AI and Tech At The Center Of Risk-Off Move
1:05 p.m. ET The Technology sector is in the doghouse again. As mentioned in the A.M. Update, news that private...
A.M. Update
S&P Futures are up 0.3%. It looks like we’re well into the start of our consolidation phase, with tech participation,...
Daily Wrap – On Track
The market finally got the delayed November Employment Situation report, which beat expectations on payroll gains. However, it came alongside...
Afternoon Update
We’re getting closer to the Nasdaq-100 consolidation (bearishly biased) expected to come next as per Monday’s Afternoon Update. Procyclical and...
Rotational Support From Cyclcials & Defensives Fades in Broad-Based Move
1:42 p.m. ET I’m not going to spend too much time on Payrolls as the data is incomplete, stale, and...
A.M. Update
S&P futures are down -0.2 percent. There are a lot of caveats in the Employment data, but here it is....
Daily Wrap – Pretty Well Formed H&S Tops
Index futures were up more than a half-percent in Monday’s pre-market session. Once again, Bitcoin led a decline into the...
Afternoon Update
The SPX and DJIA sit just below their flat lines ahead of the close, while the tech heavy NASDAQ and...
Tech Sector Continues To Present Downside Risks
1:35 p.m. ET Bitcoin’s relative performance continues to lead risk sentiment; dumping into the US cash open. (1m) Bitcoin...
A.M. Update
Stocks had an eventful week, with the FOMC’s decision to lower the federal funds rate by 25 basis points and...
Chart Update
3:24 p.m. ET Obviously there are tactical leading signals that I’d like to see provide stronger signals. Many of those...
Tech/AI Weigh On The Broader Market – FOMC Knee-Jerk Reaction Failing?
2:10 p.m. ET From last night’s Daily Wrap’s Summary section: ” I’ve long said that cyclicals on their own, do not...
A.M. Update
Index futures are set for a mixed, flattish start (S&P 0%, Nasdaq -0.4%, R2K +0.1%). Tech and AI names are...
Daily Wrap – Divergent
Thursday could be described as a tale of two markets. On one side procyclical sectors and defensive sectors rallied the...
Afternoon Update
There’s a little profit taking or in the S&P’s case, signs of resistance, as we near the close. SPY (1M)...
Market Update – Averages Mixed
Two competing narratives are duking it out with a bit of overlap: Procyclicals (energy, financials, small-caps) and defensives (utilities, staples)...
A.M. Update
S&P futures are off overnight lows but still down -0.4% with Nasdaq 100 futures down -0.6%. In Washington, NBC News reports that...
Daily Wrap – Less Hawkish Than Expected
A few points from today’s Fed/FOMC: Reduced the federal funds rate by 25 basis points to 3.50% to 3.75%, as...
Afternoon Update
I think it’s safe to say that the Fed’s rate cut was more dovish than expected. The reaction is dovish...
FOMC
The Fe cut by 25 bps to a corridor of 3.50% to 3.75% as expected, and said it will begin...