Category: Intraday Market Update

The Fed unanimously raises benchmark rate 25 basis points to 3.75%-4% range as expected for the first time since July...

  Averages The averages’ gains fit right in with the typical FOMC Drift the day of the meeting. The one average...

Crude prices are the central headwind, leading to higher yields, weighing on equities, but the day has been duller under...

WTI crude is up +2.85%, reversing higher around the cash open and surpassing overnight highs. News broke that Saudi Arabia...

Two fronts have been pressuring stocks to start the new week, energy prices and conversation around slowing down the pace...

Every day this week (until today) has had a 1-day oversold internals feel, we just haven’t technically gotten there because...

My apologies, I’m having the strangest internet connection issues, whether via WIFI or mobile hotspot. For a third consecutive day,...

As noted in Tuesday’s market wrap, Iran hit a U.S. base in Jordan and stepped up attacks on U.S. regional...

The early reports were right. Two Iranian tankers have been struck off Kharg Island, and a third was hit near...

Several explosions have been heard near the Kharg Island anchorage, according to Iranian media. This comes shortly after reports that...

The averages are generally lower, pressured by an increase in oil prices. WTI crude oil futures are +1.5% higher after...

The major averages are set to close out the week a little mixed, but the bigger takeaway is, largely unchanged....

A much stronger than expected Payrolls report was not the ideal, “Goldilocks” scenario described in Thursday’s market wrap. With Payrolls...

Given the mega cap 3C positive divergences and the Fed’s Waller opening the door for mega caps to take over...

Equity futures pointed to a modestly lower opening in premarket this morning, until the 8:30 a.m. ET data dump and...

Both the 10-year yield and crude oil prices pulling back from their overnight highs helped alleviate some of the pressure...

Things are happening fast. While I was going through the last post, the US launched a second round of strikes...

President Trump posted on Truth Social, Iran’s military leadership said it will “inflict devastating and crippling blows” in response to...

Higher oil prices and Treasury yields continued to pressure equities this morning. A Bloomberg gauge of global sovereign yields rose...

Escalating U.S.-Iran hostilities and higher oil prices set the tone in thinner pre-holiday conditions. Weakness is broad as the latest...