Today’s Theme Was SQUEEZE., But the Warning Lights Are Flashing
Optimism over a potential US-Iran peace deal (or MOU) intensified throughout the long Memorial Day weekend, with repeated signals that...
Quick Afternoon Update
A quick look around in what’s been a relatively quiet afternoon… Bitcoin (-1.7%) is notably lagging the Nasdaq, but the...
Market Update – Long Duration Bounce on Lower Oil/yields, With Huge UBS Upgrade to Micron’s Price Target
Over the three-day holiday weekend, a steady stream of “imminent deal” headlines drove WTI crude futures down as much as...
A.M. Update
The extended holiday weekend was choked full of headlines reflecting the contours of a 60-day memorandum of understanding deal emerging,...
Starting Semi Short
The averages have filled the gaps. SOX has filed the gap. That’s what I was looking for in terms of...
Gaps Filled
The oil suppression stories before the cash opens are getting silly at this point. Al Arabiya’s “Final Peace Deal Draft”...
A.M. Update
S&P futures are up from +0.2% to +0.4% over the last hour as WTI crude oil futures dip from testing...
Market Duped: Fabricated Iran Deal Headlines Drive Markets
Thursday delivered a barrage of conflicting headlines, a clear example of the short-term volatility that has dominated oil prices. Today...
Afternoon Update
What a crazy day of headline ping-pong. Around 1 p.m. Saudi’s AI Arabiya says it TV obtained what it describes...
Market Update
Oil and Yields are both higher this morning, thought choppy, which is in large part attributed to an earlier report...
Trump Jawbones Oil Lower as Markets Bounce into Holiday Weekend
Stocks were set for a bounce Wednesday anyway, but President Trump served up another signature Trump Pump, TACO Dump special....
Oil and Rates Pullback on Flurry of Headlines, Contributing to Market Gains. Averages Haven’t Filled The Gap Yet.
Although the latest geopolitical headlines are highly mixed and contradictory, they are triggering meaningful declines in oil prices and bond...
A.M. Update
S&P futures are up +0.35% in what’s a minor bounce in the continuation of a downtrend or correction over the...
30-Year Yield Rises To Highest Level in Almost Two Decades; Tops 5.20%. Equities Have Not Priced This In.
Most everything dropped at the cash open. Dip-buyers stepped into a number of areas, from Semiconductors to defensive sectors, but...
Market Update
While I suspect Friday’s equity gap down gets filled, likely around Nvidia’s earnings tomorrow, the gist of last night’s lengthy...
A.M. Update
S&P futures are down -0.3% and Nasdaq-100 down -0.6%. Semiconductors and memory names remain under pressure in pre-market trade. Geopolitical...
From AI Euphoria to Rate Reality: Semis Start to Tremble
Big things are unfolding. Geopolitical messaging was noisy and all over the place at this critical crossroads in rates, but...
President Trump Post Truth Social Stick Save an Hour Before The Close, As 30-Yr Yield Was Breaking Out
Something geopolitical was driving oil higher with WTI jumped above $105 this afternoon… WTI (2M) Higher Oil prices pulled the...
Higher Rates Hitting Long Duration Tech/Semis
Broadly speaking, it’s been a mixed day for the averages, but with yields breaking out last week, long duration Technology...
A.M. Update
S&P futures are up around +0.15%, coming off overnight losses rising oil prices and Treasury yields have dampened risk sentiment...