Afternoon Update – Looking Better
The market’s rebound off multi-month lows is going pretty well as the day goes on and yields continue a modest...
Market Update
1:03 p.m. ET Yields and the Dollar are coming down, stocks are rising. The timing, at least in yields, is...
Early Update
10:48 a.m. ET The market opened the cash session with some decent broad-based support, but it’s been a narrow ranged...
Afternoon Update
The market is looking better intraday, but 10-year yields are at 4.61% and that’s not helpful for sustaining any kind...
Early Update – 10-year Test Extremely Important
11:25 a.m. ET ***As is often the case, this post is a difficult one because the market changes so quickly...
Afternoon Update
At present, it looks like it’s going to be an ugly close, but what’s really important from the big picture...
Intraday Update – CTA’s Deleveraging
2:11 p.m. ET Today’s negative bias has been fueled in part by JPMorgan Chase CEO, Jamie Dimon, who told the Times...
Early Update – Market Ugly, But Testing
10:54 a.m. ET It’s an ugly start to the day, but as you read down through the post, I think...
Afternoon Update
It’s pretty rare for me not to have several posts in the cash session by this time of day, but...
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...