Market Update
3:09 p.m. ET The equity market is locked up in a waiting game. I expect most of that wait is...
Early Update – Crude Breaks Out
11:45 a.m. ET So far the tone of the equity market this morning, is very similar to yesterday. There is...
Afternoon Update – A Dull, “Wait and See” Day, But Not Without Insights
The averages are mixed and mostly within a third of a percent of either side of unchanged. Dow Transports (-0.85%)...
Markets In Wait and See Mode
12:35 p.m. ET The averages are all basically flat. Looking at some videos and various news items, it appears Iran’s...
Afternoon Update
News and events are flowing fast today, even as I write, things are changing. Crude Oil has been just crazy;...
Iran Launched Over 100 Ballistic Missiles At Israel
1:18 p.m. ET I don’t know if this is an April, “Just for show” type of retaliation from Iran, but...
Early Update – Risk Off and Q4 Picks Holding Up Well
11:25 a.m. ET Last night I went to bed, feeling like there was too much happening that the equity market...
Risk Off on Iran Retaliation News
10:01 a.m. ET I could barely believe the price of Oil this morning, all things considered. As soon as the...
Afternoon Update
This afternoon got interesting real quick. At first glance Powell’s hawkish-leaning comments may seem like the Fed chair pushing back...
Powell’s Hawk-Talk Sending Markets Lower
2:36 p.m. ET Powell is talking the market back from its perhaps, overenthusiastic view, of the Fed’s rate path of...
Powell Hawkish Speak
As Powell has been speaking, yields, especially at the shot end, are rising. The market’s pricing for a 50 bp...
Powell About To Speak Live
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Early Update -Phoning It In
12:24 p.m. ET The market is very dull this morning. Most of the averages are flat on the day. S&P...
Afternoon Update
As we move in to the close, the triangle consolidations come to an apex at the end of the day...
Triangles Coming To An Apex
1:21 p.m. ET SP-500 -0.1% Dow +0.4% (Transports +0.7%), Nasdaq-100 -0.45%, Small Caps +0.8% SPX (5m) This triangle comes...
Afternoon Update
We’re not going to get an ugly close. SPX (5m)NDX (5m) But is this really the most bullish morning of...
Market Update – The Most Bullish Morning of the Year?
2:05 p.m. ET After 2 consecutive days of the PBoC’s simulative monetary policy actions, last night the politburo conducted their...
Afternoon Update
With effectively 1 stock (Nvidia) trying to sponsor a breakout in the SPX/NDX, it didn’t get far as you can imagine....
Commodities Update
Copper and Gold are consolidating bullishly. Silver is on the verge of a meaningful breakout that only adds to inflationary...
Early Update – Pitiful Breakout Attempt?
I’m going to keep this post focused on stocks, and follow up next with a post on commodities next. They...