A.M. Update
S&P futures are up +0.15%. Focus will be on the FOMC decision today at 2:00 ET followed by Fed Chair...
Daily Wrap – Breaking Oddball Records
There’s all kinds of ugly market breadth and records being set or broken this week as you’ll see below, but...
Market Breadth Horrible Again
December second kicked off a “rotation” of sorts. At first I wasn’t sure if it was a rotation to Growth...
Early Update – Year End Window Dressing
12:02 p.m. ET Mega Caps and Growth style factors are taking a minor break this morning, but that hasn’t stopped...
A.M. Update
S&P futures are down -0.4%. Most mega caps are down modestly in pre-market. Nvidia is still struggling with a near...
Daily Wrap – Mega Caps Or Bust
Today began the last full trading week of December and 2024. For U.S. stocks, economic data didn’t matter. Higher Yields...
Afternoon Update – Mega Caps, Breadth and Retail Investors All At Extremes
The market is following the last 2 weeks playbook – to ride mega caps through year-end at the expense of...
Small Cap, Oversold Channel Buster
1:06 p.m. ET If you haven’t already, see my Early Update recapping Friday’s Afternoon Update. On the face of things,...
Sneaky Crude Prices
10:54 a.m. ET WTI crude oil has been chopping around in a range so long, it’s easy to fall into...
Early Update – Small Cap Squeeze Coming?
10:24 a.m. ET I want to set the stage with Friday’s Afternoon Update with regard to Small Caps this week....
A.M. Update
After hitting deep oversold levels Friday, which is a rare event with the S&P own -0.65% last week — but...
Afternoon Update – Oversold and Reflationary
Early gains at the index level led by Broadcom (AVGO) dissipated in the face of rising rates (progress on inflation...
Market Update – Higher Yields Spoil The Party
142 p.m. ET Broadcom (AVGO +20.6%) was the story stock of the day, lifting S&P and NDX index futures. That’s...
Quick Market Overview Into Year End
1047 a.m. ET A lot of what I’m writing below is going to be familiar, but I think it’s important...
A.M. Update
S&P futures are up +0.3% led by Nasdaq-100 futures up +0.7% after a positive response to earnings from Broadcom (AVGO),...
Daily Wrap
The market’s fluidity and lack of trend continued today. Yesterday was buy everything except bonds. Today was sell everything, except the...
Afternoon Update
This morning I felt a little overwhelmed with several moves that seemed like mini-fires to be examined and extinguished, such...
UnitedHealth Group Continues To Plunge
1:59 p.m. ET This morning a few areas felt like they were on fire, and some haven’t resolve yet. WTI...
WTI Stop Run
12:26 p.m. ET Sometimes time is all you need. WTI Crude’s earlier plunge that I mentioned on volume as it...
Early Update
11:37 a.m. ET It’s a messy morning in a few areas. It seems like there’s a half-dozen fires in the...