Market Update
Index futures tone early in the overnight session was calm and composed, consolidating Monday’s cash session gains. Tone turned jittery...
A.M. Update
Index futures are flat after a jittery overnight session. USD/JPY (-0.3%) continues to trend lower. Retail Sales missed: Total retail...
Monday’s Muted Follow-Through: Tech Rebound Leads Nasdaq Higher. Japan’s Election Puts The Carry Trade Back On The Radar
The gist of the day was a continuation of Friday’s oversold bounce, pretty much as expected headed into the weekend...
Market Update – Dead Cat bounce continues as expected- losing momentum
Apologies this post is not as organized as I’d like, but it hopefully conveys the expectations from the end of...
A Personal Note to Subscribers
I wanted to let you know that my mother passed away over the weekend. The coming days and weeks will...
A.M. Update
S&P futures are down -0.2% and Nasdaq down -0.3%, somewhat correlated to USD/JPY’s -0.45% slide after PM Takaichi’s landslide election...
AI Disruption Hits Hard: Software Bear Market, Mega-Cap Tops, and Credit Cracks
The week began with a classic relief/oversold bounce (Monday) driven by strong manufacturing data, but quickly gave way to intense,...
Market Update – Strong Rebound, Except for Mag-7
Market tone is quite a shake-up from the week’s trend. Even today things have been dynamic. It’s tempting, and probably...
A.M. Update
Risk sentiment improved overnight with small Caps Russell 2000 futures +1.3% and Bitcoin +7% after hitting $60k, leading S&P futures...
Broadening Pain: Ugly Session Sees Selling Spread to Cyclicals, Defensives & Small Caps Amid Labor Market Warning Signs
Another ugly session, though unlike other sessions this week, selling broadened out to cyclicals and defensive sectors, with Small Caps...
Afternoon Update
I’m torn between the market fulfilling 1-day oversold internals (internals are just a tiny bit shy presently; sectors easily qualify;...
Market Update
For a week that key labor data was delayed by the government, what we are getting today is looking dismal:...
A.M. Update
S&P futures are down -0.6%. Mag-7 stocks are all lower. Alphabet (GOOG -4.4%) is under pressure after beating earnings estimates,...
Tech Selloff Deepens: Software in Bear Mode
The stock market had another rough day with the Technology pacing losses. Investors are increasingly worried that fast-improving AI tools...
ABI 13.83 On the Close
...
ABI = 13.96 (3:57 P.M. ET)
...
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,...