Category: Intraday Market Update

12:49 p.m. ET “Sell the news” vibes surround the Trump/Xi summit, but the real driver is unwinding this week’s mega-cap...

I was surprised at a lot of what I heard in Powell’s press conference. The Fed, as contentious as the...

2:48 p.m. ET There are quite a few interesting tidbits in Powell’s presser so far, but the one that moved...

2:16 p.m. ET As expected: Fed cuts the FFR by -25bp  to 3.75%-4.00%. There were two dissents: Trump’s temporary pick,...

12:58 p.m. ET Today has the very real potential of being extremely fluid and dynamic, between the Fed, 3 mega...

The majority of S&P sectors are lower (8 of 11) and presently 370 of the S&P-500 components are lower.  The...

1:26 p.m. ET Broadly speaking, Tech names are still providing leadership while the broader market largely moves lower, while a...

Not much has changed at the index level. The S&P 0.15% higher since the last update. The cash session range...

12:56 p.m. ET Stocks are catching up to the weekend trade deal optimism reflected in Bitcoin Sunday with a +2.6%...

Here’s the article from the Bank of England for those interested. “‘AI stocks’ comprise a growing share of the market...

There hasn’t been much movement for the major averages in today’s dull cash session. Most gains were futures overnight and...

1:20 p.m. ET CPI was below consensus on a MoM and YoY basis. YoY CPI (3.0%) was the hottest since...

President Trump is speaking live to make an announcement that seems to be about cartels, but there are reports of...

1:40 p.m. ET The day has been filled with reactions to earnings, constantly contradicting headlines about the White House’s intentions...

The game is still afoot. As illustrated last night, even after 7-days or correction/consolidation/short covering, all of the SPX’s price...

1:21 p.m. ET Last night I mentioned the Momentum style factor was under pressure, with Goldman Sachs mentioning the same....

Apart from a few earnings-driven moves in S&P sectors, the stock market was lackluster today, with short-term overbought conditions yesterday...

1:40 p.m. ET I’m bringing this to your attention given the SPX/NDX are stalled near Oct. 10th highs. TRUMP: MAYBE...

12:47 p.m. ET After yesterday’s 1-day overbought internals, the market is struggling to find direction. The few standouts are sectors...

  It’s amazing to me how quickly this market reaches deep oversold levels. We saw it happen in a single...