Daily Wrap – CPI & FOMC On Deck
Like yesterday, the market started out on the weaker side and improved modestly as the day went on. A big...
Afternoon Update
That last intraday post was right on. Honestly it’s still a crap day for the market of stocks. 9 of...
Intraday Update – Yields Lower
1:46 p.m. ET The results of a $39 billion 10-yr note reopening met stellar demand, snapping a streak of poor...
Early Update
12:15 p.m. ET The stock market opened to broad based selling activity. Decliners opened with a better than 4-to-1 lead...
A.M. Update
S&P futures are down -0.3% with Small Caps the worst (-0.8%). Treasury yields are lower (2y -3 bp & 10-yr...
Daily Wrap
The stock market started the new week with losses, but ended the session with gains. Moves in both directions were...
Afternoon Update
Apple is not looking great into the close. In fact, it’s looking like a bearish intraday consolidation, after introducing “Apple...
Apple Sinks on AI
3:21 p.m. ET Apple (AAPL -1.6%) dropped further into negative territory after introducing its AI feature, “Apple Intelligence” at its...
Market Update +0.15% Across the Board
2:27 p.m. ET There’s not a lot of conviction today in front of some market-moving events this week. This week...
Early Update
12:08 p.m. ET The market is off to yet another mixed start, partly due to modestly higher rates, a stronger...
A.M. Update
S&P futures are down -0.2% and Small Cap Russell 2000 is down -0.9%, pressured by a jump in Treasury yields...
Afternoon Update
The averages are mixed and seemingly little changed, except for economically sensitive Small Caps, which briefly went red year-to-date (right...
Early Update – Yields and Dollar Jump, Averages Holding Up Fairly Well
12:22 p.m. ET The equity market is mostly little changed at the index level, with the exception of Small Caps....
A.M. Update – Payrolls HOT
S&P futures are down -0.4% as Payrolls and wages soared. Nonfarm payrolls increased by 272,000 in May, well above 180k...
Daily Wrap – The Most Important Payrolls Report Ever?
One day after the Nvidia-led rally, the major averages barely moved today with the S&P closing essentially unchanged (-0.02%) ahead...
Market Update
2:49 p.m. ET The market continues to trade in mixed fashion today. There’s not a lot of conviction following record...
Higher Rates Coming?
1:01 p.m. ET WTI Crude Oil is up +2% and seems to have negated, or at least diminished the probabilities...
Early Update – Low Conviction Trade
11:36 p.m. ET The stock market opened mixed after several new record highs yesterday. There’s not a lot of conviction...
A.M. Update
S&P futures are flat. The ECB Ct rates 25 basis points as expected following the Bank of Canada’s rate cut...
Daily Wrap – Expected BOC Rate Cut Has Big Effect
The equity market and several other asset classes have had a deflationary (read as “recessionary”) feel this week. I warned...