Early Update – Unknown Weekend Risk Potential
11:47 a.m. ET Since the open, the preliminary reading for the University of Michigan Consumer Sentiment Index for October came...
Intraday Update – Weak 30-Year Treasury Auction Hits Stocks.
Ever since this morning’s CPI, yields have been higher and the U.S. Dollar Index (+0.7%) have been higher and that,...
Early Update – CPI Hits the Brakes
11:50 a.m. ET Since CPI this morning, yields and the Dollar Index have jumped and stocks have broadly declined. The...
Market Update – Consolidations Developing As Expected
2:56 p.m. ET The averages are mixed and little changed (typical of the consolidation expected to extend form yesterday). Mega-caps...
Early Update – Bullishly Biased Consolidation Supported By Mega-Caps
11:15 a.m. ET Bonds jumped in the early hours of the morning of another flight to safety as Israel said...
Afternoon Update
The market’s behavior remains a simple theme that we’ve seen for more than a year and a half – lower...
Intraday Update – Yields Continue Lower
1:10 p.m. ET I’ve been writing for weeks that for stocks to gain any upside traction, yields re going to...
Early Update
11:06 am. ET Of course it’s very early in the session, but after yesterday’s 1-day overbought internals on light volume,...
Afternoon Update
There’s not too much to add to what you already know. The only new information I have is that after...
Market Update – Holding Up Well
2:27 p.m. ET Despite the geopolitical angst triggered by the Israel/Hamas war, the stock market has not traded in a...
Early Update
11:05 a.m. ET Index futures are off overnight/pre-market lows into the cash session as the Israel-Hamas war over the weekend...
Market Update
1:44 p.m. ET The stock market had a rocky start to the session, with the S&P 500 and NASDAQ declining...
Jobs Report – A Closer Look at the BLS’s Magic
Once again, the BLS just can’t seem to be straight-shooting when it comes to employment data. There are so many...
Early Update – Mega-Caps to the Rescue
10:50 a.m. ET The averages and Treasuries have come up off the post-Payrolls a.m. lows. For the most part the...
Afternoon Update
Heading in to the close, there’s absolutely nothing new to add. We have a ow conviction environment that is the...
Intraday Update – H&S Bear Flags
2:40 p.m. ET The major averages are mixed and little changed. Conviction remains extremely low, which is typical of a...
Early Update
11:02 a.m. ET It’s pretty rare that I don’t have a pulse on the market in the near term such...
Afternoon Update
The stock market is getting a much needed reprieve from deeply oversold levels and the decline in yields today is...
Intraday Update – Better Tone As Yields Fall More
12:54 p.m. ET As much as I hammer home the point daily that yields are highly inversely correlated with stocks...
Early Update – Lower Yields
11:20 a.m. ET We have some additional economic data since the open and the theme is stagflation. The S&P Global...