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...
Early Update – Stocks Rebound
10:46 a.m. ET Stocks are rebounding off the lows following the shockingly strong Payrolls report, a six sigma beat vs....
Afternoon Update
Heading into the close, it’s been a very dull, lackluster day with the S&P trading around unchanged most of the...
Intraday Update
1:46 p.m. ET So far the day has had a dull tone with the averages little changed, as if it...
Early Update – Low Conviction Trade
10:56 a.m. ET Futures lost some steam heading into the cash open and thus far it’s a mixed, dull session...
Afternoon Update
The averages have traded largely sideways since the last update, although presently their making a run for new intraday highs....
Intraday Update – Mega Caps Providing Key Support
1:13 p.m. ET The mega-cap index is still outperforming, up +2.75% vs. the equal weight S&P +1%. S&P may be...
Early Update – Mega-Caps Lead
11:09 a.m. ET The main indices have come off their early highs after this morning’s economic data dump after the...
Afternoon Update
Most of the averages are very little changed, except Dow and Dow Transports are laggards, and Small Caps are leaders....
Market Update – Hawkish Fed Comments
2:12 p.m. ET The market celebrated Pelosi’s landing in Taiwan given there was no overt Chinese reaction, something the market...
Pelosi’s Plane Lands, Averages Hit Session Highs, VIX Fades
11:15 a.m. ET SP-500 -0.2%, Dow -0.6% (Transports -2.5%), NASDAQ-100 -0.1%, Small Caps +0.1% Treasuries have extended their losses, which...
Early Update – Waiting For a Plane To Land
10:29 a.m. ET By the time this post hits, Pelosi should have landed in Taiwan (expected around 10:20 a.m. ET)....
Afternoon Update
The averages themselves are very little changed with S&P-500 worst at -0.3%, while Dow Transports (+0.15%) and Small Caps (0%)...
Intraday Update – Back to the Morning’s Dynamics
1:41 p.m. ET In the Early Update I saw just 2 S&P sectors of 11 higher, but then mega-caps drove...
Early Update
10:57 a.m. ET My apologies the A.M. Update wasn’t out. I was in the middle of it when my 78...
Market Update – All About Earnings
1:16 p.m. ET It’s taken a while to dig through what’s driving the different sectors and today is more about...
Afternoon Update
A modest dip in all of the averages this morning, except Transports, and a little bigger dip in NASDAQ-100, has...
Market Update – All of The Averages Are Higher
1:24 p.m. ET At the end of the Early Update I wrote, “Heck, judging from index futures’ 3C charts, I...