Early Update – Not a Bad Start
10:46 a.m. ET The averages have tacked on some gains since the cash open. Yields remaining relatively under control, and...
A.M. Update
On the final trading day of January index futures are split with S&P futures down -0.2% and NASDAQ-100 futures up...
Afternoon Update
Monday we got seller’s exhaustion or capitulation and since then price has been in a correction (except small caps) with...
Market Update -Small Caps Testing Morning Lows Soon
2:30 p.m. ET Yields are down between 1 and 3 bp as the Fed’s preferred measure of inflation came in...
Early Update
11:11 a.m. ET The averages are off their worst levels of the morning. And they’re trading just under the bear...
A.M. Update
Apple’s earnings gave futures a boost last night, but futures have since faded the gains with S&P futures currently down...
Daily Wrap
The S&P 500 lost 0.5% on Thursday, closing lower for the third straight day as investors sold into early strength...
Afternoon Update – Reading the Tea Leaves
Since the last update expecting Small Caps to test Monday’s low and the S&P, Dow to follow NASDAQ-100 and test...
Test of Flags
1:29 p.m. ET Intraday price action remains volatile. Each of the major indices started the session up between 1.6-1.8% in...
Early Update
11:06 a.m. ET As touched on in the overnight section of last night’s Daily Wrap looking at Treasury futures, yields...
A.M. Update
S&P futures are up +0.8% The 2-year yield has jumped another 9 basis points to 1.18%. Long-term rates have slipped,...
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...