Daily Wrap – Nvidia Beats. Is it Enough?
Yesterday’s price action and internals left open the higher probability of some more downside today and that’s mostly what the...
FOMC Minutes – Cautious and Leaning, “Higher For Longer”
3:13 p.m. ET I had to take a moment and see how the market would shake-out after the FOMC initial...
FOMC Minutes Coming; Yields Trending Higher
1:19 p.m. ET I don’t know that there will be any surprises in the FOMC minutes from the late January...
Early Update – Value Over Growth
11:32 a.m. ET Stocks are modestly building on yesterday’s declines and for the same reason – nervousness ahead of Nvidia’s...
A.M. Update
S&P futures are down -0.3% and NASDAQ-100 down -0.6% ahead of Nvidia’s earnings after the close today. The Minutes from...
Daily Wrap
I’m going to start with the heavy stuff tonight, that’s starting to jump off the chart. A week ago today,...
Afternoon Update
Very little has changed since this morning. Most of the selling focus is on mega-caps, growth and semis – or...
SPX – VIX Positive Correlation Rising Toward Signal Level
1:12 p.m. ET It’s pretty much more of the same with a slight lower low in the averages since the...
Early Update – Tech, Mega-Caps and Semis Under Pressure
10:32 a.m. ET It seems quite clear what the market is nervous about given the weakness in stocks while the...
A.M. Update – Nvidia Earnings Spotlight
S&P futures are trading down -0.35% to start the holiday shortened week, despite lower yields. Losses in some mega cap...
Afternoon Update
I don’t have much time so this will be a quick one. I think there’s very clear op-ex influences in...
Market Update – Changes in Character
3:15 p.m. ET It has mostly been a slow-going day; probably op-ex related, but we’re also seeing some of the...
Early Update – Op-Ex Influences
11:18 a.m. ET Since the open, University of Michigan Consumer Sentiment Index for February came in at 79.6 , under...
A.M. Update – PPI Hotter Than Expected
S&P futures are down -0.1% this morning. Like CPI on Tuesday, instead of slowing as expected, PPI re-accelerated with headline...
Daily Wrap – Rotation To Small Caps?
Tonight’s post is going to be a hybrid of the day and some of the big picture elements that are...
Afternoon Update
It looks like Tuesday’s gaps are mostly all either filled or will be filled with maybe an exception here or...
Early Update – The Goldman Trade
12:10 p.m. ET Mega-caps are out of favor today, but many other stocks are trading higher with Small Caps continuing...
A.M. Update
S&P futures are nearly unchanged, coming down after the shockingly bad Retail Sales report. Retail sales fell 0.8% in January...
Daily Wrap
The deepest short-term oversold conditions in 3.5 months, the VIX futures contract rolling and with it a lot of dealer...
Afternoon Update
***This post was supposed to go out at 3:41 p.m. ET. I just saw that it did not publish. ...