Afternoon Update – Mega-Cap Weaknes
CPI data came in weaker than expected, upsetting market hopes that inflation may be peaking. Yet CPI did moderate from...
Intraday Update
It looks like the averages are about to come off their session lows. One notable development is today’s relative weakness...
Intraday Market Update
1:38 p.m. ET Intraday trade continues to be choppy since the CPI report when stocks fell to session lows, rallied...
Early Update – Nice Opening Rebound
10:50 a.m. ET Index futures had strong gains before the CPI report ruined investor’s hopes that we had hit peak...
Taking another Shot at Last Week’s Low With Mega-Cap Support
2:57 p.m. ET This morning when index futures were soaring higher, I mentioned a number of Fed speakers today that...
Intraday Update – Tech Relative Strength
12:41 p.m. ET Over the course of 2022 we’ve seen just how much yields matter to large-cap and mega-cap stocks,...
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...