Category: Daily Wrap

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The market digested the second rate cut from the Fed this year and an earnings warning from FedEx (FDX -12.9%) which...

Over the last week there have been a lot of unusual things happening below the surface. Last week it was...

Almost everything notable that happened this week, happened before the cash session. For example crude’s spike, safe haven moves which...

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*** This is the Daily Wrap for Thursday September 12th 2019. For some reason it did not publish.  The first...

After 4 days of consolidation, the averages went green on the week today. The S&P is up +0.55% for the...

There’s remarkable turbulence in the market the last two days, yet on the surface things look very calm as evidenced...

The most dominant theme today was hedge fund or CTA/quant style factor rotation or unwind between growth and value. The...

U.S. stocks rallied for the second day, for the same reason as yesterday- Trade war optimism. Index futures surged overnight...

Index futures gained on news that Hong Kong agreed to withdraw its extradition bill while a weaker dollar supported the...

The market started the holiday shortened week and the month of September with concerns. Additional tariffs imposed by the U.S....

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Trade-talk optimism made a comeback this morning. China’s Commerce Minister Gao repeated his country’s willingness to proceed with negotiations in...

This morning’s open looked a lot like Tuesday’s with Treasury yields notably lower. The only difference was Tuesday stocks gapped...

To put today’s session in context, lets look back to some warning signs last night. Here are a few excerpts...

When the futures market opened for trading Sunday evening, the indication for today’s open was sharply lower. S&P futures were...