Intraday Update
1:59 p.m. ET A new Bloomberg report on Wednesday, citing data from Fitch Ratings, showed that delinquency rates on subprime auto loans surged...
Market Update – Ugly, But Likely To Find Support Soon
12:10 p.m. ET The Mega-caps are down again as the broader market sees weaker participation than previous sessions. This comes...
A.M. Update
S&P futures are down -0.35%, NASDAQ futures are down -0.45% with semis under some pressure in premarket, and Russell 2000...
Daily Wrap – Government Shutdown Over; The Take On The Week so Far
The stock market posted another mixed showing. Despite index futures and pre-market activity hinting at Tech and growth stocks outperforming...
Afternoon Update
We’re headed for a mostly flat/mixed close, with the exception of the DJIA. The 3C charts in the last post...
Intraday Update – Change in Tone as AI/Data Stocks Slide
2:41 p.m. ET The S&P is flat as AI and data stocks slide. Palantir Technologies (PLTR -4.8%), Oracle (ORCL -3.7%), and...
Mega Caps Slide
12:55 p.m. ET It’s been an interesting start to the day. Overnight and premarket futures action suggested another daily rotation,...
A.M. Update
S&P futures are up 0.35% ahead of the imminent reopening of the U.S. government. A full House vote to fund...
Daily Wrap – Both HY and IG Credit Risks Emerge
The day was relatively quiet, in line with yesterday’s 1-day overbought internals. Renewed AI concerns drove rotation, reversing yesterday’s Momentum...
Intraday Update
3:06 p.m. ET The day’s tone is little changed and relatively quiet at the index level, beyond health care driven...
Rotation to Value As The AI Narrative Get Some Bad News
1:12 p.m. ET Market action today is something of a flip-flop, but also in-line with yesterday’s moderate 1-day overbought internals....
A.M. Update
S&P futures are down 0.25% and NASDAQ futures are down 0.5%. The Senate passed its funding bill, and the House...
Daily Wrap
Last week was the market’s worst week since April, but ended the week by running right into multiple Technical Support...
Afternoon Update
The three mega cap heavy sectors continue to provide the lionshare of leadership, but participation has improved since the open...
Market Update – It’s Going To Be a Dynamic Week
1:18 p.m. ET The averages hit a bunch of technical levels on Friday, but what a difference a weekend makes....
A.M. Update
After one of the worst weeks since April and tagging technical support levels across the market Friday, S&P futures are...
Afternoon Update – Technical Support
This week has led to quite a reversal in mega cap and large cap tech stocks. SPX/MAGS normalized on the...
Selling, but Contained to Tech/Mega Caps
1:40 p.m. ET Friday is seeing continued weakness in mega cap and growth stocks. Both the S&P and Nasdaq-100 are...
A.M. Update
S&P futures are down 0.35%, NASDAQ futures down 0.5% and Russell 2000 futures down 0.7% with most of the Mag...
Daily Warp – AI A Zero Sum Game That the U.S. Loses?
First things first. Two the two main themes covered in Wednesday’s Daily Wrap Summary section were the state of the...