Daily Wrap – Amid A Quiet Market Transports Have An Ugly Day
Within 5 minutes of looking at the market this morning my quick take (before I went through everything and posted...
Afternoon Update
Tone has improved a tiny bit since the last update when the majority of the averages were unchanged. Still, this...
Intraday Update – FOMC Minutes On Deck
1:34 p.m. ET My fist instinct upon a quick look at the market this morning was, “ the market is...
S&P Biotechs (XBI) Update
12:38 p.m. ET XBI (-1.1%) is consolidating again, thus far in a bullish flag. XBI (10m) The measured move coming...
Early Update: Transports Break, The Rest of the Market Is Unchanged
11:47 a.m. ET We had quite a few Fed speakers this morning already and some more to come: 9:00: Fed’s...
A.M. Update
S&P futures are down -0.07&, NASDAQ-100 down -0.23% and Russell 2000 futures down -0.6%. Earnings results from retailers garnered mostly...
Daily Wrap – Underappreciated Inflation Risk Building?
The averages were mixed in thin trade ahead of the week’s fulcrum events. In my view, that’s primarily Nvidia’s earnings...
Market Update – Another Record For Gold
3:17 p.m. ET Today’s trade features a positive bias despite the fact that only 4 of 11 sectors are green...
Early Update -Semis Outperform on Upgrades & Commodities Extend Gains
12:09 p.m. ET This week is a fairly dull week for economic data. Some of the highlights include the FOMC...
A.M. Update
S&P futures are pretty flat (up +0.04%) following Friday’s flat equity market and commodity rally. Slightly higher yields are partly...
Afternoon Update – Stocks Dead, But Commodities Jumping & Threatening To Resume The Reflationary Impulse
3:15 p.m. ET I’m getting this post out earlier than usual because I think today’s developments are huge and I...
Early Update – Stocks Very Dull, Metals and Energy Products Are Big Movers
11:39 a.m. ET It’s another dull start to this morning’s session in equities, although Metals and some Energy products are...
A.M. Update
Stock futures indicate a flattish open. S&P futures are up less than a tenth of a percent in the same...
Daily Wrap
Yesterday’s cooler than expected Headline CPI and weaker than expected Retail Sales were the perfect Goldilocks combo of rate-cut odd...
Afternoon Update – Just A Snoozer or Something Else?
3:55 p.m. ET The market has exhibited mixed price action following yesterday’s record high closes for some of the major...
Intraday Update – Getting A Little Dicey
1:32 p.m. ET I won’t recap the risks outlined in the Early Update here, but the gist is that a...
Early Update – Lackluster Trade, Running Out of Gas?
12:01 p.m. ET The market is mixed this morning. The market had a similar feel to the first hour of...
A.M. Update
S&P futures are unchanged. The U.S. Dollar and yields are very modestly higher. The U.S. Dollar Index is up +0.15%...
Daily Wrap – Bad News Is Good News
A week ago (May 10th) I wrote, “We’re in an environment in which “bad economic news is good news for...
Afternoon Update
Heading into the close, it’s been a good day for the stock market with CPI better than expected, or perhaps,...