Category: Intraday Market Update

2:00 p.m. ET Yields that rose ahead of the debt ceiling deal between Biden and McCarthy this weekend, are coming...

11:29 a.m. ET The market had a decent, but mixed open as was apparent by index futures in pre-market with...

1:19 p.m. ET The benchmark index is trading just above $4200. This is the 6th day the index has at...

11:33 a.m. ET This update took a while as there’s a lot to cover, but the gist is the market’s...

3:31 p.m. ET Around 2 p.m. news broke that President Biden put forth a plan to freeze spending for 2...

12:59 p.m. ET Mega-Caps are providing huge support to the cap-weighted indices, while the debt ceiling is causing extremely weak...

10:57 a.m. ET The gist of the morning’s early trade is NVDA lifted the S&P and NASDAQ-100, but the debt...

3:34 p.m. ET As we near the close, tone is improving, especially in the mega-caps/NASDAQ-100. SP-500 -0.35%, Dow -0.4% (Transports...

2:13 p.m. ET There’s actually quite a lot in the Fed Minutes, but it seems no major surprises as the...

12:23 p.m. ET As mentioned, toward the bottom of the Early Update , I took a look at the Dollar/ and...

11:29 a.m. ET The averages are coming off their morning lows rather quickly, after the following: DEBT-LIMIT NEGOTIATORS TO MEET...

11:02 a.m. ET Yesterday we saw the more economically sensitive groups, Regional Banks and Small Caps outperform. This morning that...

3:09 p.m. ET With the exception of the lightly weighted Energy sector, all other S&P sectors are in the red....

1:26 p.m. ET SP-500 -0.5%, Dow -0.1% (Transports +0.45%), NASDAQ-100 -0.65%, Small Caps +0.45% In the latest news on the...

11:25 a.m. ET Debt ceiling uncertainty remains top of mind for market participants. House Speaker Kevin McCarthy in closed door meeting...

The averages dipped a little heading into the close, but it’s very consistent with the consolidative price action we’ve seen...

2:28 p.m. ET Uncertainty about a debt ceiling deal has led to a lack of conviction on the part of...

10:48 a.m. ET There were reports of an explosion near the Pentagon circulating on social media and these briefly hit...

1:21 p.m. ET SP-500 -0.1%, Dow -0.25% (Transports -0.75%), NASDAQ-100 -0.2%, Small Caps -0.65% It’s still a bit on the...

12:04 p.m. ET First, the Powell/Bernanke panel came off very dovish. The U.S. Dollar Index  and Treasury yields came down...