Afternoon Update
Markets have drifted sideways all afternoon with the majors virtually unchanged on the day in what appears to be classic...
Mixed Op-Ex Price Action Keeps Averages Flat, USD/JPY and 10-Yr Yield At Interesting Levels
Mega Caps and Semis led pre-market gains. MAGS faded the entire gain to trade lower shortly after the cah open....
A.M. Update
S&P futures are up +0.15%, receiving a boost from the mega-cap cohort. The market is receiving a batch of earnings...
Tech’s Early Surge Fades, Small Caps Dominate, Carry Trade Questions
The stock market delivered a mixed but ultimately positive session, with broad-based gains led by Tech after TSMC‘s strong earnings...
Afternoon Update
S&P and Nasdaq faded gains this afternoon. While some of the afternoon weakness can be attributed to the Financials, the...
Intraday Update – Tech’s 3C bear flag breaks
I highlighted the bear flag in 3C yesterday afternoon, last night and in the last update. XLK (1m) Update on...
Chips Lead, Small Caps and High BetaSurge, Mega Caps Unimpressive – Carry Flag Tightens
*If you missed yesterday’s daily wrap titled, The Yen Carry Trade Hypothesis: Testing the Engine Behind 2026’s Procyclical Surge and...
A.M. Update
S&P Futures are up 0.4%, led by a bounce in Tech with chipmakers advancing in the premarket after Taiwan Semiconductor Manufacturing (TSM +5.4%)...
The Yen Carry Trade Hypothesis: Testing the Engine Behind 2026’s Procyclical Surge and Defensive Squeeze
Today’s market action extended yesterday’s rotating roller coaster, with ongoing geopolitical developments and fundamentals driving the volatility, that volatility itself...
Afternoon Update
The Nasdaq-100 (epicenter of today’s weakness) found some technical support at the 50-day SMa after a -1.85% decline. The 50-day...
Market Update – Defensive Bias & Mega Cap Weakness
An uneventful round of economic releases (including recent CPI & PPI confirming disinflation but not sparking aggressive rate-cut bets) and...
A.M. Update
S&P futures are down -0.4%. A wave of major bank earnings is rolling in this morning. Bank of America (BAC...
Calm VIX Hides Rising Tail Risk: SKEW Rises, VVIX Jumps, Markets Digest Geopolitics & Banks
A busy morning of economic data and earnings reports failed to provide a strong enough catalyst for equities. Escalating protests...
Afternoon Update
The choppy trade continues at the index level, though now near session lows with the Dow (-0.9%) still the worst....
Market Update- Mega Caps Weak; Crude Oil Higher
Most averages (excl. Small Caps) faded the pre-market CPI knee-jerk gains as the cash open rolled around in typical 2026...
A.M. Update
S &P and Nasdaq futures sit around their unchanged marks after this morning’s inflation data. Dow futures are lowerer by...
Daily Wrap: Powell’s DOJ Drama Drives Safe-Haven Surge in Precious Metals as Stocks Claw Back Losses
This week was already going to be full, with: inflation data, Fed speakers (before Saturday’s Fed media blackout), and banks...
Afternoon Update
All eyes are on tomorrow’s 8:30 a.m. ET release of December 2025 CPI and Core CPI — one of the...
Intraday Update – 3C
A trend I’ve noticed in the new year of 2026 is whatever Index futures indicate in pre-market, they’re going to...
Crude Worth a Look
I bought Crude (via USO) twice – October and December – as price action has been torn between the oil...