Category: Daily Wrap

There wasn’t much in the way of market moving data today. I don’t know if it’s the summer doldrums or...

The averages posted better performance today, but still look to be treading water in a low summer volume environment ahead...

I was set to have an early night, then a family member had a seizure in the living room. I’ve...

I was a it on the quiet side today amid a noticeably low volume session. I had a long night...

First, I have to say that when you get a clean bear flag like the SOX index down to $5600,...

Index futures didn’t look great last night, but after yesterday’s cationic day, this morning’s sell-off was an abrupt turn. The...

Today felt like one of the quietest days of the year for the market. The averages drifted sideways in a...

Index futures saw broad-based to selling following the pre-market July PPI report (up 0.9% month-over-month; consensus 0.2%), (2m) – Most...

Today was surprising. There was no major economic releases beyond some real estate data, but lots of follow-through on yesterday’s...

Total CPI increased 0.2% month-over-month, as expected, while core CPI, which excludes food and energy, rose 0.3%, also as expected....

At first glance nothing happened big happened in the market today that doesn’t make sense in the wake price action...

Let’s start with something light. Ironically, I had written about this very theme in yesterday’s Daily Wrap; not quite in...

Today was mega-caps’ turn to step up to the plate and carry the ball forward. Apple was the focal point...

Modest opening gains quickly reversed on the release of the July ISM Services PMI and the S&P Global US Services...

I have quite a few items to go over tonight. Make sure you read the Treasury section. The market was...

Last week I wrote that I thought this week would give us a lot of answers. So far, it hasn’t...

The FOMC’s expected decision to maintain the federal funds rate at 4.25-4.50% had minimal impact on the stock market’s modest...

Index futures and pre-market had a bullish disposition favoring Tech and the pro-cyclical sectors. Most of them got off to...

Given Sunday’s announcement of a US-EU trade deal and the likelihood of China talks being extended by another 90 days,...

This week has been a reminder of how much I dislike Q2 earnings season in the midst of the summer...