Intraday Update – Very Volatile, Unstable Trade
2:02 p.m. I’m surprised how volatile today’s session has been and I’m not just talking about intraday swings in the...
Short Covering
11:18 a.m. ET SP-500 +0.3%, Dow -0.25% (Transports 0%), NASDAQ-100 +0.8%, Small Caps +1.6% In the Early Update I mentioned,...
Early Update – Change in Tone For Growth Stocks
10:48 a.m. ET In the A.M. Update, talking about Treasury yields, I said, ” These are the conditions that would...
A.M. Update
S&P Index futures extended losses by -0.7% with mega-caps taking the brunt of selling after yesterday’s CPI and ahead of...
Daily Wrap
Markets were whipsawed back and forth overnight and in today’s cash session as a result of the CPI report (Consumer...
Afternoon Update – Mega-Cap Weaknes
CPI data came in weaker than expected, upsetting market hopes that inflation may be peaking. Yet CPI did moderate from...
Intraday Update
It looks like the averages are about to come off their session lows. One notable development is today’s relative weakness...
Intraday Market Update
1:38 p.m. ET Intraday trade continues to be choppy since the CPI report when stocks fell to session lows, rallied...
Early Update – Nice Opening Rebound
10:50 a.m. ET Index futures had strong gains before the CPI report ruined investor’s hopes that we had hit peak...
A.M. Update
S&P futures had been trading up nicely this morning some +1.4% as treasury yields continued to fall, that is until...
Daily Wrap
The session started on a strong note for the market as the S&P 500 rallied as much as +1.9% amid...
Taking another Shot at Last Week’s Low With Mega-Cap Support
2:57 p.m. ET This morning when index futures were soaring higher, I mentioned a number of Fed speakers today that...
Intraday Update – Tech Relative Strength
12:41 p.m. ET Over the course of 2022 we’ve seen just how much yields matter to large-cap and mega-cap stocks,...
Early Update- Early Gains Faded to Test $4k
11:25 a.m. ET The S&P 500 was up as much as +1.9%, but met resistance at last week’s lows and...
A.M. Update – Index Futures Rally
After what seemed like a bit of necessary stop-loss related capitulation selling below S&P $4k last night, index futures have...
Daily Wrap
The S&P fell below $4k in a broad-based retreat today, although led by the Growth stocks (-4.1% vs. Value -2.8%)...
Intraday Update
I usually don’t have these updates after the Afternoon Update, but I thought this was important enough to get out...
Afternoon Update – Yields Should Be Supportive, Now the Spark
3:04 p.m. ET Steep losses remain in a risk-off session. The Nasdaq Composite (-3.95%) and Russell 2000 (-4.1%) are getting...
Early Update – Treasuries Leading and Could Lead to a Surprise Reversal
11:26 a.m. ET Price action is very ugly this morning and has the feel of deleveraging or a fund perhaps...
A.M. Update
S&P futures are down -1.5% after a wave of risk off tone swept global equity markets as the 10-year yield...