were near unchanged, but appeared to be consolidating in a...
Daily Wrap
For the most part the first day of the new week was a very dull affair for U.S. stocks. However,...
Afternoon Update
The averages are heading into the final stretch holding about +2.25% gains on the week generally speaking. As touched on...
Daily Wrap
I’m going to try to abbreviate tonight’s post and keep it to that which is most relevant, which changed after...
Daily Wrap
The S&P gained for a fourth consecutive day, despite the ADP employment report falling the most since the COVID lockdown...
Daily Wrap
The market held up well today all things considered… manufacturing growth slowed more than expected and inflation came in higher...
Daily Wrap
Stocks saw their biggest drawdown in January since the COVID crash. Over the past few months you may recall a...
Afternoon Update
Monday we got seller’s exhaustion or capitulation and since then price has been in a correction (except small caps) with...
Daily Wrap
The S&P 500 lost 0.5% on Thursday, closing lower for the third straight day as investors sold into early strength...
Daily Wrap
Today was yet another insanely volatile day in intraday action (Dow swung 900 points) as we have seen all week,...
Daily Wrap
Today had a similar theme to yesterday … extreme intraday volatility. Futures/stocks saw early weakness, then a rebound with Small...
Afternoon Update – Capitulation
There will be no Daily Wrap tonight. My girlfriend puts up with my late-night week work hours without complaint and...
Afternoon Update
As I write this before the close, the averages have hit new session lows and the S&P is below its...
Daily Wrap
Index futures gained overnight and even managed to rally after a weak initial claims report in pre-market as bond yields...
Daily Wrap
While yields backed down today, stocks struggled to gain traction and ended the day with a weak close. The S&P...
Daily Wrap
Thursday night 3C charts of Treasury futures suggested yields were about to move higher, which they did Friday, and followed...
Afternoon Update
So far the S&P’s test of the morning lows amid oversold conditions, has held, despite yields climbing fairly sharply. JPMorgan...
Daily Wrap
The S&P 500 fell -1.4% on Thursday, as the growth stocks succumbed to renewed selling interest in spite of lower...