Afternoon Update – Patience Pays
Stocks have been energized in part by the price action in Treasuries, which follows the release of the Personal Income...
Market Update
107 p.m. ET It has been quite a day so far with a little of everything in the stew: dovish...
A.M. Update
S&P futures are down -0.6%, led lower by Nasdaq-100 futures (-0.85%) on this $6.5 trillion triple witching options expiration day...
Daily Wrap – Live and Die By The Mega Caps in December
The stock market started the session modestly stronger after the major indices registered sharp declines yesterday in response to the...
Afternoon Update
No surprises today based on what I laid out in the second post of the day. Most of the averages have...
Market Update
214 p.m. ET The stock market has exhibited mixed action today. There was an initial burst of buying activity after...
Establishing Probabilities and What to Lookout For Next
1102 a.m. ET While it’s too early to know anything definitive from early price action this morning, the market is...
A.M. Update
S&P futures ae up +0.7% in what’s looking like a bearish flag consolidation, which can work off the strong oversold...
Daily Wrap – Uncertainty
The first half of the day was slow with a positive bias (FOMC drift). There’s not much to talk about...
Hawkish Cut & Increased Uncertainty
3:53 p.m. ET I’ll have to address some of the particulars in the Daily Wrap considering the time I have...
Fed Cuts by 25, Dot Plot Up, Inflation Forecast Up
2:15 p.m. ET The Fed cut by 25 bp with 1 dissent. Cleveland’s Hammack preferred to leave the FFR where...
Pre-FOMC
It’s pretty typical FOMC Drift trade (modest positive bias into FOMC) ahead of the FOMC decision at 2:00 ET and Fed...
Early Update – FOMC Drift
11:44 a.m. ET A slow start indeed, typical of the FOMC drift. Value an Growth style factors are nearly the...
A.M. Update
S&P futures are up +0.15%. Focus will be on the FOMC decision today at 2:00 ET followed by Fed Chair...
Daily Wrap – Breaking Oddball Records
There’s all kinds of ugly market breadth and records being set or broken this week as you’ll see below, but...
Market Breadth Horrible Again
December second kicked off a “rotation” of sorts. At first I wasn’t sure if it was a rotation to Growth...
Early Update – Year End Window Dressing
12:02 p.m. ET Mega Caps and Growth style factors are taking a minor break this morning, but that hasn’t stopped...
A.M. Update
S&P futures are down -0.4%. Most mega caps are down modestly in pre-market. Nvidia is still struggling with a near...
Daily Wrap – Mega Caps Or Bust
Today began the last full trading week of December and 2024. For U.S. stocks, economic data didn’t matter. Higher Yields...
Afternoon Update – Mega Caps, Breadth and Retail Investors All At Extremes
The market is following the last 2 weeks playbook – to ride mega caps through year-end at the expense of...