Intraday Update – Powell’s Interview Just Ended
2:54 p.m. ET Fed chair Powell just finished his interview with the WSJ. The averages pulled back off intraday highs...
Quick Intraday Update
12:59 p.m. ET Small Caps and Dow Transports are leading and performing the best, but gains are broad-based with 10...
Early Update
10:25 a.m. ET The averages are off to a decent start, breaking out of yesterday’s bullish consolidations. SP-500 +1.3%, Dow...
Market Update
2:38 p.m. ET As the day goes on, tone is getting better. Most of the averages are still trading in...
Bullish Consolidations
12:35 p.m. ET Since Friday’s strong day capping off a very weak week for stocks, the averages have been consolidating....
Early Update – S&P Consolidation Around $4k
11:07 a.m. ET Shockingly weak economic data out of China has the market on edge over growth concerns. JPM has...
Afternoon Update
The old adages of, “Sell the second Fed rate hike” and “sell in May and go away” have proven to...
Intraday Update -Short Sellers Taking Their Shot
2:12 p.m. ET The final hours of trade are going to be interesting. As mentioned this morning, the trend has...
Market Update – maybe time for some consolidation
12:53 p.m. ET The averages are putting in a strong performance, especially the tech heavy NASDAQ led by mega-caps and...
Early Update – Strong Start
10:34 a.m. ET The stock market is bouncing from a deep and long oversold condition to start the session....
Coming Off the Lows
It’s rather amazing to see the 2-year yield down 10 bp (Bullard less hawkish comments) and the 10-year down around...
Intraday Update – Very Volatile, Unstable Trade
2:02 p.m. I’m surprised how volatile today’s session has been and I’m not just talking about intraday swings in the...
Short Covering
11:18 a.m. ET SP-500 +0.3%, Dow -0.25% (Transports 0%), NASDAQ-100 +0.8%, Small Caps +1.6% In the Early Update I mentioned,...
Early Update – Change in Tone For Growth Stocks
10:48 a.m. ET In the A.M. Update, talking about Treasury yields, I said, ” These are the conditions that would...
Afternoon Update – Mega-Cap Weaknes
CPI data came in weaker than expected, upsetting market hopes that inflation may be peaking. Yet CPI did moderate from...
Intraday Update
It looks like the averages are about to come off their session lows. One notable development is today’s relative weakness...
Intraday Market Update
1:38 p.m. ET Intraday trade continues to be choppy since the CPI report when stocks fell to session lows, rallied...
Early Update – Nice Opening Rebound
10:50 a.m. ET Index futures had strong gains before the CPI report ruined investor’s hopes that we had hit peak...
Taking another Shot at Last Week’s Low With Mega-Cap Support
2:57 p.m. ET This morning when index futures were soaring higher, I mentioned a number of Fed speakers today that...
Intraday Update – Tech Relative Strength
12:41 p.m. ET Over the course of 2022 we’ve seen just how much yields matter to large-cap and mega-cap stocks,...