Category: Intraday Market Update

It’s pretty typical FOMC Drift trade (modest positive bias into FOMC) ahead of the FOMC decision at 2:00 ET and Fed...

11:44 a.m. ET A slow start indeed, typical of the FOMC drift. Value an Growth style factors are nearly the...

December second kicked off a “rotation” of sorts. At first I wasn’t sure if it was a rotation to Growth...

12:02 p.m. ET Mega Caps and Growth style factors are taking a minor break this morning, but that hasn’t stopped...

The market is following the last 2 weeks playbook – to ride mega caps through year-end at the expense of...

1:06 p.m. ET If you haven’t already, see my Early Update recapping Friday’s Afternoon Update. On the face of things,...

10:54 a.m. ET WTI crude oil has been chopping around in a range so long, it’s easy to fall into...

10:24 a.m. ET I want to set the stage with Friday’s Afternoon Update with regard to Small Caps this week....

Early gains at the index level led by Broadcom (AVGO) dissipated in the face of rising rates (progress on inflation...

142 p.m. ET Broadcom (AVGO +20.6%) was the story stock of the day, lifting S&P and NDX index futures. That’s...

1047 a.m. ET A lot of what I’m writing below is going to be familiar, but I think it’s important...

This morning I felt a little overwhelmed with several moves that seemed like mini-fires to be examined and extinguished, such...

1:59 p.m. ET This morning a few areas felt like they were on fire, and some haven’t resolve yet. WTI...

12:26 p.m. ET Sometimes time is all you need. WTI Crude’s earlier plunge that I mentioned on volume as it...

11:37 a.m. ET It’s a messy morning in a few areas. It seems like there’s a half-dozen fires in the...

As we head into the close with the SPX below $6100, Semis are coming off session highs along with the...

I today’s market action can be summed up in two words, it’s very easy – Mega Caps. There’s the only...

I’ve been hoping that gold would make another successful test and a higher low in the process. The next hurdle...

1216 p.. ET CPI was the final key economic data point for 2024 and it came in on the screws,...

We may not be getting huge price percent changes in the averages today, but we’re getting those sly, little noticed (outside of...