Intraday Update- Small Caps Getting Ready
3:06 p.m. ET In my last post I was bemoaning the lack of participation from Small Caps, but it looks...
Market Update
1:41 p.m. ET The market is having a good day, except Small Caps. The S&P is trading above $4400 which...
Early Update
11:14 a.m. ET Early trade has a bullish tone, but it’s quite mixed. Small Caps are out of favor which...
Afternoon Update
Real Quick, I’m not sure this is the “sell the news” aspect of the Fed pause, I actually expect that...
Intraday Update – S&P Green, Led by Tech
3:23 p.m. ET As I said in the last update, ” I don’t think the market is buying the hawkish dot-plot,...
Quick Update
Powell is speaking and I’m going to keep watching the market’s reaction, but I don’t think the market is buying...
Hawkish Pause
As expected, the Fed did NOT hike rates, but instead paused. Also as expected per my last update, the Fed wants...
Intraday Update: Pre- FOMC
1:06 p.m. ET 1Just a quick update… It was just Monday the S&P closed above $4300, and now it has...
Early Update – Mixed Ahead of The Fed
10:34 a.m. ET Early trade is mixed ahead of the Fed at 2 p.m. ET. The Dow is being weighed...
Afternoon Update
As we head into the close, not much has changed since the last update. The averages are still consolidating ahead...
Market Update
2:01 p.m. ET Small Caps continue to lead the way today in a broad-based rally with a pro-cyclical bias, but...
Early Update – Small Caps Rotate Back In
10:57 a.m. ET This morning’s CPI report keeps the Fed on track for no rate hike tomorrow. At last look...
Afternoon Update
Since the pivot from Small Caps to Mega-caps first reported last Wednesday in the Afternoon Update, mega-caps continue to offer...
Intraday Update – Mega-Caps Still Providing Leadership
2:50 p.m. ET The S&P is nearing a test of last Friday morning’s highs, which were led by the mega-caps...
New York Fed Consumer Survey Sees Near Term Inflation Expectations @ 2-Year Low As Economic Outlook Worsens
12:30 p.m. ET There’s not much in the way of U.S. macro data today, but the rest of the week...
Early Update – Mega-caps Still in Contrail As Small Caps Consolidate June Gains
10:55 a.m. ET The mega-caps are still in leadership from the first hints we got last Wednesday afternoon, as Small...
Afternoon Update
This is the last post of the day as always on Friday. The S&P dipped below $4300, but thus far...
More On the Eurodollar Futures Trade Idea
In Monday’s Daily Wrap I mentioned a long term macro trade or position (not a short term trade) in Eurodollar...
Early Update – Mega-Caps Lead S&P’s Breakout Above $4300
11:18 a.m. ET The market is fluid this morning and if I revise this post to reflect the most recent...
Afternoon Update
This afternoon’s update isn’t as exciting as yesterday’s signs of rotation from small caps to mega-caps today, but let’s see...