Intraday Update – Tariffs Announced, I Guess…
211 p.m. ET I think we were all expecting a 1 p.m. news conference from President Trump. Hasn’t happened, but...
Reciprocal Tariffs On the Way
12:39 p.m. ET Today has been a busy day already (mostly on the political and geopolitical fronts, but economic data,...
Afternoon Update
It’s been an interesting day with inflation coming in hotter than expected, the Republican House of Representatives budget and tax...
CRB Index Breaking Out
103 p.m. ET This certainly won’t help the next CPI report…...
A Lot To Consider – HOT CPI, $4.5 Trillion Tax Cut
1259 p.m. ET There’s a lot of movement so far today. It’s not just CPI, but Powell speaking and several...
Afternoon Update
It’s still a pretty quiet, mixed day for the major averages with Small Cap underperformance. SPX 0%, DJIA +0.25% (Transports...
Early Update – Oil Getting Interesting – Powell Testifies
1231 p.m. ET I’m trying to multi-task this morning, listening to Powell’s testimony before Congress (day one of the 2-day,...
Afternoon Update
There’s been very little movement in the averages, S&P sectors or style factors since the earlier market update. (2m) There...
Market Update – Fairly Calm, Some Inflationary Commodities
1240 p.m. ET Friday the market was getting ugly and looking like an ugly Monday morning in what’s become a...
Afternoon Update
The stock market started the session on neutral footing. The major indices were moving higher early on, bolstered by mega...
Early Update – Inflationary Data
1257 p.m. ET I didn’t want to get too much into the Payrolls report given there’s a lot to pour...
Intraday Update
302 p.m. ET Here we are in today’s “slowed”, virtually flat market… SPX (1m) today in yellow. SPY’s (1m) short-term...
In “Wait & See” Mode
1215 p.m. ET Yesterday afternoon 3C showed that price momentum was fading in the post, “Slowing..” So far this morning,...
Afternoon Update Gold, Crude and Copper
Gold added to its gain today. I don’t love the volume. Gold futures (3m) I think the best thing Gold...
Intraday Update – Slowing
257 p.m. ET Hot-Take incoming… The 10-yr yield is down -9bp (2-yr down -3bp). There’s an economic growth scare taking...
Market Update – Small Caps Lead
1254 p.m. ET We got a lull in trade war related news yesterday. That has ramped back up today, and...
Afternoon Update
Alphabet (GOOG +2.85%) trades up ahead of its earnings report this afternoon. Along with a gain in Meta Platforms (META...
Alphabet Earnings After The Close
3:03 p.m. ET We have 2 more of the Mag-7 stocks reporting this week, bringing the total to 6 by...
Rotation & a Lot of Back-Testing, Gap Filling
12:31 p.m. ET Today is going pretty much as expected with our normal day-to-day rotation between value and growth. Mega...
Afternoon Update
3:48 p.m. ET Today’s trade has been volatile as market participants react to incoming headlines. Tariffs on Mexico, Canada, China...