Early Update – Fade! Is The Market Reckoning With a Higher Neutral Rate?
11:44 a.m. ET This Jobs report (well, the year’s Jobs reports) is about as politically favorable for Kamala as she...
A.M. Update – Payrolls Beats Even Wall Street’s Highest Estimate
Payrolls does it again with a massive beat of consensus. Nonfarm payrolls increased by 254,000 in September (consensus 150,000) following...
Daily Wrap
The market continues to hesitate in dullish trade, although WTI Crude Oil was on fire, breaking out above $72 on...
Market Update
3:09 p.m. ET The equity market is locked up in a waiting game. I expect most of that wait is...
Early Update – Crude Breaks Out
11:45 a.m. ET So far the tone of the equity market this morning, is very similar to yesterday. There is...
A.M. Update
S&P futures are down -0.3%. Friday’s release of the September Employment Situation report looms large, as well as worries around...
Daily Wrap
I’m going to keep tonight’s post on the short side, but do make sure to see the Summary section. Most...
Afternoon Update – A Dull, “Wait and See” Day, But Not Without Insights
The averages are mixed and mostly within a third of a percent of either side of unchanged. Dow Transports (-0.85%)...
Markets In Wait and See Mode
12:35 p.m. ET The averages are all basically flat. Looking at some videos and various news items, it appears Iran’s...
A.M. Update
S&P futures are down -0.1%. The potential for further escalation in the Middle East is still impacting the market after...
Daily Wrap – Geopolitical Tensions Soar, Stocks Go Risk Off, Safe Havens Bid
Today was a busy day, although it was actually pretty quiet in pre-market with S&P futures down just -0.1%. Suddenly,...
Afternoon Update
News and events are flowing fast today, even as I write, things are changing. Crude Oil has been just crazy;...
Iran Launched Over 100 Ballistic Missiles At Israel
1:18 p.m. ET I don’t know if this is an April, “Just for show” type of retaliation from Iran, but...
Early Update – Risk Off and Q4 Picks Holding Up Well
11:25 a.m. ET Last night I went to bed, feeling like there was too much happening that the equity market...
Risk Off on Iran Retaliation News
10:01 a.m. ET I could barely believe the price of Oil this morning, all things considered. As soon as the...
A.M. Update
S&P futures are down just shy of -0.1%. Overnight news focused on Israel’s “targeted” ground raids into Lebanon. Also, members...
Quarterly Wrap… Playing Defense
Today ends the third quarter, the quarter that lost market leadership in mega caps and the AI trade. That loss...
Afternoon Update
This afternoon got interesting real quick. At first glance Powell’s hawkish-leaning comments may seem like the Fed chair pushing back...
Powell’s Hawk-Talk Sending Markets Lower
2:36 p.m. ET Powell is talking the market back from its perhaps, overenthusiastic view, of the Fed’s rate path of...
Powell Hawkish Speak
As Powell has been speaking, yields, especially at the shot end, are rising. The market’s pricing for a 50 bp...