Daily Wrap
Over the last 4 trading days I’ve mentioned the following several times. Market Update from Friday September 24th “The 10-year...
Daily Wrap
Futures were all positive overnight, but as the European session started, selling pressure in stocks began with NASDAQ notably underperforming...
Afternoon Update
Heading into the close, I’m going to let the charts of the last Market Update stand, since there’s little change...
Daily Wrap – Gaps Filled
Looking at the averages today you’d think that the Fed was dovish, but that’s the power of oversold markets and...
Daily Wrap
Between the deepest oversold condition (breadth oscillators) of the year, what looked like a short term seller’s capitulation event, easing...
Daily Wrap
Although the day was little changed, there was quite a bit of volatility from the overnight session, to the cash...
Daily Wrap
*This post is a bit longer than usual but I think there’s a lot to cover and wanted to touch...
Early Update – Contagion Sparks Second Largest Sell Program Ever
11:04 a.m. ET September’s troubles continue the first day of the new week, with anxiety focussing on China’s Evergrande and READ MORE
Daily Wrap
This morning was another ugly open with each of the major averages down -0.8% in early trade, which has been...
Daily Wrap
The U.S. stock market had a good day, rebounding from recent losses after a stronger start than recent days, although...
Daily Wrap
The Consumer Price Index (CPI) came in slightly lower than consensus. This sent index futures jumping higher as slowing inflation...
Daily Wrap – Inside Day
The S&P 500 snapped a five-session losing streak on Monday with a 0.2% gain, although it closed well off session...
Daily Wrap
The S&P extended its losing stream to a rare 4 sessions, the longest losing streak since June. Relevant news included...
Daily Wrap
Yesterday afternoon it looked like we had a little more downside to go, “With 8 of 11 sectors lower and...
Daily Wrap
While it was a fairly weak day for stocks (and bonds and crypto), the NASDAQ did manage to eke out...
Daily Wrap
Today was another relatively quiet, uninspired day ahead of tomorrow’s Payrolls. This is exactly what I expected yesterday. “the day...
Daily Wrap
NASDAQ eked out a record high to start a September that has been surprisingly slow for stocks. New money flows...
Daily Wrap
The S&P ended August with the seventh straight monthly advance — the longest winning streak since January 2018 which ended...
Daily Wrap
Today’s soft Dallas Fed survey’s collapse confirms the recent trend of ‘soft’ survey data catching down to hard data. source:...
Daily Wrap
The market’s rebond momentum has halted as Jackson Hole starts. Today was a bit of a rough day for the...