Daily Wrap
The stock market traded modestly higher through most of the session today, following through on the averages’ best week since...
Afternoon Update
Here are a few excerpts from last Friday’s Afternoon Update (after a horrendous week): “I still think we get some...
Daily Wrap – The Higher Low Is In. Things Are Getting VERY Interesting
The major indices closed with declines, but staged a big recovery off their lows for the session after the S&P...
Daily Wrap – Does META Give Us The Higher Low?
Despite positive responses to earnings from influential names like Tesla (TSLA), Visa (V), and Texas Instruments (TXN), that fueled initial...
Daily Wrap – Here’s What To Watch For Next (And some new indicators)
Today saw follow-through buying of a broad-based nature. Some decent earnings results out of the Industrial sector and the Consumer...
Daily Wrap – Oversold Rebound Tone
Today was a pretty easy day for the market to rally in that there was no escalation of geopolitical events...
Afternoon Update
I’ve been picking up yellow, orange and eventually red flags most of the year. I’ve stuck to my guns on...
Daily Wrap – 2024 YTD Winners Continue To Be Sold
Like recent sessions this week, early buyer enthusiasm faded. The S&P 500 and NASDAQ Composite each traded up as high...
Daily Wrap – CTA’s Strike
Once again early buying faded quickly with no specific news catalyst to account for the change. The S&P slid below...
Daily Wrap
I wouldn’t consider today to be volatile, but rather consolidative. Choppiness, however, increased in afternoon trade as markets reacted to...
Daily Wrap – Not Just Geopolitical Risk
The weekend events came and went. Iran attacked Israel from Iranian territory, which I believe is an inflammatory or exacerbating...
Afternoon Update – A Bigger Inflation Problem
Today’s focal point is potential, if not probable, mid-east conflict with Iran expected to attack Israel. I talked a little...
Daily Wrap – HOT CPI and PPI Up Next
Stocks logged sizable declines and Treasuries settled with sharp losses following a hotter than expected March Consumer Price Index ....
Daily Wrap – Reflation
First off, thanks for your patience, understanding and thanks for the well wishes. Since Saturday morning I think I’ve had...
Afternoon Update – Not a Pretty Week For Stocks, But Great For Gold, Oil and Yields.
Circling back to the March Jobs report which came in with a solid 4-sigma beat — Full-time jobs actually saw...
Daily Wrap – Geopolitical Events and Crude Oil Gains Spark Intraday Sell-Off
After Tuesday’s gap down open I outlined 2 probabilities and two expectations that are a big part of listening to...
Daily Wrap
Broadly speaking, today’s trade featured mostly positive price action after a soft start to the day. Buying activity picked up...
Daily Wrap – Failed Breakouts
There were no changes in rate cut expectations following this morning’s data, which suggests, as posted in the A.M. Update,...
Daily Wrap
We’re 1-day into Q2 and inflation was the dominant theme today. The February Personal Spending and Income report, released Friday...
Afternoon Update
First, summing up the day as a lack of conviction is an overstatement. Of course we are heading into an...