Daily Wrap
This entire week’s theme has been a rotation/rebalancing between that which performed best last quarter (Q1) which includes cyclicals and...
Daily Wrap
Today was another narrow-ranged trading session, except Small Caps with notable relative weakness. Mega-caps provided influential support for the other...
Daily Wrap
Pushback from both sides of the aisle against President Biden’s pork-laden $2.25 trillion idea that is the ‘American Jobs act’...
Daily Wrap
Last week when the stock market was closed for Good Friday, the March employment report showcased 916,000 additions to nonfarm...
Daily Wrap
Today was the last day of the quarter. A quarter in which stocks dramatically outperformed bonds, and value outperformed growth....
Daily Wrap
Today was a rather lackluster session, although it had an ugly start. There was some rotation between Growth and Value...
Daily Wrap
The Dow Jones Industrial Average (+0.3%) closed at fresh record highs on Monday after starting the session modestly lower, while...
Daily Wrap
In last night’s Daily Wrap I talked about how I thought the averages would trade lower today, but would likely...
Daily Wrap
Today started out fairly well after Intel (INTC -2.3%) announced plans to invest $20 billion to build two semiconductor manufacturing...
Daily Wrap
The averages got off to a mixed, but largely flat start. There was an early buying surge in the S&P...
Daily Wrap
The NASDAQ-100 and large-cap Tech had a good day as long term yields continued their pullback after reaching a 14...
Stock Market Update – March 18, 2021
Just last night I wrote, “I almost always warn before FOMC days to beware the knee jerk reaction right after READ MORE
Daily Wrap
Just last night I wrote, “I almost always warn before FOMC days to beware the knee jerk reaction right after...
Daily Wrap
The market started out on a downbeat note, especially the NASDAQ-100 as bond yields jumped before the open. At one...
Daily Wrap
Earlier today the market received disappointing retail sales, industrial production, and homebuilder confidence data which sparked a tumble in the...
Daily Wrap
The week’s first session started on a flat note, with the major indices dipping into negative territory on no specific...
Daily Wrap
Today’s session started with a momentum trade on what were initially falling bond yields following the ECB with the 10-year...
Daily Wrap
CPI came in with the ninth monthly advance in prices, but the February Consumer Price Index (CPI) report didn’t reveal...
Daily Wrap
According to Bloomberg, China’s National Team (Chinese version of the U.S. Plunge Protection Team) stepped into to support Chinese markets...
Daily Wrap
After gaining 1%, testing $3875 resistance and working off last week’s oversold condition, the S&P ended half a percent lower....