Category: Daily Wrap

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...

The averages were mixed with most ending lower in a duller session. Nasdaq-100 ended with a small gain with Alphabet’s...

The stock market posted its strongest session of the week, despite Texas Instruments (TXN -13.34%) earnings after Tuesday’s bell. Most...

The market open provided evidence validating my suspicions that dealers had a thumb on the scale with an eye on...

Wednesday afternoon the market turned around after successfully testing down toward SPX $6200 (and Trump’s denial of a direct effort...

In many ways today’s market performance was the mirror opposite of yesterday. For instance, the Technology sector was the only...

I had an emergency to tend to after the close. This was  going to be a briefer summary given that...