Very Dull, Place-Holder Session; Gold Record High
2:40 p.m. ET Today’s session is slightly positive, but lackluster to say the least. I realized that in the A.M....
A.M. Update
S&P futures are down -0.4% and Treasury yields are lower. I suppose those 3C divergences last night were meaningful. Maybe...
Daily Wrap
The stock market registered solid gains in a broad-based advance after the week’s two most important economic data points came...
Afternoon Update – NASDAQ $19,500 Test
Large-cap Tech is driving market gains, so the Nasdaq-100 is the key index right now (Small Caps were a month...
Market Update – The Market Has The Data It Wanted. Let’s See What It Does with It.
12:36 p.m. ET The U.S, market really couldn’t ask for better data this week, supporting the soft-landing scenario: Inflation coming...
A.M. Update – Retail Sales Beat Big
I’m just headed out the door for a doctor’s appointment. I’ll be bac soon, but I wanted to get the...
Daily Wrap – CPI Disappoints
Today was kind of a strange day. I suppose you could sum it up as , after PPI’s disinflationary surprise,...
Intraday Update – Tech Very Fluid
3:10 p.m. ET Parts of the market remain fluid. Those parts are largely mega caps, semis and the Technology sector....
Early Update – Fluid Start For Tech
12:16 p.m. ET This morning has been another dynamic start to the day with the 3 mega-cap heavy sectors initially...
A.M. Update – CPI as Expected
S&P futures are little changed at +0.1%. Total CPI increased 0.2% in July (consensus 0.2%) following a 0.1% decline in...
Daily Wrap
S&P futures were already up +0.4% at 8 a.m. ET this morning before PPI. The July Producer Price Index (PPI)...
Afternoon Update
The last 2.5 hours have seen the averages trade mostly sideways after strong early gains. We still have 10 of...
Market Update – Investors Go With What They Know As Oversold Conditions Are Worked Off
1:25 p.m. ET Sorry this is out so late. There’s a lot to cover and the market has been fast...
A.M. Update
S&P futures are up +0.65% this morning following a cool PPI. Dow futures (+0.25%) trail somewhat due to a pre-open...
Daily Wrap
The major averages today were fairly quiet at the price-percent change level (Small Caps excluded), but intraday price action was...
Afternoon Update
Today has been a sloppy session. SPX (15m) in context with today highlighted yellow. Here’s a closer look just of...
Market Update – On the Way To A Test? And Then…
1:50 p.m. ET The Dollar-Yen’s gains — thus index futures related gains– to start the new week are the result...
A.M. Update
S&P futures are up +0.25% as the Yen has slid lower (USD/JPY +0.7%) to start the new week. This week’s calendar...
Afternoon Update
Earlier today it seemed like today was going to be a relatively dull day (compared to the rest of the...
Early Update – A Tired Market, But Something To Watch
11:55 a.m. ET It’s a pretty slow day comparatively vs. the rest of the week. Part of that seems to...