Early Update
10:20 a.m. ET The market is quite fluid this morning, but the takeaway is that stocks don’t like when the...
Afternoon Update
It has been a very quiet Monday, but not entirely surprising with key earnings (Apple and Amazon) as well as...
SLOOS: Loan Demand Falling Off While Lending Standards Rising
You know it’s a slow day when… we’re talking about the Fed’s SLOOS report (Senior Loan Officer Opinion Survey on...
Intraday Update
1:22 p.m. ET With the exception of Small Caps, all of the major averages range from unchanged to down modestly...
Early Update
11:33 a.m. ET Sorry this post is a little than later, but lots of charts to update. Interesting cash open,...
Afternoon Update
As I started the last post, “I’d sum up today’s price action as a correction of yesterday’s reaction to the...
Market Update and Look At The Health Care Sector
3:28 p.m. ET I’d sum up today’s price action as a correction of yesterday’s reaction to the uncertainty and potential...
Intraday Update – Mega Caps Lead
1:04 p.m. ET With yields down after the BOJ’s YCC “Tweak” was a non-event, many of the stocks that were...
Early Update – The BOJ Bounce
10:55 a.m. ET The gist of this morning’s price action can be summed up with one paragraph from last night’s...
Afternoon Update – Sell Off Continues
The 10-yr yield continues hovering around or above the key psychological 4.00% level. More to the point, up 15 or...
Market Update – 10-year Above Key 4.00%
2:42 p.m. ET Yields were already high and heading higher, but the news this afternoon that the Bank of Japan...
Yields Continue to Surge Into Double Digits – Mega-Caps Falter
1:24 p.m. ET If there was one big takeaway from 2022’s bear market, it’s that extremely richly, forward-looking valuations of...
Intraday Update – Mega-Caps Lead
12:41 p.m. ET Index futures’ prices have mostly reverted down to 3C. Dow futures (1m) all index futures had good...
Early Update
10:34 a.m. ET ****The market is quite fluid this morning. Rather than go back and update this post, I’m going...
Post Powell Afternoon Update
After Powell’s presser, the take seems to be slightly more dovish. The Dollar Index is down modestly (-0.3%), the Fed...
Fed Hikes 25 BP
2:17 p.m. ET The Fed raised the Fed Funds Rate by 25 bp in a unanimous decision. The new target...
Pre-FOMC Update – Mega Caps Weak, Banks & Transports Strong
1:22 p.m. ET We have less than an hour to go before the FOMC policy directive. A 25 basis point...
Early Update – Transports Reach Upside Target – Tech Breaks Trend Line
10:49 a.m. ET In economic data since the open, New Home Sales dropped -2.5% MoM (more than expected and the...
Market Update
3:26 p.m. ET With Microsoft and Alphabet earnings after the bell, it seems there’s some enthusiasm ahead of both. The...
Early Update
11:17 a.m. ET Economic data since the open: Consumer confidence jumped to 117.0 in July (consensus 111.5) from a revised...