MArket Update- Things Are Developing As Expected. Consolidations in Crude & Rates opened a Small Window For the Unloved Stocks
Stocks are extending their solid start to the week with good tech leadership and a favorable macro backdrop as rates,...
Afternoon Update
There’s some broad-based profit taking into the close. The SPX is trading below the $7780 level mentioned. Consumer discretionary is...
Market Update: Fed Repricing Buys the Bounce. Yields, Oil, and $64 Billion of Selling Are Still the Overhang
A Saudi-led coalition opened its largest Yemen offensive in years after recent Houthi gains along the Red Sea coast and...
BTC & Nasdaq
When I looked at Bitcoin in pre-market, it was up something like +2.3%. Price cleared $85k. The gains were a...
Market Update- Rotation, Sort Of. Strong Oil Charts & Yields Rebounding Post Payrolls Presents Risk
Nonfarm payrolls increased by just 29,000, while revisions to July and August combined led to -60,000 fewer jobs than previously...
Trump Sending Third Aircraft Carrier to Middle East – Oil Update
It was already reported earlier that Washington is sending a third U.S. aircraft carrier toward the region of the Middle...
Quick Update – Pull Back In Yields To Start Bounce To Relieve Oversold Conditions
Rather than put this in a full update I figured I’d get it out sooner. Like Wednesday, Index futures got...
MOVE INDEX SOARING
MOVE & VIX – Last time the MOVE index was at these levels was March, and VIX was in the...
PCE Cooled. The 10-Year Did Not.
Today’s the last day of Q3. Pension rebalancing may still be in play, slightly distorting the tape, but that should...
Market Update – Yields Seem Stretched; Oil is Lower; 1-Day Oversold Internals Still Active
The major averages drifted lower into midday after spending much of the morning near their unchanged levels, as deteriorating breadth...
Afternoon Update
While I wouldn’t say the mega cap support has broken, the market provided very clear evidence today (especially before noon)...
Market Update
U.S. Iran headlines are fluid and I can’t type, capture charts, and post fast enough to keep up. Furthermore, if...
Market Update
Stocks spiked, oil slid, and gold jumped (sort of) after reports the US and Iran talks have entered a “technical...
Market Update – Yields March Higher, Despite Anonymous Sources
Rising oil prices and elevated Treasury yields continue to weigh on the market as Brent surged to around $106 after...
Intraday Update
Following up on the 3C part of the last update: “3C is looking a little better in couple of places...
Market Update – 10-Year yield Breakout Above 5.00%
Tuesday’s market wrap couldn’t have been more timely or appropriately titled, “5% Is the Test.” Stocks are facing pressure as...
Market Update
The broader technology landscape is not as enthusiastic as yesterday. Mega Caps are flattish and mixed. Semiconductors are following-through on...
Bitcoin Lit the Fuse. Gamma Squeeze in Tech is doing the Rest; Stagflation Signal in Transports
I’m not buying there’s this much optimism at the SPX/NDX index level over a summit between US President Trump and...
Afternoon Update- Sleepy Op-Ex, VERY bullish Yields/Crude Consolidation
I hate to say it, but these triple or quad-witching options expirations can be some of the dullest market days....
Major Market Update
I have a lot for you. Technology stocks are leading the advance with solid leadership across the AI trade and ...
