Early Update – Strong Start
10:34 a.m. ET The stock market is bouncing from a deep and long oversold condition to start the session....
A.M. Update
S&P futures are up +1.4%. Supportive factors include Fed Chair Powell reiterating in a MarketPlace interview that additional 50-basis point increases at...
Daily Wrap
The market has been bearish all week, in fact trading like a typical bear market, or maybe a bit worse...
Coming Off the Lows
It’s rather amazing to see the 2-year yield down 10 bp (Bullard less hawkish comments) and the 10-year down around...
Intraday Update – Very Volatile, Unstable Trade
2:02 p.m. I’m surprised how volatile today’s session has been and I’m not just talking about intraday swings in the...
Short Covering
11:18 a.m. ET SP-500 +0.3%, Dow -0.25% (Transports 0%), NASDAQ-100 +0.8%, Small Caps +1.6% In the Early Update I mentioned,...
Early Update – Change in Tone For Growth Stocks
10:48 a.m. ET In the A.M. Update, talking about Treasury yields, I said, ” These are the conditions that would...
A.M. Update
S&P Index futures extended losses by -0.7% with mega-caps taking the brunt of selling after yesterday’s CPI and ahead of...
Daily Wrap
Markets were whipsawed back and forth overnight and in today’s cash session as a result of the CPI report (Consumer...
Afternoon Update – Mega-Cap Weaknes
CPI data came in weaker than expected, upsetting market hopes that inflation may be peaking. Yet CPI did moderate from...
Intraday Update
It looks like the averages are about to come off their session lows. One notable development is today’s relative weakness...
Intraday Market Update
1:38 p.m. ET Intraday trade continues to be choppy since the CPI report when stocks fell to session lows, rallied...
Early Update – Nice Opening Rebound
10:50 a.m. ET Index futures had strong gains before the CPI report ruined investor’s hopes that we had hit peak...
A.M. Update
S&P futures had been trading up nicely this morning some +1.4% as treasury yields continued to fall, that is until...
Daily Wrap
The session started on a strong note for the market as the S&P 500 rallied as much as +1.9% amid...
Taking another Shot at Last Week’s Low With Mega-Cap Support
2:57 p.m. ET This morning when index futures were soaring higher, I mentioned a number of Fed speakers today that...
Intraday Update – Tech Relative Strength
12:41 p.m. ET Over the course of 2022 we’ve seen just how much yields matter to large-cap and mega-cap stocks,...
Early Update- Early Gains Faded to Test $4k
11:25 a.m. ET The S&P 500 was up as much as +1.9%, but met resistance at last week’s lows and...
A.M. Update – Index Futures Rally
After what seemed like a bit of necessary stop-loss related capitulation selling below S&P $4k last night, index futures have...
Daily Wrap
The S&P fell below $4k in a broad-based retreat today, although led by the Growth stocks (-4.1% vs. Value -2.8%)...