Daily Wrap -Sentiment Hits Extreme Greed
The next two weeks into year end are going to increasingly see fewer and fewer market participants as trading desks...
Afternoon Update
It looks like we might get a mixed close and what most might sum up as a pretty standard day...
Market Update
2:48 p.m. ET I’ve been running through hundreds of charts since the last update and I have a few of...
Market Consolidates, Fed Officials Have Effect, and Resurgent Inflation Risk
11:40 a.m. ET Trading desks are emptying out and running skeleton crews as the holidays draw near, but as we...
A.M. Update
S&P futures are up +0.3%. Treasury yields are moving lower, acting as support for equities. The 2-yr yield is down...
What’s Happening At the Fed?
In this quick addendum to the Afternoon Update, I’m wondering just what the heck is happening at the Fed? Powell’s...
Afternoon Update – Hedge Fund Shorts Throwing in the Towel
The S&P was up 6 consecutive days coming into today and 7 weeks in a row. I think this pendulum...
Market Update
2:09 p.m. ET Today’s massive op-ex is fairly uneventful. Gains in the mega cap space have supported index level performance,...
Early Update
11:00 a.m. ET Most stocks opened lower on this huge ($4.9 trillion notional) option expiration. We may very well see...
A.M. Update
S&P futures are flat after giving up overnight gains. The NY Fed’s, Williams, told CNBC, “We aren’t really talking about...
Daily Wrap – Hedge Funds Obliterated As We Near Euphoric Levels
***I’ve had a lot of 12 to 16 hour days the past few weeks and I don’t like posting the...
Afternoon Update
We’re going to get a few interesting daily candles as of the close, at least the way it looks now...
Market Update – Time To Pay Attention To Price
2:12 p.m. ET SP-500 -0.05%, Dow +0.1%, (Transports +1.55%), NASDAQ-100 -0.5%, Small Caps +2.1% Today saw a second day of...
Early Update
11:29 a.m. ET Since the open, Business inventories fell 0.1% in October following a 0.2% increase in September (revised lower...
A.M. Update
S&P futures are up +0.5% as the risk rally the dovish Fed sparked sees follow-through. Treasury yields continue to move...
Daily Wrap – The Stock Market Has No Clue That The Fed Just Told Us That They’re Positioning For Recession Fighting
Stocks initially traded in a cautious manner today despite some welcome disinflation seen in the November Producer Price Index. Market...
Afternoon Update -DOVISH, DOVISH, DOVISH
There was no Powell “hawkishness”. Powell mentioned nothing regarding the easing of financial conditions. In fact, Powell said the Fed...
DOVISH Policy Statement/SEP
2:20 p.m. ET The Wall Street whisper as per the last post, “The whisper talk is that stocks spike higher ...
Pre-FOMC Update
1:38 p.m. ET We’re about 20 minutes away from the FOMC. The stock market had been trading higher a short...
Another Cohort Set To Sell
1:12 p.m. ET November’s rally was almost the perfect storm, between hedge funds the most net short on record (2010)...