Wartime Correlations Are Back, And AI Stocks Are Most Exposed
Wartime correlations that the stock market broke with when the ceasefire went into effect, are back in play, but it’s READ MORE
Wartime Correlations Are Back, And AI Stocks Are Most Exposed
Wartime correlations that the stock market broke with when the ceasefire went into effect, are back in play, but it’s...
Afternoon Update
Markets were relatively quiet this afternoon on the 3C charts, though I still have a few left to review. SPY...
Market Update – Reacting to higher Yields on Geopolitical Risk, but 6% Inflation on Deck?
Oil prices are higher amid latest conflict escalation between the U.S. and Iran, pushing yields higher and weighing on stocks....
A.M. Update
S&P futures are down ~0.2% as renewed hostilities between the U.S. and Iran have oil prices and Treasury yields moving...
Record AI Chase Continues on Razor-Thin Breadth While Oil Signals Higher for Longer
Geopolitical news and events were nowhere near as dramatic as Monday, though we did get some information and answers. Iranian...
Afternoon Update
The major averages are mixed late in the session. I haven’t seen the kind of afternoon 3C action apparent Monday...
Market Update
Index level performance isn’t much different than yesterday. more sectors are green. Internals are roughly the same. There hasn’t been...
A.M. Update
S&P futures are down -0.2%, though off overnight lows. Axios reports that President Trump lashed out at Israeli Prime Minister Benjamin...
Geopolitical Whiplash: Markets Hit Record Highs on Narrow Leadership as Middle East Tensions Heat Up Again
What a way to kick off the week , straight back into the deep end of the geopolitical pool. Fresh...
Addendum
The feel I got from the 3C charts (cap-weighted averages with weaker closing 3C charts; volatility with a noticeably stronger...
Quick 3C Look
Something is “modestly” off. My best guess is that after witnessing events on the ground, and then hearing the political-talk,...
Ceasefire on Thin Ice: Israeli Deep Push into Lebanon & Iranian Threats Collide with Axios/Trump Optimism
The post-war ceasefire was unraveling fast, sending oil and yields higher right at key areas where price action has suggested...
Major Setback for the Iran Deal
Just as I was posting the A.M. Update, things began ramping up on the geopolitical front. Over the weekend, a...
A.M. Update
S&P futures are up +0.15%, even as WTI crude oil futures are up +2.8% ($89.80) following a request from President...
Quick 3C Update – NDX
Someone asked me about 3C, I explained that, like most of my analysis, I use it across multiple timeframes and...
White House Situation Room Meeting Ends With No Decision
My suspicions were confirmed. I ended the last post with, “The market awaits President Trump’s decision on a peace deal,...
Waiting On Trump’s Decision – Narrow Leadership, Negative Breadth, Peak Euphoria
Traders are waiting to see whether the U.S. and Iran can deliver the peace deal markets have priced in every...
Dash for Trash, Negative Breadth at Record Highs amid Re-Emerging War Correlation
Amid the chaotic geopolitical developments, the macro backdrop proved more constructive than expected. Oil prices remained surprisingly restrained despite escalating...
Afternoon Update
I had to start this post over. I found I was getting a little too deep into Software’s outlook as...