Afternoon Update
Wow, slow day in the markets today. Mega caps are pretty much the only thing supporting index performance, and even...
Early Update – Ugly Under The Hood
12:37 p.m. ET I’m going to go through the normal stuff of this post, but add some additional charts I...
Afternoon Update
A strong $22 billion 30-yr bond reopening sent yields lower and more S&P sectors moved into the green, but mostly...
Intraday Update – Stocks Near Session Lows, But Yields Lower
1:14 p.m. ET The major averages remain near session lows, but yields have moved lower. S&P futures (2m) and 10-yr...
Early Update
11:41 a.m. ET The market has a recessionary feel this morning with the economically sensitive averages underperforming, while those with...
Afternoon Update – Hawkish Fed
The major indices are heading lower after the conclusion of Fed Chair Powell’s press conference. The S&P 500 trades near...
Hawkish FOMC
The Fed left the Fed Funds rate unchanged as expected and said it won’t be appropriate to cut until the...
Afternoon Update
That last intraday post was right on. Honestly it’s still a crap day for the market of stocks. 9 of...
Intraday Update – Yields Lower
1:46 p.m. ET The results of a $39 billion 10-yr note reopening met stellar demand, snapping a streak of poor...
Afternoon Update
Apple is not looking great into the close. In fact, it’s looking like a bearish intraday consolidation, after introducing “Apple...
Apple Sinks on AI
3:21 p.m. ET Apple (AAPL -1.6%) dropped further into negative territory after introducing its AI feature, “Apple Intelligence” at its...
Market Update +0.15% Across the Board
2:27 p.m. ET There’s not a lot of conviction today in front of some market-moving events this week. This week...
Early Update
12:08 p.m. ET The market is off to yet another mixed start, partly due to modestly higher rates, a stronger...
Afternoon Update
The averages are mixed and seemingly little changed, except for economically sensitive Small Caps, which briefly went red year-to-date (right...
Early Update – Yields and Dollar Jump, Averages Holding Up Fairly Well
12:22 p.m. ET The equity market is mostly little changed at the index level, with the exception of Small Caps....
Market Update
2:49 p.m. ET The market continues to trade in mixed fashion today. There’s not a lot of conviction following record...
Higher Rates Coming?
1:01 p.m. ET WTI Crude Oil is up +2% and seems to have negated, or at least diminished the probabilities...
Early Update – Low Conviction Trade
11:36 p.m. ET The stock market opened mixed after several new record highs yesterday. There’s not a lot of conviction...
Afternoon Update
Today has been a strong day at the cap-weighted index level due to gains in mega-caps (MGK +1.8%) and semiconductors...
Early Update – Recession Fears Recede (Sort Of)
12:32 p.m. ET We had an ugly start to the session, but a nice rebound. While the market didn’t knee-jerk...