Market Update: Ceasefire Holds ‘Below the Threshold’ as U.S. Downplays Attacks Amid Iranian Internal Chaos
U.S. Official Statements on the Ceasefire: Trump administration officials reiterated that the U.S.-Iran ceasefire is still holding. When asked at...
Project Freedom Meets Iranian Escalation: Markets Close Lower on Renewed Hormuz Tensions
In Friday’s Afternoon Update had a gut-feeling, based on observation, that something was about to kick-off in the Middles East....
Afternoon Update
I’ve been thumbing through tons of 3C charts. There are a few interesting developing charts along the lines of VXX...
Market Update: Strait of Hormuz Rising Tensions Fuel Market Volatility
The market had been trading with decent participation this morning, but low conviction and small price-percent changes among the averages...
A.M. update
S&P futures are down -0.1% after quite a bit of geopolitical volatility this morning. S&P was down as much as...
Afternoon Update
The major averages are mixed into the close. Price action in mega cap-heavy, cap-weighted S&P and Nasdaq-100 looks good. SPX...
Mega Caps Are Back
There’s some crazy things happening this morning. WTI Crude plunged from $104 to $100 is 75 minutes. Yields of course,...
A.M. Update
S&P futures are up +0.2%. There was a bump of optimism this morning when Axios reporter Barak Ravid said via X, “Iran...
Artificial Tailwind: BOJ’s Record $100B Intervention Masks Rising Geopolitical and Macro Risks
On a normal day, the dominant story would be the Bank of Japan’s massive, near $100B (confirmed) overnight intervention in...
Afternoon Update
The S&P 500 (+1.0%), Nasdaq (+1%), and DJIA (+1.6%) continued to climb to new session highs this afternoon. Behind the...
Market Update
Big day of developments. There were plenty of fascinating, and at times downright strange, developments overnight and this morning. Overnight...
A.M. Update
S&P futures are up +0.5% after a volatile overnight session. Speculation is that the Bank of Japan intervened in the...
Inflection Point: Oil Surges Past $109, Yields Spike, Rare 4 Fed Dissents & Institutional Cracks Emerge
Stocks opened to relatively broad weakness as oil prices and rates climbed following a Wall Street Journal report that President Trump...
Afternoon Update
Powell announced that he will continue to serve as a governor for a period of time after his term as...
Quick FOMC Update
FOMC held rates unchanged, but with a rare 4 dissents (1 dovish, 3 hawkish). The lone dovish dissenter (Miran) has...
Crude Smashes $100 Resistance to $107
Oil prices are moving higher, and Treasury yields along with them as as U.S. prepares for extended blockade of Iran....
A.M. Update
S&P futures are flat heading into the cash session. WTI Crude Oil futures are up +3.85% to $103.77/bbl., finally breaking...
Daily Wrap – The Calm Before the FOMC and Mega Cap Earnings
Higher oil prices pushed Treasury yields higher again today. April Equity Tailwinds Shift to Headwinds What started as a strong...
Afternoon Update
WTI crude up +3.6%, but fighting against the invisible hand right at $100. There is a tight bullish symmetrical triangle...
Market Update: Bad Timing for Big Tech: OpenAI Miss, Semis Stumble, and Oil @ $100
The WSJ OpenAI feature couldn’t have come at a worse time for mega cap hyperscalers reporting earnings this week, and...