Category: Intraday Market Update

Mega-caps are acting a lot better today than yesterday. With today’s PPI softness confirming yesterday’s CPI softness, we have a...

2:25 p.m. ET Before I get into this post I just want to make clear a couple of things so...

12:59 p.m. ET In reaction to my Daily Wrap post’s title yesterday, “Inflation is Yesterday’s News”, San Francisco Fed President,...

11:08 a.m. ET This morning is starting out very similar to yesterday morning. Falling inflation pressures are behind falling yields...

1:23 p.m. ET Mega-cap heavy sectors have faded from the top of the leaderboard to 4th, 5th and 6th place...

11:19 a.m. ET A month ago or so (I’ll find the excerpts and post them tonight) I said that inflation is...

There’s really not much change since the last update, or in fact since the Early Update with the exception of...

2:07 p.m. ET Thus far today’s trade is similar to yesterday’s. There’s a more pro-cyclical bias. Value style factors are...

11:40 a.m. ET Small Caps are putting in decent performance again as my Most Shorted Index sees short covering this...

For the most part the major averages are little changed. Mega-caps are lagging the S&P Equal Weight index by over...

2:18 p.m. ET A drop in yields is supportive for equities today. Usually a drop in yields would benefit the...

11:21 a.m. ET   Apologies, I posted this at 11:21, but it seems it didn’t publish. This morning is picking...

As always on Friday, this will be my last post of the day. I may post a video this weekend,...

12:44 p.m. ET As discussed yesterday, sharp 1-day oversold internals can alleviate oversold conditions through price (a correction/bounce) or through...

10:29 a.m. ET Since this morning’s Payrolls negated the less reliable ADP, and we had 1-day oversold internals, the averages...

I always say, “A Day Is Not A Trend”, and today is no different. It’s an ugly day, but it’s...

1:41 p.m. ET The averages have bounced off session lows and the S&P has just climbed back above $4400. For...

11:19 a.m. ET We have an active market this morning, but this is also a fairly heavy day of economic...

Heading into the close, the dynamics are the same as the Early Update. Most of the averages are very little...

2:51 p.m. ET As mentioned in the last post, the Fed is not going to let up on their hawkish...