Early Update – NASDAQ, Tech, Mega-Caps and Semis Lead. S&P Near $4200
11:33 a.m. ET This update took a while as there’s a lot to cover, but the gist is the market’s...
A.M. Update – Outline of a Debt Deal; Hotter Inflation Data
S&P futures are up +0.1% and NASDAQ-100 futures are up +0.2% ahead of the extended holiday weekend. Markets are closed...
Daily Wrap
We’ve seen the averages end the day mixed a lot over the last 2 months, but not to today’s degree...
Afternoon Update
3:31 p.m. ET Around 2 p.m. news broke that President Biden put forth a plan to freeze spending for 2...
Market Update – Mega-Caps Provide Huge Support, While The Debt Ceiling Is Causing Extremely Weak Participation
12:59 p.m. ET Mega-Caps are providing huge support to the cap-weighted indices, while the debt ceiling is causing extremely weak...
Early Update – Mega-Caps Lift, While Debt Ceiling Restrains
10:57 a.m. ET The gist of the morning’s early trade is NVDA lifted the S&P and NASDAQ-100, but the debt...
A.M. Update
S&P futures are up +0.9% and trading well above $4200, while NASDAQ-100 futures are up a whopping +2.25% after Nvidia...
Daily Wrap
Just about the only thing that mattered today (as well as yesterday), is debt ceiling concerns that have driven a...
Afternoon Update
3:34 p.m. ET As we near the close, tone is improving, especially in the mega-caps/NASDAQ-100. SP-500 -0.35%, Dow -0.4% (Transports...
FOMC Minutes – Non-Event
2:13 p.m. ET There’s actually quite a lot in the Fed Minutes, but it seems no major surprises as the...
Yields/Dollar vs. SPX Update
12:23 p.m. ET As mentioned, toward the bottom of the Early Update , I took a look at the Dollar/ and...
And Just Like That…
11:29 a.m. ET The averages are coming off their morning lows rather quickly, after the following: DEBT-LIMIT NEGOTIATORS TO MEET...
Early Update – Broad Based Selling, S&P Test of $4100 Approaching
11:02 a.m. ET Yesterday we saw the more economically sensitive groups, Regional Banks and Small Caps outperform. This morning that...
A.M. Update
S&P future are down -0.5% following yesterday’s loss and the ugly price action in to the overnight session. Reports indicate...
Daily Wrap
The stock market spent most of the morning little changed from yesterday’s closing levels. Things started to deteriorate following numerous...
Market Update – Interesting 3C Divergences in TSY Futures Developing
3:09 p.m. ET With the exception of the lightly weighted Energy sector, all other S&P sectors are in the red....
Intraday Update – Mega-Caps and Small Caps
1:26 p.m. ET SP-500 -0.5%, Dow -0.1% (Transports +0.45%), NASDAQ-100 -0.65%, Small Caps +0.45% In the latest news on the...
Early Update – Regional Banks and Small Caps Stand Out As Strong Performers
11:25 a.m. ET Debt ceiling uncertainty remains top of mind for market participants. House Speaker Kevin McCarthy in closed door meeting...
A.M. Update
S&P futures are down -0.3%, NASDAQ-100 futures down -0.4%, but Russell 2000 futures are near unchanged. Most of index futures’...
Daily Wrap
Today’s trade was a bit dull and lacking conviction due to ongoing concerns about the debt limit, considering President Biden...