Afternoon Update – Reflating?
Today was a bit dull, presumably due to tomorrow’s holiday, but the major averages all managed small gains. Dow Transports...
Long Energy Worth a Look
2:51 p.m. ET WTI Crude is up +1.2%, but it’s not the price gain, it’s the price action. WTI (15m)...
Market Update – DULL Ahead of Holiday
1:11 p.m. ET Stocks opened mixed and remain that way. There is not a lot of conviction, presumably with markets closed...
A.M. Update
S&P futures are flattish (-0.05%). Retail Sales disappointed, rising 0.1% in May (consensus 0.3%) and this following a revised -0.2%...
Daily Wrap
Today’s trade in stocks was somewhat mixed despite a solid showing at the index-level. Gold pulled back fairly sharply and...
Afternoon Update
Growth and Momentum stocks have powered today’s advance, coming off a mixed, little changed start. Curiously, both groups (that have...
Market Update
1:20 p.m. ET The averages got off to a slow, mixed start as yields are 6 bp higher across the...
A.M. Update
S&P futures are down -0.1% to start the holiday-shortened week (markets are closed Wednesday for Juneteenth). The 10-yr yield is...
Afternoon Update
Wow, slow day in the markets today. Mega caps are pretty much the only thing supporting index performance, and even...
Early Update – Ugly Under The Hood
12:37 p.m. ET I’m going to go through the normal stuff of this post, but add some additional charts I...
A.M. Update
S&P futures are down -0.45%. European stocks, which are headed for their worst week since January on growing concerns about...
Daily Wrap
The equity market saw 2-way action today, despite a cooler than expected Producer Price Index and surging Initial Jobless Claims,...
Afternoon Update
A strong $22 billion 30-yr bond reopening sent yields lower and more S&P sectors moved into the green, but mostly...
Intraday Update – Stocks Near Session Lows, But Yields Lower
1:14 p.m. ET The major averages remain near session lows, but yields have moved lower. S&P futures (2m) and 10-yr...
Early Update
11:41 a.m. ET The market has a recessionary feel this morning with the economically sensitive averages underperforming, while those with...
A.M. Update
S&P futures are up +0.25%. The early positive bias is supported by pre-open gains in some mega cap names and...
Daily Wrap
You might have noticed I didn’t post as much as usual today. I’ve had a 103f-104f fever most of the...
Afternoon Update – Hawkish Fed
The major indices are heading lower after the conclusion of Fed Chair Powell’s press conference. The S&P 500 trades near...
Hawkish FOMC
The Fed left the Fed Funds rate unchanged as expected and said it won’t be appropriate to cut until the...
A.M. Update – Energy Prices Behind Cooler Than Expected CPI
S&P futures are up +0.9% following a c0oler than expected CPI. Total CPI was flat in May (consensus 0.1%) following...