Daily Wrap – Powell Throws Cold Water on the Market’s Enthusiasm
While PPI came in pretty much at consensus, a deeper dive revealed that the last mile is often the hardest...
Afternoon Update: More Confirmation of Consolidation Trend Lines
The averages are trading near session lows. SPX -0.6%, Dow -0.5%, Transports -0.6%, NDX- 0.7%, Small Caps -1.3% While not...
Early Update – Consistent With Consolidation
11:37 a.m. ET The October Producer Price Index reflected rising inflation at the wholesale level. That will stir concerns about...
Daily Wrap: Knee-Jerk Reaction Facing Consolidation
It took a little more time than usual this morning to see what the impact of CPI was. I didn’t...
Afternoon Update
Price candles showing a loss of momentum for the near week-long knee jerk reaction to the election have shown fading...
Semiconductors (SOX) Testing 200-Day
2:51 pm ETSOX (daily) w/ 200-day sma. To pivot down from the right shoulder with some confidence, I’d estimate SOX...
Consolidation Time, Or?
1:41 p.m. ET This morning’s CPI report was pretty much on the screws of expectations, except airfares and rental inflation...
A.M. Update – CPI
S&P futures are just about flat, but off overnight lows. Total CPI was up 0.2% in October (consensus 0.2%) following...
Daily Wrap
While there could be some factors that I think are too early to call (such as recent weaker 3C charts),...
Afternoon Update
In yesterday’s Daily Wrap I pointed out the more focused view on Value stocks over Growth, but also mentioned that I...
Market Update – The Value Over Growth Dynamic is Correcting, While Yields Price Out Fed Rate Cuts Ahead of CPI
1:44 p.m. ET Tomorrow’s CPI seems to be driving the bond market/higher rates and creating headwinds for the stock market....
A.M. Update
Most index futures are a hair below unchanged. RUT is down -0.60%. Treasuries fell under selling pressure, sending yields higher and...
Daily Wrap – Be Sure To Read The Summary Section
***Quick note – I hope you can make it through the entire post as there are tidbits scattered throughout that...
Afternoon Update
Nasdaq-100 is looking likely to post a bearish Engulfing candle after Friday’s Star (loss of momentum) candle. NDX (current daily)...
Early Update – Dow & Small Caps Lea With Value Stocks, S&P and NDX lag With Growth Stocks, Tech and Semis
1250 p.m. ET Tonight I’ll break down different presidencies going back to Clinton and including Trump’s 2016 win; what the...
Index Futures Off Earlier Highs as Treasury Futures Gain
9:38 p.m. ET At my first look of S&P futures this morning, they were up +0.45%. By the Early Update...
A.M. Update
S&P 500 futures are up 0.3%; Small Caps outperform (+1%). The Treasury market is closed for Veteran’s Day. Equity market...
Afternoon Update
Most of the averages came off session highs. All of the Mag-7 stocks with the exception of Tesla (TSLA +8.2%)...
Part of Kennedy’s Platform in a Trump Administration?
Here’s the video cued up, of Robert F. Kennedy talking about legalizing marijuana and psychedelics with some form of supervision,...
Early Update – Pot and Psychedelic Stocks?
1226 p.m. ET The stock and bond markets trade mixed. The averages are mostly higher with some hints of the...