Early Update – Start of Correction?
10:46 a.m. ET The stock market opened decidedly lower on the heels of weaker-than-expected economic data out of China, which...
Afternoon Update
The key and most important developments this week were the CPI and PPI reports (the former more meaningful than the...
Intraday Update – New Session Highs
3:00 p.m. ET It looks like we’re going to end another green week on a strong note judging by current...
Intraday Update
12:02 p.m. ET The averages just recently hit new session highs, but that’s not altering my view of a consolidation...
Early Update – Consolidation Phase
10:46 a.m. ET While most of the averages are up with NASDAQ-100 leading the way, it appears the consolidation phase...
Afternoon Update
Well, Yep, the market’s getting tired. I do like to see healthy rotation from the mega-caps that have thus far...
Intraday Update – Rotation to Cyclicals and Value, But Market Looking Tired
2:03 p.m. ET The Mega caps and growth stocks are the main downside drivers limiting index performance today, but there...
Market Update – Cyclical Leadership, Mega-Caps Tiring
11:46 a.m. ET Added to yesterday’s surprise decline in CPI, PPI’s surprise decline this morning has lent more credibility to...
Afternoon Update
The market is lifting a bit into the close, mostly led by Small Caps… Small Cap IWM (1m) at intraday...
Intraday Update – To Session Highs
2:14 p.m. ET After the last post, we did get some consolidative action, but now the averages are trying to...
Intraday Update
12:40 p.m. ET Most of the averages have extended gains since the last update, and most have made higher highs...
Early Update – Stocks Soar on CPI Beat
10:44 a.m. ET We’re off to a strong start with many price trends extending their bullish price patterns after CPI...
Afternoon Update
There’s not too much to add from the last post. SP-500-0.5%, Dow -0.25% (Transports -1%), NASDAQ-100 -1.15%, Small Caps -1.55%...
Intraday Update – 3C Update
1:20 p.m. ET Oil prices (-0.5%) are rolling over, giving up gains. Yields are still higher from 1 bp (30y)...
Early Update – CPI Concerns
10:44 a.m. ET In additional economic data, second quarter nonfarm business sector labor productivity decreased 4.6% (consensus -4.5%) on the...
Afternoon Update
It’s been in large part, somewhat disappointing performance from markets which started off strong, but semis dragged Tech down, and...
Intraday Update – Mega-Caps Weighing on the Market
1:39 p.m. ET The stock market showed resilience early on despite relatively negative headlines before rolling over around midmorning. With...
Early Update – Last Week’s Breakout Makes Further Progress
11:09 a.m. ET Mega-caps led at the open, but a huge short squeeze has put Small Caps on the top....
Afternoon Update
The market is now pricing in about a 70% odds of a 75 bps hike in September (up from 25%...
Market Update
2:01 p.m. ET This morning’s blowout Jobs report is turning controversial, especially given the daily flow of corporate layoff news...