Category: Daily Wrap

This is the final trading week of the month, the quarter and H1 (the first half of the year). I’ve...

This morning’s pre-market economic data was bad, from Housing data, to Initial Jobless Claims and the Philly Fed. The Bloomberg...

Today was a bit dull, presumably due to tomorrow’s holiday, but the major averages all managed small gains. Dow Transports...

Today’s trade in stocks was somewhat mixed despite a solid showing at the index-level. Gold pulled back fairly sharply and...

The equity market saw 2-way action today, despite a cooler than expected Producer Price Index and surging Initial Jobless Claims,...

You might have noticed I didn’t post as much as usual today. I’ve had a 103f-104f fever most of the...

Like yesterday, the market started out on the weaker side and improved modestly as the day went on. A big...

12:15 p.m. ET The stock market opened to broad based selling activity. Decliners opened with a better than 4-to-1 lead...

The stock market started the new week with losses, but ended the session with gains. Moves in both directions were...

One day after the Nvidia-led rally, the major averages barely moved today with the S&P closing essentially unchanged (-0.02%) ahead...

The equity market and several other asset classes have had a deflationary (read as “recessionary”) feel this week. I warned...

As I wrote yesterday in relation to the deflationary feel of the market (yields, dollar and crude down, while gold...

Asia and Europe started the new month with a positive bias, as did U.S. index futures on the back of...

Yesterday afternoon, after noting a positive divergence in the DIA (and to a lesser extent Small Cap IWM),  I wrote:...

Stocks had a poor showing today with broad-based selling in what has been a fairly non-stop round of selling since...

The stock market exhibited mixed action today. There wasn’t a lot of conviction from buyers or sellers after the holiday...

As expected in the Early Update, the S&P has been hanging around $5300 most of the session. It probably closes...

I have to wonder whether Nvidia’s blowout earnings — the market’s fulcrum event of the week — just became a...

The market exhibited mixed action again, almost frozen most of the day until the FOMC minutes were released. The hawkish...