Tech Reclaims Leadership on KOPSI Rebound as CPI Cools & Trump TACOs on Strait Fees
The genesis of Tuesday’s Tech leadership was apparent in last night’s Wrap, “The KOPSI, down -1.5%, looks like it’s looking...
Afternoon Update
The day has been pretty darn dull. The tech sector and Semis retraced some of Monday’s losses, but that’s about...
Market Update – Oil Tags Measured Move
Major averages are mostly mixed with the Nasdaq 100 leading the pack. After a somewhat choppy morning, the Technology sector ...
A.M. Update
Index futures got off to a mixed start this morning. The semi-heavy KOSPI found support overnight, but IBM tanked more...
Strait of Hormuz Drama, Semi Selloff & Rate-Hike Odds Spike = Ugly Monday
Markets took a triple-whammy hit to start the week. Geopolitical tensions between the U.S. and Iran dominated the day, driving...
Semiconductor Weakness Weighs on Indices While Trump’s 20% Hormuz Fee Plan Lifts Oil & Treasuries
Weakness across semiconductor stocks is weighing on the top-weighted technology sector, while geopolitical concerns are lifting oil prices and treasury...
A.M. Update
S&P futures are down -0.3% as lingering hostilities between the U.S. and Iran send oil prices +3.6% higher at $74/bbl.....
WTI’s Measured Move
WTI’s price consolidation, at this point anyway, isn’t typical, but it’s not bad either. With some additional time, price may...
Market Update – Quiet Session
After several sessions marked by sharp swings in semiconductor stocks and oil prices, the major averages are treading lightly today...
A.M. Update
S&P futures are flat. It seems there’s some hesitation with participants considering the potential for geopolitical risk to erupt over...
Markets Shake Off Geopolitics
Well that de-escalated quickly. Geopolitical developments accelerated after Wednesday’s close. The market ignored them entirely on Thursday. That reaction is...
Afternoon Update
Earlier advancers had a larger lead over decliners, approaching 1-day overbought criteria levels. That has since faded, mostly as mega...
Market / 3C Update
Today’s trade is an extension of what worked yesterday (Semis/Tech), with more risk deployed into procyclicals, and movement out of...
A.M. Update
S&P futures are up the same +0.2% as last night. Nasdaq futures have surged ahead to +0.9%, while Dow futures...
Geopolitical Clouds Return: Oil Spikes, Yields Rise, But Big Tech Holds the Line
Well, that escalated quickly. Geopolitics took center stage as renewed US-Iran tensions spiked oil prices. However, dip-buyers stepped in to...
Afternoon Update
For the first time in a long time, it looks like 1-day oversold internals are very likely. Two of three...
Semis Update
The Semiconductors index is at its 50-day, one of three assets I think need to be watched around their 50-day....
FOMC Minutes: Blame It on AI
The June FOMC minutes showed a Fed maintaining a data-dependent stance as elevated inflation, geopolitical tensions, and AI-driven demand continued...
Market Update – Heading For 1-Day Oversold Internals, & Potential For Geopolitical Escalation
You never know what you don’t know, but it’s pretty remarkable how these signals line up sometimes. After a six-week...
A.M. Update
S&P futures are down -0.5%, other index futures are down as much as -0.8%, though off early morning lows. Tensions...