A.M. Update
S&P futures are up +0.7% and NASDAQ-100 are up +1.2% (Doe +0.15%) following NVIDIA’s (NVDA) impressive earnings results. NVDA shares...
Daily Wrap – The Fed Is More Worried About Inflation Than Portrayed, and Nvidia BEATS
The market exhibited mixed action again, almost frozen most of the day until the FOMC minutes were released. The hawkish...
Market Update
We’re going to look at a few different price trends as the FOMC didn’t help stocks, and we have Nvidia...
Fed Minutes Hawkish
2:33 p.m. ET The minutes from the May FOMC are out and they are more hawkish than expected. The bottom...
Early Update: Equity Markets Flat and Frozen & Commodities Broadly Lower
11:55 a.m. ET There’s a negative bias in early trading, but true to this week’s form, there’s not a lot...
Daily Wrap – Amid A Quiet Market Transports Have An Ugly Day
Within 5 minutes of looking at the market this morning my quick take (before I went through everything and posted...
Afternoon Update
Tone has improved a tiny bit since the last update when the majority of the averages were unchanged. Still, this...
Intraday Update – FOMC Minutes On Deck
1:34 p.m. ET My fist instinct upon a quick look at the market this morning was, “ the market is...
S&P Biotechs (XBI) Update
12:38 p.m. ET XBI (-1.1%) is consolidating again, thus far in a bullish flag. XBI (10m) The measured move coming...
Early Update: Transports Break, The Rest of the Market Is Unchanged
11:47 a.m. ET We had quite a few Fed speakers this morning already and some more to come: 9:00: Fed’s...
A.M. Update
S&P futures are down -0.07&, NASDAQ-100 down -0.23% and Russell 2000 futures down -0.6%. Earnings results from retailers garnered mostly...
Daily Wrap – Underappreciated Inflation Risk Building?
The averages were mixed in thin trade ahead of the week’s fulcrum events. In my view, that’s primarily Nvidia’s earnings...
Market Update – Another Record For Gold
3:17 p.m. ET Today’s trade features a positive bias despite the fact that only 4 of 11 sectors are green...
Early Update -Semis Outperform on Upgrades & Commodities Extend Gains
12:09 p.m. ET This week is a fairly dull week for economic data. Some of the highlights include the FOMC...
A.M. Update
S&P futures are pretty flat (up +0.04%) following Friday’s flat equity market and commodity rally. Slightly higher yields are partly...
Afternoon Update – Stocks Dead, But Commodities Jumping & Threatening To Resume The Reflationary Impulse
3:15 p.m. ET I’m getting this post out earlier than usual because I think today’s developments are huge and I...
Early Update – Stocks Very Dull, Metals and Energy Products Are Big Movers
11:39 a.m. ET It’s another dull start to this morning’s session in equities, although Metals and some Energy products are...
A.M. Update
Stock futures indicate a flattish open. S&P futures are up less than a tenth of a percent in the same...
Daily Wrap
Yesterday’s cooler than expected Headline CPI and weaker than expected Retail Sales were the perfect Goldilocks combo of rate-cut odd...
Afternoon Update – Just A Snoozer or Something Else?
3:55 p.m. ET The market has exhibited mixed price action following yesterday’s record high closes for some of the major...