Daily Wrap
This morning had similar tone to yesterday as S&P futures were near unchanged, but appeared to be consolidating in a...
Afternoon Update – SPX $4500
The day still has a consolidative tone, but the averages are currently near or at session highs. As first pointed...
Market Update – Strong Than Expected With higher Yields
11:56 a.m. ET Tuesday has started as another slow and dull session. Higher yields aren’t weighing on growth (+0.1%) or...
A.M. Update
The S&P 500 futures trade roughly in-line with fair value as the market struggles to find direction amid mixed corporate...
Daily Wrap
For the most part the first day of the new week was a very dull affair for U.S. stocks. However,...
Market Update
1:50 p.m. ET Market tone is still very dull and uninspired to start the week. There may be some newly...
Early Update – Slow Start
10:58 a.m. ET The week is off to a slow and uninspired start, from stocks to bonds. SP-500 +0.25%, Dow...
A.M. Update
S&P futures are off to a tentative start to the week, up +0.2% U.S. Treasury yields have edged lower after...
Afternoon Update
The averages are heading into the final stretch holding about +2.25% gains on the week generally speaking. As touched on...
Back in the Green
2:00 p.m. ET Despite the 2-year yield jumping a huge 12 basis points following the much better than expected Payrolls...
Early Update -SPX Test of 200-Day
11:46 a.m. ET I was partially correct yesterday in that Amazon (+12.5%), which was sharply discounted yesterday (-7.8%) ahead of...
A.M. Update
S&P futures traded higher heading into the Payrolls after Amazon’s (AMZN +10.4%) results, but both index futures and bonds knee-jerked...
Daily Wrap
I’m going to try to abbreviate tonight’s post and keep it to that which is most relevant, which changed after...
Afternoon Update
4:04 p.m. ET ****Amazon just reported and price is rallying. The averages continue to struggle to find support intraday as...
Quick Follow-Up
2:04 p.m. ET This is a follow up to the last post, NASDAQ-100 TEST. Price is testing the flag’s lower...
Intraday Update – NASDAQ-100 TEST
1:21 p.m. ET Thus far the bleeding in Meta Platforms – formerly Facebook (FB -25.9%) – may have stopped as...
Early Update -Growth Stocks Weigh on the Broader Market
11:15 a.m. ET It’s not just Meta’s (formerly Facebook) -24% price drop, after shockingly weak earnings, that are pressuring markets,...
A.M. Update
Meta Platforms (FB -23.6%) sent futures reeling on disappointing earnings news. The Nasdaq 100 futures underperform and trades lower by -2.75%....
Daily Wrap
The S&P gained for a fourth consecutive day, despite the ADP employment report falling the most since the COVID lockdown...
Market Update – S&P Session Highs
2:57 p.m. ET The S&P and Dow have pushed to new session highs as 10 of 11 sectors now trade...