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...
Daily Wrap
This morning’s headline CPI came in the highest in 39 years, but at Bloomberg consensus of 7%, although well above...
Daily Wrap
After 5 consecutive days down the S&P 500 gained 0.9% in a continuation of dip-buying efforts that started yesterday afternoon....
Daily Wrap
Happy Monday! The new year has gotten off to the anticipated volatile start, albeit probably a bit earlier than I...
Afternoon Update
The Santa rally not only ended, but was completely retraced. After setting a new record close Monday, the S&P is...
Daily Wrap
The scenario outlined yesterday in the Afternoon Update and Daily Wrap unfolded nicely today. NASDAQ-100 was down as much as...
Daily Wrap
I often say that equities are the last to get the message. For weeks now market-based measures (STIRs) have been...
Daily Wrap
Index futures trended higher overnight and in pre-market after a round of fairly strong Manufacturing data from Asia and Europe,...
Daily Wrap
Index futures drifted higher with Europe to start the week, although as noted in the A.M. Update, 3C was negatively...