Daily Wrap
Today was yet another insanely volatile day in intraday action (Dow swung 900 points) as we have seen all week,...
Afternoon Update
The market’s response to the FOMC statement was “blah”, but hawkish during Powell’s presser. Powell is finally faced with the...
FOMC Knee Jerks Reactions
2:32 p.m. ET Not much change. Asset purchases (QE) to end in early March Start of a hiking cycle “soon”...
Pre-FOMC Market Update
1:27 p.m. ET The averages have settled in to a lateral intraday range holding gains. The FOMC is up next...
Maret Update – Rebounding, but Nothing Much Changed.
10:48 a.m. ET The averages got off to a good start, but have faded since the open. The S&P was...
A.M. Update
S&P futures are up +1.55% in front of the Fed decision, following through on the rebound effort, but still within...
Daily Wrap
Today had a similar theme to yesterday … extreme intraday volatility. Futures/stocks saw early weakness, then a rebound with Small...
Afternoon Update
Over the last hour or so most of the major averages put in another decent intraday rebound, not as spectacular...
Intraday Update – Yields Up, 3C Improving
1:50 p.m. ET SP-500 -1.05%, Dow -0.3%, NASDAQ-100 -1.95%, Small Caps -1.3% Two quick developments and their on opposite sides...
Early Update
11:15 a.m. ET This morning looks similar to yesterday morning in which retail unloaded a lot of shares before buyers...
A.M. Update
After what ended up being one of the greatest intraday market reversals in history yesterday, US index futures resumed their...
Afternoon Update – Capitulation
There will be no Daily Wrap tonight. My girlfriend puts up with my late-night week work hours without complaint and...
Market Update – Capitulation Looking More Likely
1:47 p.m. ET The S&P entered what the blue-pill financial media calls a correction, down 10% from the highs. Meanwhile...
Early Update – Potential Capitulation Event
10:14 a.m. ET U.S. PMI’s came out after the open. Manufacturing PMI dropped from 57.7 to 55.0 (worse than the...
A.M. Update
It’s going to be a busy week and S&P futures are starting off lower by 1.5% in a continuation of...
Afternoon Update
As I write this before the close, the averages have hit new session lows and the S&P is below its...
Market Update
3:01 p.m. ET It’s been a pretty slow-going, dull day thus far. The S&P continues to trade around its 200-day...
Early Update – S&P Testing 200-day, Yields sharply Lower
10:39 a.m. ET The S&P is testing its 200-day successfully and off session lows of -1.35%, at -0.3% The Dow...
A.M. Update
The futures market remains under pressure after Netflix (NFLX -19.9%) forecasted slower subscriber growth for the first quarter, keeping a lid on...
Daily Wrap
Index futures gained overnight and even managed to rally after a weak initial claims report in pre-market as bond yields...