Category: Intraday Market Update

As far as I can tell, just about everything out of the FOMC today was more hawkish than expected, and...

As expected the Fed left the Fed funds rate steady, but the doubled the pace of taper to $30 bln...

SP-500 -0.2%, Dow -0.15%, NASDAQ-100 -0.6%, Small Caps -0.6% The air of caution from this morning persists heading into the...

11:14 a.m. ET Buying conviction in equities has been restrained by a deceleration in retail sales data, and in Treasuries...

1:14 p.m. ET We’re now getting to more traditional short term oversold levels with decliners 2-to-1 over advancers and only...

11:27 a.m. ET The averages are struggling after another hotter than expected Producer Price Index report (PPI) just a day...

Today has been a defensive session sparked b comments by UK PM Johnson as well as the British government upping...

1:43 p.m. ET SP-500 -0.7%, Dow -0.85%, NASDAQ-100 -1.1%, Small Caps -1.9% The first market whammy was UK PM Johnson...

11:22 a.m. ET Stocks were set for a modestly higher stat to open the week, but index futures dropped into...

2:30 p.m. ET SP-500 +0.65%, Dow +0.4%, NASDAQ-100 +0.7%, Small Caps -0.4% Touching on this morning’s CPI, inflation came in...

10:52 a.m. ET Some of the CPI gains in futures (relief it wasn’t as bad as the whisper number) are...

CPI came in about as expected, but still at the fastest pace of inflation since 1982, and showed evidence of...

2:45 p.m. ET As mentioned in the last update, on a short term tactical basis I’m feeling more neutral on...

11:07 a.m. ET This looks like the profit taking expected with most averages filling their gaps and what could be...

2:47 p.m. ET The large-cap indices are cooling off from a two-day rally, while the small-cap Russell 2000 keeps moving...

10:34 a.m. ET Briefly, the averages are losing momentum as suspected in a mixed start. Futures initially surged on Pfizer...

As mentioned in the last update, the Dow filled the post-Thanksgiving Gap. The S&P came within a fraction of doing...

1:46 p.m. ET Well that didn’t take long. While the NASDAQ-100 and small Caps are the best performing today, yesterday...

10:40 a.m. ET Receding Omicron fears and a second shot of Chinese stimulus in the market’s arm are extending the...