MArket Update- Things Are Developing As Expected. Consolidations in Crude & Rates opened a Small Window For the Unloved Stocks
Stocks are extending their solid start to the week with good tech leadership and a favorable macro backdrop as rates,...
A.M. Update
S&P futures are up +0.45%. The Dollar (-0.3%), Oil prices and Treasury yields are moving lower this morning, adding to...
A Tale of Two Markets
The stock market had a pretty decent Monday. The averages and sectors got off to a little bit of a...
Afternoon Update
There’s some broad-based profit taking into the close. The SPX is trading below the $7780 level mentioned. Consumer discretionary is...
Market Update: Fed Repricing Buys the Bounce. Yields, Oil, and $64 Billion of Selling Are Still the Overhang
A Saudi-led coalition opened its largest Yemen offensive in years after recent Houthi gains along the Red Sea coast and...
A.M. Update
Most index futures are set to open lower -0.1% to -0.2% lower in choppy trade. The Nasdaq was the only...
BTC & Nasdaq
When I looked at Bitcoin in pre-market, it was up something like +2.3%. Price cleared $85k. The gains were a...
Market Update- Rotation, Sort Of. Strong Oil Charts & Yields Rebounding Post Payrolls Presents Risk
Nonfarm payrolls increased by just 29,000, while revisions to July and August combined led to -60,000 fewer jobs than previously...
A.M. Update
S&P futures are up 0.9% after an extremely weak payrolls report, a classic “bad news is good news” reaction: a...
Q3 Rotation?
Stocks opened with modest gains before selling pressure quickly broadened, sending the major averages to their session lows late in...
Trump Sending Third Aircraft Carrier to Middle East – Oil Update
It was already reported earlier that Washington is sending a third U.S. aircraft carrier toward the region of the Middle...
Quick Update – Pull Back In Yields To Start Bounce To Relieve Oversold Conditions
Rather than put this in a full update I figured I’d get it out sooner. Like Wednesday, Index futures got...
A.M. Update
S&P futures are up just +0.25% after a volatile overnight session with gains faded on higher oil and yields, but...
Last Day of Q3, Highest Yields Since 2002 -VaR Shock/Bond Volatility Risk Surging
Wednesday’s session was a mostly dull affair in the equity space with half-hearted participation that dwindled throughout the day. The...
MOVE INDEX SOARING
MOVE & VIX – Last time the MOVE index was at these levels was March, and VIX was in the...
PCE Cooled. The 10-Year Did Not.
Today’s the last day of Q3. Pension rebalancing may still be in play, slightly distorting the tape, but that should...
A.M. Update
Index futures are up from +0.35% to +0.5% following this morning’s data dump as PCE came in much cooler than...
Above 5%: The Mega-Cap Thesis
Stocks initially hovered near their flat lines, helped by a decline in crude oil following a report that Middle Eastern...
Market Update – Yields Seem Stretched; Oil is Lower; 1-Day Oversold Internals Still Active
The major averages drifted lower into midday after spending much of the morning near their unchanged levels, as deteriorating breadth...
A.M. Update
S&P futures are up +0.1% as WTI oil pulls back about -2% after Saudi flows resumed on the east-west pipeline...