Semis Slip, Crude Jumps as the War Widens
The major averages opened the week lower as semiconductors sold off sharply and crude rose again. The immediate driver was...
Market Update
Two fronts have been pressuring stocks to start the new week, energy prices and conversation around slowing down the pace...
A.M. Update
S&P futures are down -0.7% and Nasdaq-100 down -1.75% on a double-whammy: AI-slowdown talk and another oil spike. The tech...
Pause That Refreshes, Second Chokepoint That Doesn’t
Every day this week (until today) has had a 1-day oversold internals feel, we just haven’t technically gotten there because...
A.M. Update
S&P futures are up 0.95% as we get the bounce off technical levels and $7600 after a pullback in oil...
Breadth Cracks as the Market Prices a Longer Middle East Conflict
The major averages extended their losing streak to three sessions on Thursday as another surge in crude oil, rising Treasury...
Oil higher, Rates higher, Stocks At Risk
My apologies, I’m having the strangest internet connection issues, whether via WIFI or mobile hotspot. For a third consecutive day,...
A.M. Update -Trump Promises $5k Dividend If the GOP Wins Midterms; Yields Spike; Stocks Fall
S&P futures are down -0.5% and Nasdaq-100 down -1.25% as yields soar higher after President Trump promised $5,000 for every...
Oil, Yields, and a War That Won’t Stay Contained. And Breadth Stinks!
Escalation is the name of the game in the Middle East, and it’s not just Iran and the U.S., but...
Market Update – Crude and Yields Surging; Equities Probably 1-Day Oversold
As noted in Tuesday’s market wrap, Iran hit a U.S. base in Jordan and stepped up attacks on U.S. regional...
A.M. Update
S&P futures are down -0.35% and Nasdaq-100 down -0.5% , fading Asian session gains as Brent Crude jumped over $100....
The Hormuz Stabilizing Story Cracks
The major averages finished lower on Tuesday as rising oil prices and escalating geopolitical tensions created a modestly challenging...
Afternoon Update
The early reports were right. Two Iranian tankers have been struck off Kharg Island, and a third was hit near...
Intraday Update
Several explosions have been heard near the Kharg Island anchorage, according to Iranian media. This comes shortly after reports that...
Market Update – WTI Crude at Key Resistance Level of C&H
The averages are generally lower, pressured by an increase in oil prices. WTI crude oil futures are +1.5% higher after...
A.M. Update
S&P futures are down -0.1%, while other index futures are mixed, ranging between +0.25% and -0.65% as crude oil prices...
Afternoon Update
The major averages are set to close out the week a little mixed, but the bigger takeaway is, largely unchanged....
Market Update- Strong Payrolls Send Rate Hike Odds Higher.
A much stronger than expected Payrolls report was not the ideal, “Goldilocks” scenario described in Thursday’s market wrap. With Payrolls...
A.M. Update
Equity futures were mostly flat ahead of the August Payrolls print, which came in extra hot, blowing expectations out of...
Waller Opened the Door For Our Mega Cap Rotation. Now… Payrolls
A pretty consistent takeaway over the last couple of days was summed up in Wednesday’s market update: “The S&P is...