Afternoon Update
Other than the instant dump of banks again at the cash open (a replay of Tuesday), the day has been...
S&P Support
12:46 p.m. ET The S&P is sitting right at last Wednesday’s low that I mentioned as the likely downside measured...
Early Update – Regional Banks Roiling Again
10:51 a.m. ET The S&P dropped at the cash open, reminiscent of Tuesday’s quiet pre-market and all heck breaking loose...
A.M. Update
S&P futures are down -0.2%, Russell 2000 futures are down -0.6% and the Tech-heavy NASDAQ-100 is down less than -0.1%....
Daily Wrap – The Fed Is Tone Deaf
I’m going to alter the format of tonight’s Daily Wrap a little as it’s a very dynamic market and what...
Afternoon Update
Most assets were chopping up and down during Powell’s presser with no direction. Looking at the U.S. Dollar Index (+0.5%),...
FOMC Policy Statement and 25 BP Hike
2:14 p.m. ET The Fed hiked by 25 basis points as expected to the 5% to 5.25% corridor. The reaction...
Pre-FOMC Update
1:30 p.m. ET The stock market is little changed, albeit somewhat more positive with 9 of 11 sectors green. The...
Early Update – Pretty Quiet
10:52 a.m. ET In economic data since the A.M. Update, hard economic data is disappointing, while this morning’s soft survey...
A.M. Update
Stock futures are slightly positive ahead of the FOMC policy decision today at 2:00 p.m. ET followed by Fed Chair...
Daily Wrap
This morning S&P futures were down -0.2%, the exact same as they were in the overnight section of last night’s...
Afternoon Update
As per the last post, the S&P came back down into the month-plus rectangle range, finding some support at $4100....
Intraday Update – S&P Support $4100
2:02 p.m. ET The averages have settled into a small consolidation as the S&P came down to $4100. The consolidation...
Early Update – Banks Breaking Bad
11:22 a.m. ET The open has been fast paced with a lot of news and data in this morning. In READ MORE
Early Update – Banks Breaking Bad
11:22 a.m. ET The open has been fast paced with a lot of news and data in this morning. In...
A.M. Update
S&P futures are down -0.2%; the same as last night. There’s a lot of news this morning as the Federal...
Daily Wrap
I’m not going to spend a lot of time telling you how dull today’s trade was, or make more of...
Intraday Update
2:22 p.m. ET Since the Early Update the averages are very little changed. Dow Transports have added some gains from...
Early Update
11:07 a.m. ET I read some of the details of the JPMorgan absorption of First Republic Bancorp assets from over...
A.M. Update
S&P futures are down -0.1%. Stock futures are flattish as investors await key events later this week, including the FOMC...