Daily Wrap – The Most Important Payrolls Report Ever?
One day after the Nvidia-led rally, the major averages barely moved today with the S&P closing essentially unchanged (-0.02%) ahead...
Market Update
2:49 p.m. ET The market continues to trade in mixed fashion today. There’s not a lot of conviction following record...
Higher Rates Coming?
1:01 p.m. ET WTI Crude Oil is up +2% and seems to have negated, or at least diminished the probabilities...
Early Update – Low Conviction Trade
11:36 p.m. ET The stock market opened mixed after several new record highs yesterday. There’s not a lot of conviction...
A.M. Update
S&P futures are flat. The ECB Ct rates 25 basis points as expected following the Bank of Canada’s rate cut...
Daily Wrap – Expected BOC Rate Cut Has Big Effect
The equity market and several other asset classes have had a deflationary (read as “recessionary”) feel this week. I warned...
Afternoon Update
Today has been a strong day at the cap-weighted index level due to gains in mega-caps (MGK +1.8%) and semiconductors...
Early Update – Recession Fears Recede (Sort Of)
12:32 p.m. ET We had an ugly start to the session, but a nice rebound. While the market didn’t knee-jerk...
A.M. Update
S&P futures are up +0.4%, led by gains in large-cap and small cap stocks. The calm action in Treasuries has...
Daily Wrap – Deflation?
As I wrote yesterday in relation to the deflationary feel of the market (yields, dollar and crude down, while gold...
Afternoon Update
Another interesting day for the start of June that has a deflationary feel to it, or the market worrying about...
June Brings Concerns Over The Economy
1:31 p.m. ET First things first… yesterday I said I entered a NASDAQ short position and that was my intention,...
A.M. Update
S&P futures are down -0.3%. Treasury yields and oil prices are lower this morning, reflecting ongoing growth concerns. The 10-yr...
Daily Wrap
Asia and Europe started the new month with a positive bias, as did U.S. index futures on the back of...
Market Update and Position Flip
3:19 p.m. ET Today is not a bloodbath in the market, but usually the equity market would be acting better...
Early Update
12:17 p.m. ET I want to get this post out because between Friday’s S&P rebalance that sent stocks roaring higher...
A.M. Update
S&P futures are up +0.25% to start the week. There’s a mostly positive bias in early trading to start the...
Afternoon Update -Looking Ahead
I’m going to get this post out a little early so you can take it in. And, it’s my birthday...
Mega-Caps Clipped Again
12:33 p.m. ET Treasury yields turned lower after the PCE data came in a little cooler than expected, and like...
A.M. Update – Core PCE Cools
S&P futures are up +0.3% after Core PCE comes in slightly cooler than consensus. Personal income increased 0.3% in April...