Early Update
11:41 a.m. ET The market has a recessionary feel this morning with the economically sensitive averages underperforming, while those with...
A.M. Update
S&P futures are up +0.25%. The early positive bias is supported by pre-open gains in some mega cap names and...
Daily Wrap
You might have noticed I didn’t post as much as usual today. I’ve had a 103f-104f fever most of the...
Afternoon Update – Hawkish Fed
The major indices are heading lower after the conclusion of Fed Chair Powell’s press conference. The S&P 500 trades near...
Hawkish FOMC
The Fed left the Fed Funds rate unchanged as expected and said it won’t be appropriate to cut until the...
A.M. Update – Energy Prices Behind Cooler Than Expected CPI
S&P futures are up +0.9% following a c0oler than expected CPI. Total CPI was flat in May (consensus 0.1%) following...
Daily Wrap – CPI & FOMC On Deck
Like yesterday, the market started out on the weaker side and improved modestly as the day went on. A big...
Afternoon Update
That last intraday post was right on. Honestly it’s still a crap day for the market of stocks. 9 of...
Intraday Update – Yields Lower
1:46 p.m. ET The results of a $39 billion 10-yr note reopening met stellar demand, snapping a streak of poor...
Early Update
12:15 p.m. ET The stock market opened to broad based selling activity. Decliners opened with a better than 4-to-1 lead...
A.M. Update
S&P futures are down -0.3% with Small Caps the worst (-0.8%). Treasury yields are lower (2y -3 bp & 10-yr...
Daily Wrap
The stock market started the new week with losses, but ended the session with gains. Moves in both directions were...
Afternoon Update
Apple is not looking great into the close. In fact, it’s looking like a bearish intraday consolidation, after introducing “Apple...
Apple Sinks on AI
3:21 p.m. ET Apple (AAPL -1.6%) dropped further into negative territory after introducing its AI feature, “Apple Intelligence” at its...
Market Update +0.15% Across the Board
2:27 p.m. ET There’s not a lot of conviction today in front of some market-moving events this week. This week...
Early Update
12:08 p.m. ET The market is off to yet another mixed start, partly due to modestly higher rates, a stronger...
A.M. Update
S&P futures are down -0.2% and Small Cap Russell 2000 is down -0.9%, pressured by a jump in Treasury yields...
Afternoon Update
The averages are mixed and seemingly little changed, except for economically sensitive Small Caps, which briefly went red year-to-date (right...
Early Update – Yields and Dollar Jump, Averages Holding Up Fairly Well
12:22 p.m. ET The equity market is mostly little changed at the index level, with the exception of Small Caps....
A.M. Update – Payrolls HOT
S&P futures are down -0.4% as Payrolls and wages soared. Nonfarm payrolls increased by 272,000 in May, well above 180k...