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...
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...