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...
Afternoon Update
Stocks ended the month of April downbeat, selling off right into the close. April wasn’t a great month to start...
Intraday Update
1:29 p.m. ET The S&P 500 is struggling with a -2.25% decline, as risk sentiment gets dialed back by disappointing...
Early Update
11:03 a.m. ET The averages are came off pre-market lows with Small Caps leading the way higher shortly after the...
Averages at Session Highs With Improving Internals and 3C charts.
1:59 p.m. ET All averages have made or are trading at new session highs, including Small Caps. There’s no doubt...
Intraday Update – Some Improving 3C charts or Buying Conviction
12:45 p.m. ET Since the last update there are numerous 3C charts displaying improvement and some buying conviction as all...
Market Update – Recession Watch
10:56 a.m. The S&P 500 is trading off early highs (+1.4%) with a current 0.3% gain. Cyclical stocks are holding...
Afternoon Update
The S&P 500 is up 0.4% to trade off prior highs (+1.6%). There just isn’t a lot of conviction in...
Intraday Update – A Couple 3C Divergences Forming
1:51 p.m. ET The S&P traded to new session highs in the last 60 minutes, but it has been a...
Early Update – Decent, but Dynamic Start
11:24 a.m. ET The averages got off to a fairly positive start, but have since faded gains and chopped around....