Intraday Update – Higher Yields Keep Pressure on Stocks
2:44 p.m. ET The 2-year yield is up five basis points to 5.14%. The 10-yr yield is up ten basis...
Early Update – Higher Yields Weigh On the Market & Mega-Caps Catch Down
11:21 A.M. E.T. The market this morning, is acting much more like I would have expected yesterday as yields soared....
Intraday Update
1:27 p.m. ET The averages are trading at session lows, although NASDAQ-100 continues to outperform with mega-caps outperforming, but they...
Early Update – Mega Caps Outperform Despite Higher Yields
11:20 a.m. ET We’ve had some economic data since the A.M. Update. U.S. manufacturing data was expected to rise from...
Intraday Market Update
2:35 p.m. ET The averages, or most, got off to a decent start on this final day of Q3, but...
Early Update – A Correction and Consolidation
11:43 a.m. ET When price gets overdone (overbought or oversold) there’s two ways to work it off, through price (bouncing...
Afternoon Update – Looking Better
The market’s rebound off multi-month lows is going pretty well as the day goes on and yields continue a modest...
Market Update
1:03 p.m. ET Yields and the Dollar are coming down, stocks are rising. The timing, at least in yields, is...
Early Update
10:48 a.m. ET The market opened the cash session with some decent broad-based support, but it’s been a narrow ranged...
Afternoon Update
The market is looking better intraday, but 10-year yields are at 4.61% and that’s not helpful for sustaining any kind...
Early Update – 10-year Test Extremely Important
11:25 a.m. ET ***As is often the case, this post is a difficult one because the market changes so quickly...
Afternoon Update
At present, it looks like it’s going to be an ugly close, but what’s really important from the big picture...
Intraday Update – CTA’s Deleveraging
2:11 p.m. ET Today’s negative bias has been fueled in part by JPMorgan Chase CEO, Jamie Dimon, who told the Times...
Early Update – Market Ugly, But Testing
10:54 a.m. ET It’s an ugly start to the day, but as you read down through the post, I think...
Afternoon Update
It’s pretty rare for me not to have several posts in the cash session by this time of day, but...
Early Update – Market Tone Modestly Improving
11:42 a.m. ET After last week’s very ugly second half of the week, Friday we saw the averages losing downside...
Market Update – Market Needs A TEST
1:51 p.m. ET ***It can take some time to capture all these charts and write up the post so a...
Early Update
10:33 a.m. ET Things are going the way I hoped they would as ex[pressed in yesterday’s Daily Wrap. The gains...
Afternoon Update
Picking up from the last post, we’re there. The S&P has now traded down to its H&S neck line, nearly...
Intraday Update
1:51 p.m. ET It looks like the day is losing downside momentum. Yields are still higher with the 2-year +2bp...