Category: Intraday Market Update

11:31 a.m. ET There’s a lot shifting around and rather than write and rewrite this post, I’m going to get...

Most of the averages are pretty close to unchanged as the S&P goes into a 4th consecutive day in which...

1:43 p.m. ET Unlike yesterday auction, today’s 7-yr Treasury auction had a poor showing. However, even before that long term...

12:03 p.m. ET It’s been a very a fluid morning in the market due to some contradictory Fed-speak. I’ve had...

3:15 p.m. ET A solid 5-year Treasury auction (1 pm ET) sent yields lower. The 2-year is down -5 bp...

11:36 a.m. ET It’s a pretty low conviction start to the new week, out of the holiday period. Most averages...

11:10 a.m. ET There’s one surprising development this morning that’s actually important. I wouldn’t expect it on a half day....

2:33 p.m. ET UNG is looking modestly decent here as it tests the June low for a second day. I...

1:59 p.m. ET I’ve watched 3C for so many years, I sometimes get a feel for things that haven’t quite...

11:35 a.m. ET While still up decently enough, S&P and NASDAQ-100 have given up about half of early opening gains....

3:43 p.m. ET Since the FOMC Minutes, bond yields have come down a bit more (2y  -2.5 bp and 10y...

2:15 p.m. ET At first glance, the FOMC minutes seem a little more hawkish: FED MINUTES: ALL ON FOMC AGREE...

1:43 p.m. ET In about 15 minutes the Minutes from the last FOMC meeting will be released. The general consensus...

11:23 a.m. ET Existing Home Sales (10 a.m. ET) were not pretty. Total existing home sales SAAR dropped to -3.79mm...

2:38 p.m. ET The market is acting modestly bullish as expected for the holiday shortened week and consider how the...

11:25 a.m. ET I expect the week will have a modest bullish bias, but dull as a holiday shortened week....

11:30 a.m. ET As suspected in the A.M. Update, “S&P futures are up +0.2%, but a little bump in rates...

3:01 p.m. ET I’m not a fan of dull days that aren’t actually doing something insightful. A consolidation day can...

11:28 a.m. ET What we’re seeing, despite favorable yields for stocks, is a market that struggles for direction without short...

S&P futures are unchanged. Negative reactions to earnings news from Walmart (WMT), Cisco (CSCO), and Palo Alto Networks (PANW) have...