Daily Wrap
Today’s trade was a bit dull and lacking conviction due to ongoing concerns about the debt limit, considering President Biden...
Afternoon Update
The averages dipped a little heading into the close, but it’s very consistent with the consolidative price action we’ve seen...
Market Update – Wait and See Tone, but Generally Constructive
2:28 p.m. ET Uncertainty about a debt ceiling deal has led to a lack of conviction on the part of...
Early Update
10:48 a.m. ET There were reports of an explosion near the Pentagon circulating on social media and these briefly hit...
A.M. Update
Most index futures are less than a tenth of a percent on either side of unchanged. Russell 2000 futures are...
Afternoon Update
I’m getting the Afternoon Update started earlier than usual because there’s a lot to cover and it’s my last post...
Market Update
1:21 p.m. ET SP-500 -0.1%, Dow -0.25% (Transports -0.75%), NASDAQ-100 -0.2%, Small Caps -0.65% It’s still a bit on the...
Lots of Headlines
12:04 p.m. ET First, the Powell/Bernanke panel came off very dovish. The U.S. Dollar Index and Treasury yields came down...
Intraday Update – Yellen Foot In Mouth
11:41 a.m. ET Stocks were coming down right into the Powell/Bernanke panel at 11:00 a.m. I initially thought this was...
Powell: RATES MAY NOT NEED TO RISE AS HIGH GIVEN CREDIT STRESS
11:23 p.m. ET The Dollar dropped sharply as did yields on this comment. Stocks were coming down before that, but READ MORE
Powell: RATES MAY NOT NEED TO RISE AS HIGH GIVEN CREDIT STRESS
11:23 p.m. ET The Dollar dropped sharply as did yields on this comment. Stocks were coming down before that, but...
Early Update
10:35 a.m. ET The S&P is above $4200. Small Caps started the morning with notable relative strength while mega-caps were...
A.M. Update
Happy Friday everyone. S&P futures are up +0.3%, NASDAQ-100 futures are up +0.2%, while Russell 2000 futures are up +0.4%....
Daily Wrap
Today the stock market built on yesterday’s gains, which saw the S&P-500 trade up to the 7-week lateral range upper...
Intraday Update – S&P Holding Support
2:34 p.m. ET SP-500 +0.3%, Dow -0.2% (Transports -0.35%), NASDAQ-100 +1.1%, Small Caps -0.05% Just after the last update went...
Intraday Update – Overhead Supply and Daily Rotation
12:55 p.m. ET As suspected in the Early Update, the S&P ran into some resistance at the early May highs....
Early Update – Mega Caps Lead & Favorable Debt Ceiling News
10:50 a.m. ET These Early Update posts sometimes take longer than others, or expected due to early changes after the...
A.M. Update
Index futures are down this morning, from NASDAQ-100 down -0.1% to Dow down -0.4%. Futures were higher at 7 a.m.,...
Daily Wrap
Today’s market tone had a surprisingly pro-cyclical, obvious risk on bias. There were some positive responses to earnings and other...
Afternoon Update
Today’s trade has had nice, broad participation. As suspected in the last post, the S&P wasn’t crossing that 6, almost...