Daily Wrap – AI Anxiety Making Rounds Across Multiple Sectors
Stocks opened higher out of the gate in response to the January Employment Situation Report showing a solid increase in...
Afternoon Update
Most averages are close to their unchanged marks. 3C’s intraday tone is leaning more neutral than yesterday. I’d characterize it...
URA Update
Without posting 5 or 6 different 3C timeframes, it’s hard to round out the bigger picture and the reason for...
Market Update
The strong January Payrolls report shifted things much more hawkishly, virtually pushing the first fed rate cut out to July...
Payrolls Sweet and Sour
Payrolls increased far more than expected,: January nonfarm payrolls increased by 138,000 (consensus: 65,000). December nonfarm payrolls were revised down...
Loss of Market Momentum, Mega-Cap Weakness, USD/JPY Nearing Worrisome Carry Trade Unwind Levels
The rebound effort off last Thursday’s low started to stall Tuesday. Early strength in the broader market succumbed to some...
Market Update
Index futures tone early in the overnight session was calm and composed, consolidating Monday’s cash session gains. Tone turned jittery...
A.M. Update
Index futures are flat after a jittery overnight session. USD/JPY (-0.3%) continues to trend lower. Retail Sales missed: Total retail...
Monday’s Muted Follow-Through: Tech Rebound Leads Nasdaq Higher. Japan’s Election Puts The Carry Trade Back On The Radar
The gist of the day was a continuation of Friday’s oversold bounce, pretty much as expected headed into the weekend...
Market Update – Dead Cat bounce continues as expected- losing momentum
Apologies this post is not as organized as I’d like, but it hopefully conveys the expectations from the end of...
A Personal Note to Subscribers
I wanted to let you know that my mother passed away over the weekend. The coming days and weeks will...
A.M. Update
S&P futures are down -0.2% and Nasdaq down -0.3%, somewhat correlated to USD/JPY’s -0.45% slide after PM Takaichi’s landslide election...
AI Disruption Hits Hard: Software Bear Market, Mega-Cap Tops, and Credit Cracks
The week began with a classic relief/oversold bounce (Monday) driven by strong manufacturing data, but quickly gave way to intense,...
Market Update – Strong Rebound, Except for Mag-7
Market tone is quite a shake-up from the week’s trend. Even today things have been dynamic. It’s tempting, and probably...
A.M. Update
Risk sentiment improved overnight with small Caps Russell 2000 futures +1.3% and Bitcoin +7% after hitting $60k, leading S&P futures...
Broadening Pain: Ugly Session Sees Selling Spread to Cyclicals, Defensives & Small Caps Amid Labor Market Warning Signs
Another ugly session, though unlike other sessions this week, selling broadened out to cyclicals and defensive sectors, with Small Caps...
Afternoon Update
I’m torn between the market fulfilling 1-day oversold internals (internals are just a tiny bit shy presently; sectors easily qualify;...
Market Update
For a week that key labor data was delayed by the government, what we are getting today is looking dismal:...
A.M. Update
S&P futures are down -0.6%. Mag-7 stocks are all lower. Alphabet (GOOG -4.4%) is under pressure after beating earnings estimates,...
Tech Selloff Deepens: Software in Bear Mode
The stock market had another rough day with the Technology pacing losses. Investors are increasingly worried that fast-improving AI tools...