Market Update – The Most Bullish Morning of the Year?
2:05 p.m. ET After 2 consecutive days of the PBoC’s simulative monetary policy actions, last night the politburo conducted their...
A.M. Update – Stimulus Bonanza
S&P futures are up +0.8%. For the third day of China stimulus in a row, China goes all in. China’s...
Daily Wrap
The People’s Bank of China provided another piece of policy stimulus, cutting its Medium-Term Lending Facility by 30 basis points...
Afternoon Update
With effectively 1 stock (Nvidia) trying to sponsor a breakout in the SPX/NDX, it didn’t get far as you can imagine....
Commodities Update
Copper and Gold are consolidating bullishly. Silver is on the verge of a meaningful breakout that only adds to inflationary...
Early Update – Pitiful Breakout Attempt?
I’m going to keep this post focused on stocks, and follow up next with a post on commodities next. They...
A.M. Update
S&P futures are effectively flat. The PBOC was back at it last night, announcing a 30 basis points cut to...
Daily Wrap
Overnight China added to stimulus measures. The People’s Bank of China (PBoC) said the 7-day reverse repurchase rate will be...
Afternoon Update- Watch WTI Crude’s $72 Level
There hasn’t been any meaningful movement since the last update, which itself pointed to the fact that there hasn’t been...
Early Update
12:45 p.m. ET This early update isn’t as early as I hoped, but I’ve had to write and rewrite it...
A.M. Update
S&P futures are up less than 0.1%. They did it. China announced stronger than expected, massive stimulus measures. This, of...
Daily Wrap – Q4 Stagflation Follow-Up
Today was another dull day following the excitement in the run-up to, and immediate aftermath of last week’s Fed. Friday’s...
Afternoon Update
3:31 p.m. ET The stock market has exhibited lackluster action thus far. The price action should be viewed as having...
Early Update – More Stagflation Evidence Confirmed By PMIs
12:00 p.m. ET After European PMIs came in ugly and boosting rate cut expectations from the ECB, U.S. PMI’s came...
A.M. Update – Soft European Data
S&P futures are up +0.25%. Soft Manufacturing and Services PMIs from the eurozone boosted speculation about an October rate cut...
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...