A.M. Update
S&P futures are up +0.7% and Nasdaq-100 up +1.855, supported by a 9% gain in Microsoft (MSFT) following its better-than-expected...
Warsh’s “Family Fight,” Bond Market Revolt, and Semis Flashing Oversold Bounce Signals
*Make sure to see the Summary section. I have those updated 3C charts. Earlier weakness was driven by another sharp...
Afternoon Update
Kevin Wash’s press conference was an absolute disaster, especially at the end. He left the market with more questions than...
FOMC
No hike, but a mixed vote (9-3) with 3 dissents (Hammack, Kashkari and Logan dissent in favor of rate hike)....
Market Update
Market action is not the usual quiet pre-FOMC drift, it’s a clear double hit. Semiconductors (SOX -3.6%) remain under pressure...
A.M. Update
S&P futures are close to flat as Semiconductor stocks have largely stabilized overnight, but as we’ve seen twice this week,...
SOX Holds the 100-Day as Kospi Breaks Its Topping Pattern; Iran Escalation Returns
Nasdaq-100 futures were down -0.6% before he market open, though I was surprised they weren’t down mre as the hyper-leveraged...
Market Update
The rotation out of semiconductors intensified again at the open, though not to surprising given yesterday’s news and the KOPSI’s...
A.M. Update
Index futures are mixed with the S&P500 up 0 .15% and the Nasdaq 100 down 0.6%. I’m actually surprised that...
China Chip Shock Reverses Early Gains as Semis Drag Markets Lower
The US paused almost two weeks of daily strikes against Iran (TACO, or Calm Before the Storm?) and Iran signaled...
Afternoon Update
I feel pretty good about last week’s forecast for this week at least the first half of the week’s price...
WTI Crude Oil Update
Picking up on my Thursday post, Crude Consolidation-PullBack, as oil was up over 6% on the day… Everyone loves a strong...
China’s Homegrown Chip Equipment Hits ASML Hard: Semis Drag Tech Lower
Before I get into the broader market update, Semis (SOX -3.75%) started dragging the Technology sector lower (-1.45%) right at...
A.M Update
S&P futures are up 0 9% led by Nasdaq 100 futures up 1.35% Index Futures are getting a break as...
1-Day Oversold Relative Calm
The market is going pretty much as expected after yesterday’s relatively broad, mega-cap-led retreat. One-day oversold internals are kicking in,...
A.M. Update
S&P futures are up +0.05%, but spent the overnight session consolidating in a bear flag. We may see some follow-through...
AI CapEx Shock & Oil Surge Send Stocks Sharply Lower
I’m going to try to keep this on the short side (and probably will fail). I have a trip tomorrow....
Crude Consolidation-Pull Back
I’m long oil. I think the price/volume trend has been fantastic. Today’s gains are a bridge too far. As noted...
Mega Caps and Macro Collide
Earnings and the geopolitical macro backdrop are colliding in today’s stock market action. The market had largely ignored building geopolitically-driven...
A.M. Update
S&P futures are down -1% and NASDAQ 100 futures are down -1.35%. All of the “Magnificent Seven” cohort is down...