Market Consolidates, Fed Officials Have Effect, and Resurgent Inflation Risk
11:40 a.m. ET Trading desks are emptying out and running skeleton crews as the holidays draw near, but as we...
Market Update
2:09 p.m. ET Today’s massive op-ex is fairly uneventful. Gains in the mega cap space have supported index level performance,...
Early Update
11:00 a.m. ET Most stocks opened lower on this huge ($4.9 trillion notional) option expiration. We may very well see...
Afternoon Update
We’re going to get a few interesting daily candles as of the close, at least the way it looks now...
Market Update – Time To Pay Attention To Price
2:12 p.m. ET SP-500 -0.05%, Dow +0.1%, (Transports +1.55%), NASDAQ-100 -0.5%, Small Caps +2.1% Today saw a second day of...
Early Update
11:29 a.m. ET Since the open, Business inventories fell 0.1% in October following a 0.2% increase in September (revised lower...
Afternoon Update -DOVISH, DOVISH, DOVISH
There was no Powell “hawkishness”. Powell mentioned nothing regarding the easing of financial conditions. In fact, Powell said the Fed...
DOVISH Policy Statement/SEP
2:20 p.m. ET The Wall Street whisper as per the last post, “The whisper talk is that stocks spike higher ...
Pre-FOMC Update
1:38 p.m. ET We’re about 20 minutes away from the FOMC. The stock market had been trading higher a short...
Another Cohort Set To Sell
1:12 p.m. ET November’s rally was almost the perfect storm, between hedge funds the most net short on record (2010)...
Early Update – Defensive Bias
11:31 a.m. ET The averages gave back some of the pre-market PPI pop, roughly a +0.1% additional gain in pre-market...
Afternoon Update
S&P is up our consecutive days. It’s above $4600, and while price gains aren’t huge, price is going more vertical....
Gold Update
2:56 p.m. ET At the risk of receptiveness, I am pretty sure you know that while I had no issue...
Intraday Update
1:53 p.m. ET Yields dropped in the wake of the 1 p.m. 30-year Treasury auction, 10-year yield (10m) and the...
Early Update – Very Modest Follow-Through
11:23 a.m. ET The averages are adding a little to yesterday’s breakouts above levels I identified Sunday, but gains are...
Afternoon Update
The S&P is about 0.4% above $3600. The Dow is +0.35% above its bullish ascending triangle consolidation and the $36,200...
Intraday Update – My Levels Being Probed
1:47 p.m. ET The S&P is about 0.35% above $4600. SP-500 10m) The question you may wonder about (as do...
Early Update – Mega Caps Lag By 150 BP
11:29 a.m. ET Most of the averages are hovering around unchanged to start the week with some key data (CPI...
Early Update
11:53 a.m. ET According to Godman’s Payrolls matrix, the market should be flattish today, a quarter percent on either side...
Afternoon Update
Yields are mixed/flattish. The major averages are green with the benchmark S&P +0.75% and most of the other averages the...