Category: Intraday Market Update

11:45 a.m. ET While this morning’s Payrolls beat in a big way, marking 12 consecutive months of beats, many of...

Other than the instant dump of banks again at the cash open (a replay of Tuesday), the day has been...

12:46 p.m. ET The S&P is sitting right at last Wednesday’s low that I mentioned as the likely downside measured...

10:51 a.m. ET The S&P dropped at the cash open, reminiscent of Tuesday’s quiet pre-market and all heck breaking loose...

Most assets were chopping up and down during Powell’s presser with no direction. Looking at the U.S. Dollar Index (+0.5%),...

2:14 p.m. ET The Fed hiked by 25 basis points as expected to the 5% to 5.25% corridor. The reaction...

1:30 p.m. ET The stock market is little changed, albeit somewhat more positive with 9 of 11 sectors green. The...

10:52 a.m. ET In economic data since the A.M. Update, hard economic data is disappointing, while this morning’s soft survey...

As per the last post, the S&P came back down into the month-plus rectangle range, finding some support at $4100....

2:02 p.m. ET The averages have settled into a small consolidation as the S&P came down to $4100. The consolidation...

11:22 a.m. ET The open has been fast paced with a lot of news and data in this morning. In...

2:22 p.m. ET Since the Early Update the averages are very little changed. Dow Transports have added some gains from...

11:07 a.m. ET I read some of the details of the JPMorgan absorption of First Republic Bancorp assets from over...

2:30 p.m. ET The averages are following through on yesterday’s gains, despite a sizable decline in Amazon.com (AMZN -3.4%) after the company...

11:50 a.m. ET I’ve been digging deeper into this morning’s economic data. I don’t see anything that should alter expectations...

As we head into the close and Amazon earnings after the bell, the mega-cap index (MGK +2.65%) has broken out...