Early Update- Early Gains Faded to Test $4k
11:25 a.m. ET The S&P 500 was up as much as +1.9%, but met resistance at last week’s lows and...
Intraday Update
I usually don’t have these updates after the Afternoon Update, but I thought this was important enough to get out...
Afternoon Update – Yields Should Be Supportive, Now the Spark
3:04 p.m. ET Steep losses remain in a risk-off session. The Nasdaq Composite (-3.95%) and Russell 2000 (-4.1%) are getting...
Early Update – Treasuries Leading and Could Lead to a Surprise Reversal
11:26 a.m. ET Price action is very ugly this morning and has the feel of deleveraging or a fund perhaps...
Afternoon Update
This has been a rather dull, slow-going afternoon. Briefly, this is what I’ looking at as a potential base. Keep...
Market Update
2:25 p.m. ET Considering how volatile the week has been, you may be surprised to hear that the benchmark S&P...
Early Update – Yields Coming Down
11:01 a.m. ET Stocks legged down at the open and again there’s no mystery as to why, just look at...
Afternoon Update
OK, well I think we’re finally back up on the website. If you have any issues, please let me know....
Afternoon Update – Dovish Fed Rate Hike
I know the title of the most seems contradictory, but it’s not. Powell effectively took a 75 bp rate hike...
Intraday Update – Market Moving Dovish Comments
2:47 p.m. ET There have been a couple dovish statements from Powell. The Fed chair said that 50 bp rate...
FOMC Reaction – Initially Modestly Dovish
So far the reaction is modestly dovish with the Dollar down and stocks up. The 2-year yield is roughly the...
Pre-FOMC Update
1:36 p.m. ET The FOMC policy statement is out at 2:00 p.m. ET and Fed Chair Powell’s press conference at...
Intraday Update – Yields off highs
12:32 p.m. ET Treasuries are coming off their lows (yields coming off their highs) as the S&P is trading in...
Early Update
10:40 a.m. ET The Fed is expected to raise the target range for the fed funds rate by 50 basis...
Afternoon Update
Small Caps are leading on the day as Value (+1%) outperforms Growth (+0.1%). The mega-cap index (MGK) is similar to...
Market Update – S&P Challenging $4200
2:10 p.m. ET The averages are seeing some modest follow through to the upside after yesterday’s intraday reversal and several...
Early Update – 3C Chart Update
11:30 a.m. ET The averages are higher after opening around yesterday’s bullish hammer candlesticks. Value style factors have an edge...
Afternoon Update – Getting Green Led By Growth Stocks
The S&P 500 (+0.55%) has climbed back above its flat line after being down -1.7% not too long ago. While...
Intraday Market Update
2:44 p.m. ET Despite the 10-year yield up 10 basis points, you can see in many ways from cap-weighted indices...
Early Update – Term Structure Backwardation
11:54 a.m. ET I have some interesting, new developments to share from this morning’s early trade. The averages have a...