Market Update – Hawkish Fed Comments
2:12 p.m. ET The market celebrated Pelosi’s landing in Taiwan given there was no overt Chinese reaction, something the market...
Pelosi’s Plane Lands, Averages Hit Session Highs, VIX Fades
11:15 a.m. ET SP-500 -0.2%, Dow -0.6% (Transports -2.5%), NASDAQ-100 -0.1%, Small Caps +0.1% Treasuries have extended their losses, which...
Early Update – Waiting For a Plane To Land
10:29 a.m. ET By the time this post hits, Pelosi should have landed in Taiwan (expected around 10:20 a.m. ET)....
Afternoon Update
The averages themselves are very little changed with S&P-500 worst at -0.3%, while Dow Transports (+0.15%) and Small Caps (0%)...
Intraday Update – Back to the Morning’s Dynamics
1:41 p.m. ET In the Early Update I saw just 2 S&P sectors of 11 higher, but then mega-caps drove...
Early Update
10:57 a.m. ET My apologies the A.M. Update wasn’t out. I was in the middle of it when my 78...
Market Update – All About Earnings
1:16 p.m. ET It’s taken a while to dig through what’s driving the different sectors and today is more about...
Afternoon Update
A modest dip in all of the averages this morning, except Transports, and a little bigger dip in NASDAQ-100, has...
Market Update – All of The Averages Are Higher
1:24 p.m. ET At the end of the Early Update I wrote, “Heck, judging from index futures’ 3C charts, I...
Early Update
10:40 a.m. ET The Averages trade lower after Advance Q2 GDP confirms a recession with a contraction of 0.9%, the...
Afternoon Update
In a nutshell, Powell basically said now that the Fed front-loaded rate hikes and got to neutral, they’;re going to...
Powell – Likely Appropriate To Slow Increases At Some Point – DOVISH!!!
2:51 p.m. ET Here we go, Powell is surprising to the dovish side. The U.S. Dollar Index is now down...
FOMC 75 bp Hike As Expected
2:21 p.m. ET The Fed hiked by 75 bp and said that ongoing increases will be appropriate. The decision was...
Intraday Update -Pre FOMC
1:18 p.m. ET With less than an hour to go before the FOMC, most of the averages are holding up...
Early Update – Big Tech Stick Saves The Market
11:20 a.m. ET SP-500 +1.35%, Dow +0.4% (Transports -0.1%), NASDAQ-100 +2.65%, Small Caps +0.95% The major averages are back above...
Afternoon Update
While not having a stellar day by any means, the major averages, most notably Dow Transports and the S&P-500, tested...
Market Update
1:21 p.m. ET SP-500 -1%, Dow -0.35% (Transports -1.65%), NASDAQ-100 -1.75%, Small Caps -0.5% The NASDAQ-100, Dow and S&P made...
Early Update
10:35 a.m. ET SP-500 -0.75%, Dow -0.3% (Transports -1.5%), NASDAQ-100 -1.5%, Small Caps -0.8% The mega-caps (-1.55%) are a source...
Afternoon Update
Since the last update the market did trade down to session lows, that was only down -0.5% for the S&P,...
Market Update
2:45 p.m. ET I’m checking in, but it’s pretty amazing how little has changed since the Early Update. SP-500 -0.1%,...