ABI 13.83 On the Close
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ABI = 13.96 (3:57 P.M. ET)
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Software Mean-Reverting, Oversold Bounce?
Recap of the dominant theme this week: The market has aggressively rotated into a “long picks-and-shovels (semiconductors), short vulnerable software”...
Market Update – Tech Sell-Off May Be Nearing Short-Term Sellers Capitulation Ahead of Mega Caps Earnings
“Second verse, same as the first” The selloff in software stocks (triggered by AI disruption fears) has spread aggressively across...
A.M. Update
Index futures are mixed (S&P +0.1%, Nasdaq -0.35%, Dow +0.2%, RUT +0.4%). The Tech sector continues its rout, with AMD...
Daily Wrap
I’m headed back to the hospital as they just removed my mom’s intubation tube, and this is a critical moment,...
ABI 12.80’s
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Afternoon Update
Credit concerns around AI’s debt-financed buildout are picking up and back on investors’ radar. I mentioned yesterday that even...
Software Shredded by AI; Private Equity and IG Lenders Face Dual Risk Exposure
The broader market got off to a solid start with 7 of 11 sectors higher, though considerable weakness in the...
A.M. Update
S&P futures are up +0.2%, led by Tech after Palantir’s (+11%) earnings. The market will not receive today’s scheduled economic...
February Kickoff: Stocks Ignore Overnight Carnage in Gold/Silver/BTC; Oracle’s $50B Gamble
Illiquid extended hours/futures trade isn’t always the best indication for the cash market. In fact over the last few months,...
Afternoon Update
The major averages are higher, but cap-weighted (presumably Tech-related)averages have shaved some gains off with weaker 3C charts heading toward...
Market Update
Despite considerable weakness overnight, the broader market is higher with seven S&P 500 sectors trading green. The most notable shift...
A.M. Update
S&P futures are down -0.35% and Nasdaq-100 -0.55%, both well off the lows. Stocks wrapped up last week on a...
Weekly Wrap
The major averages closed firmly lower today, capping a volatile month-end session. Month-end rebalancing appears to be contributing, with small...
Precious Metals Bloodbath
The market saw multiple eventful developments before the opening bell. Notably, President Trump confirmed that former Fed Governor Kevin Warsh...
A.M. Update
S&P futures are down -0.4% with Russell 1000 futures leading losses, down -1%. Apple (AAPL -0.1%) posted solid earnings report...
Daily Wrap – Chaos on the Tape
Overnight and premarket action showed metals soaring and 10 of 11 sectors higher, though Tech lagged. A dismal reaction to...
Tech names under pressure, Crude Oil Adds to Breakout
Multiple asset classes went risk-off at the cash open. There didn’t appear to be any specific catalyst at the time...
A.M. Update
Index futures are higher with Russell 2000 (+0.35%) overtaking Nasdaq-100 (+0.15%) as the Tech sector sits in the red in...