Category: Daily Wrap

The averages revisited, or tried to revisit intraday highs from Tuesday after a brief consolidation. The market narrative and optimism...

Stocks jumped out of the gate this morning after markets across Asia and Europe had another good showing overnight. The...

The averages put in 7+% gains to start the shortened trading week (Good Friday holiday). Over the weekend US President...

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After a day like this, it’s time for a bear or glass of wine. Initial claims spiked by 3.341 million...

Another record breaking stat, today was the worst start to a quarter since 1932 (the Great Depression). Wall Street’s “narrative”...

The Dow just closed out its worst first quarter ever. Crude’s 66% crash was its worst quarter ever. VIX saw...

One of the bullish narratives going around is pension fund reallocation, with expectations of $150 bln in flow into month/quarter...

9:22 p.m. ET Good evening. Just a quick update… At this afternoon’s COVID 19 briefing, President Trump extended the virus...

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The S&P 500 extended its weekly rally by 6.2% on Thursday after the Senate approved the $2 trillion fiscal stimulus...

An agreement on the stimulus bill was reached in the early hours of the morning, but a vote in the...

The market surged higher today as news that the elusive fiscal stimulus package was close to being agreed to in...

Last night index futures hit limit down after the Senate failed to gather enough procedural votes for its stimulus bill....

The coronavirus funding package is yet to be passed by Congress in Washington D.C. and Index futures didn’t like it....

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The S&P 500 advanced +0.5% on Thursday in a volatile session that saw the benchmark index fall as much as...

It was another wholesale panic day, scrambling to cash. The S&P 500 fell 5.2% on Wednesday, although it did drop...

The market held gains today on monetary stimulus measures, and more so the possibility of an estimated $1 trillion fiscal...

In the weekend video I demonstrated how central banks lose their potency at this stage of the cycle. I couldn’t...