Early Update – Another Major Index Reaches Its H&S Neck Line & S&P Close to the Same
11:29 a.m. ET Since the open, Existing home sales were worse than expected, decreasing -0.7% month-over-month in August (expected to...
Afternoon Update
There’s only one take of today’s across multiple asset classes and that’s hawkish. Powell’s press conference was hard to watch...
Post FOMC Update – HAWKISH
Here’s the quick look… SP-500 (1m) reaction to the Fed – and we have confirmation in fixed income and currencies…...
Pre-FOMC Update
1:46 p.m. ET The FOMC drift (the averages drift higher into the FOMC, one reason as covered last night is...
Early Update
11:13 a.m. ET SP-500 +0.25%, Dow +0.55% (Transports +1%), NASDAQ-100 -0.1%, Small Caps +0.65% There’s not enough movement in price...
Afternoon Update
From the perspective of how the market behaves around Fed events, I don’t have anything to add to the last...
Intraday Update – Yields Off the highs, Averages Off the Lows
2:24 p.m. ET The averages are coming off he lows of the day. Part of the reason is that US...
Early Update
11:18 a.m. ET In to the cash open, Canadian CPI came in hotter than expected. Headline CPI for Canada printed...
Afternoon Update
I’m starting on this one a little early. I don’t see much changing, but the close is always important as...
Inrtaday Update
1:13 p.m. ET Being there’s virtually no conviction ahead of the Fed Wednesday, it seems the market might as well...
Early Update – VERY DULL START
10:54 a.m. ET The NAHB Housing Market Index dropped to 45 in September (consensus 50) from 50 in August, making...
Market Update – UGLIER
1:50 p.m. ET SP-500 -1.1%, Dow -0.7% (Transports -0.5%), NASDAQ-100 -1.7%, Small Caps -1.2% Yields aren’t up that much right...
Early Update – Market Action Getting Ugly
11:32 a.m. ET The preliminary reading of the University of Michigan Consumer Sentiment Index for September came in at 67.7...
Value Outperforming Growth As Yields Rise Again
2:33 p.m. ET Yields aren’t up huge, but the 2-yr is up +2 bp just above 5.00%, the 10-yr is...
Early Update
11:25 a.m. ET Yields moved back toward the the highs of the brief spike around this morning’s PPI early in...
Market Update – Bearish Tone Continues and Intensifies
3:29 p.m. ET Overall it’s still a dull day in terms of any notable developments with regard to the bear...
Market Update
12:17 p.m. ET CPI was a non-event, which leaves tomorrow’s PPI the most important economic data point for the rest...
Afternoon Update
The averages are either in bear flags like the Dow or Small Caps… (5m) Or they’ve started to break under...
Early Update
11:08 a.m. ET The bear flags remain in all of the averages with some extra validation of the trend lines...
Intraday Update
3:25 p.m. ET Just a quick note. As we head into the close, the S&P is currently sitting above its...