Intraday Market Update
2:24 p.m. ET Since early market action, Treasury yields backed off their highs in the wake of economic data this...
Early Update – Averages Pause, Value Outperforms
11:03 a.m. Yields are higher after this morning’s economic data, which put a dent in risk sentiment as it came...
Intraday Market Update
2:16 p.m. ET Large-cap growth stocks are pacing the gains today as bond yields remain behaved. Small Caps are improving...
Early Update – Not a Bad Start
10:46 a.m. ET The averages have tacked on some gains since the cash open. Yields remaining relatively under control, and...
Afternoon Update
Monday we got seller’s exhaustion or capitulation and since then price has been in a correction (except small caps) with...
Market Update -Small Caps Testing Morning Lows Soon
2:30 p.m. ET Yields are down between 1 and 3 bp as the Fed’s preferred measure of inflation came in...
Early Update
11:11 a.m. ET The averages are off their worst levels of the morning. And they’re trading just under the bear...
Afternoon Update – Reading the Tea Leaves
Since the last update expecting Small Caps to test Monday’s low and the S&P, Dow to follow NASDAQ-100 and test...
Test of Flags
1:29 p.m. ET Intraday price action remains volatile. Each of the major indices started the session up between 1.6-1.8% in...
Early Update
11:06 a.m. ET As touched on in the overnight section of last night’s Daily Wrap looking at Treasury futures, yields...
Afternoon Update
The market’s response to the FOMC statement was “blah”, but hawkish during Powell’s presser. Powell is finally faced with the...
FOMC Knee Jerks Reactions
2:32 p.m. ET Not much change. Asset purchases (QE) to end in early March Start of a hiking cycle “soon”...
Pre-FOMC Market Update
1:27 p.m. ET The averages have settled in to a lateral intraday range holding gains. The FOMC is up next...
Maret Update – Rebounding, but Nothing Much Changed.
10:48 a.m. ET The averages got off to a good start, but have faded since the open. The S&P was...
Afternoon Update
Over the last hour or so most of the major averages put in another decent intraday rebound, not as spectacular...
Intraday Update – Yields Up, 3C Improving
1:50 p.m. ET SP-500 -1.05%, Dow -0.3%, NASDAQ-100 -1.95%, Small Caps -1.3% Two quick developments and their on opposite sides...
Early Update
11:15 a.m. ET This morning looks similar to yesterday morning in which retail unloaded a lot of shares before buyers...
Afternoon Update – Capitulation
There will be no Daily Wrap tonight. My girlfriend puts up with my late-night week work hours without complaint and...
Market Update – Capitulation Looking More Likely
1:47 p.m. ET The S&P entered what the blue-pill financial media calls a correction, down 10% from the highs. Meanwhile...
Early Update – Potential Capitulation Event
10:14 a.m. ET U.S. PMI’s came out after the open. Manufacturing PMI dropped from 57.7 to 55.0 (worse than the...