Intraday Update
1:25 p.m. ET SP-500 -0.55%, Dow -0.2%, NASDAQ-100 -1.2%, Small Caps +o.3% Just a few quick observations… First a few...
Yields at Highs as Fed Announces an Expedited Meeting for Monday
12:16 p.m. ET Yields have hit new session highs, I suspect as the Bullard saga deepens with an unusual unscheduled,...
Early Update
11:24 a.m. ET It seems yesterday’s extremely hawkish comments by St. Louis Fed President Bullard are receiving some public and...
Afternoon Update
Heading into the close the bond market is a lot uglier than equities with the 2-year yield jumping nearly 25...
Market Update – Bullard VERY Hawkish
1:23 p.m. ET I’ve been a little impressed with how the market has dealt with the ramifications of the CPI...
Early Update – Bouncing Back
10:38 a.m. ET The stock market was off to a tough start following the January CPI report, which has fueled...
Afternoon Update
I’ve got all my intraday data reloaded and have taken a look at the charts. The S&P followed in Dow’s...
Intraday Market Update
2:31 p.m. ET The market needed a break from inflation concerns ahead of tomorrow’s CPI to get some upside traction...
Market Update – On Our Way with Broad-Based Gains
11:22 a.m. ET One of the helpful developments seen in last night’s Daily Wrap was Treasury futures’ 3C charts suggesting...
Afternoon Update – SPX $4500
The day still has a consolidative tone, but the averages are currently near or at session highs. As first pointed...
Market Update – Strong Than Expected With higher Yields
11:56 a.m. ET Tuesday has started as another slow and dull session. Higher yields aren’t weighing on growth (+0.1%) or...
Market Update
1:50 p.m. ET Market tone is still very dull and uninspired to start the week. There may be some newly...
Early Update – Slow Start
10:58 a.m. ET The week is off to a slow and uninspired start, from stocks to bonds. SP-500 +0.25%, Dow...
Afternoon Update
The averages are heading into the final stretch holding about +2.25% gains on the week generally speaking. As touched on...
Back in the Green
2:00 p.m. ET Despite the 2-year yield jumping a huge 12 basis points following the much better than expected Payrolls...
Early Update -SPX Test of 200-Day
11:46 a.m. ET I was partially correct yesterday in that Amazon (+12.5%), which was sharply discounted yesterday (-7.8%) ahead of...
Afternoon Update
4:04 p.m. ET ****Amazon just reported and price is rallying. The averages continue to struggle to find support intraday as...
Quick Follow-Up
2:04 p.m. ET This is a follow up to the last post, NASDAQ-100 TEST. Price is testing the flag’s lower...
Intraday Update – NASDAQ-100 TEST
1:21 p.m. ET Thus far the bleeding in Meta Platforms – formerly Facebook (FB -25.9%) – may have stopped as...
Early Update -Growth Stocks Weigh on the Broader Market
11:15 a.m. ET It’s not just Meta’s (formerly Facebook) -24% price drop, after shockingly weak earnings, that are pressuring markets,...