Market Video Update
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Afternoon Update
It’s been a pretty typical, boring-ish op-ex day. A lot of the time there’s a max-pain price pin and prices...
Early Update
12:20 p.m. ET Today feels like a typical options expiration price pin. There are a few items of interest including...
A.M. Update
S&P futures are down -0.1%. Pre-open losses in some mega cap names have contributed to the early downside bias, along...
Daily Wrap – The Day After SKEW At A Record High
It’s funny how many economists missed the 50 bp rate cut yesterday – 105 of 114, as surveyed by Bloomberg...
Afternoon Update
For the most part there aren’t any big changes on 3C since the last update. There’s no improvement either....
Market Update – The Day After
2:38 p.m. ET Index futures soared overnight, which is easier to do than in the cash market due to much...
Reflation in Q4
You know me and my often repeated mantra, “A day is not a trend”, but thus far this morning the...
A.M. Update
What a difference an overnight session makes. S&P futures are up +1.7%. Of course the early upside bias stems from...
Daily Wrap – FOMC Edition
Today’s session started sluggish in front of the Federal Open Market Committee (FOMC), which voted in favor of cutting the...
Afternoon Update
There’s so much to talk about in today’s FOMC, but the I’m still struck by the irony of the first...
Fed Cuts by 50 bp in 11/1 Vote; Bowman Dissents
2:20 p.m. ET Here’s the full redline statement… The knee-jerks are in effect, but one of note that’s coming from...
Early Update – Negative Bias, But Little Changed
12:07 p.m. ET This morning is very quiet and little changed. Market-based probabilities still favor a 50 bp rate cut,...
A.M. Update
S&P futures are up +0.15% ahead of this afternoon’s FOMC policy decision at 2:00 ET. The committee is expected to...
Daily Wrap – 17 Years to the Day
Today’s session started on an upbeat note, supported by mega caps and semis in the early-going and leading the S&P...
Afternoon Update: What Started as a Decent Bounce, Is Now Essentially Flat
Mega Caps and Semis were leading the charge in pre-market (both underperformed yesterday), and helped out in early trade in...
Early Gains Fade
12:49 p.m. ET Stronger than expected Retail Sales didn’t change the market pricing in the highest probability of a 50...
A.M. Update
S&P futures are up +0.4% with mega caps and semis pitching in this morning rather than being a drag, and traders...
Daily Wrap – Moving Into The End Game?
Today was a light day on the economic front with just soft survey data from the U.S. We’re now into...
Afternoon Update
Nothing surprising since the last update. The major averages are moving sideways on the day into the close. The S&P...