Early Update – Oil Getting Interesting – Powell Testifies
1231 p.m. ET I’m trying to multi-task this morning, listening to Powell’s testimony before Congress (day one of the 2-day,...
A.M. Update
S&P futures are down -0.4% ahead of Powell’s semi-annual congressional testimony (10 a.m. ET). The negative bias comes amid uncertainty...
Daily Wrap
The last couple of weeks we’ve had “weekend” trading sessions. This weekend’s had a bit of a monkey-wrench thrown in...
Afternoon Update
There’s been very little movement in the averages, S&P sectors or style factors since the earlier market update. (2m) There...
Market Update – Fairly Calm, Some Inflationary Commodities
1240 p.m. ET Friday the market was getting ugly and looking like an ugly Monday morning in what’s become a...
A.M. Update
S&P futures are up +0.6%. The market has taken new tariff talk in stride, not reacting much after President Trump said...
Afternoon Update
The stock market started the session on neutral footing. The major indices were moving higher early on, bolstered by mega...
Early Update – Inflationary Data
1257 p.m. ET I didn’t want to get too much into the Payrolls report given there’s a lot to pour...
A.M. Update
S&P futures we’re flat into payrolls and after a little knee jerking on the payrolls report, they’re still flat. Amazon...
Daily Wrap – Amazon Disappoints
I’m going to ep tonight on the short side given the key events were afterhours and tomorrow morning with the...
Intraday Update
302 p.m. ET Here we are in today’s “slowed”, virtually flat market… SPX (1m) today in yellow. SPY’s (1m) short-term...
In “Wait & See” Mode
1215 p.m. ET Yesterday afternoon 3C showed that price momentum was fading in the post, “Slowing..” So far this morning,...
A.M. Update
Early trading has a mixed vibe as participants digest another big batch of earnings news . Qualcomm (QCOM) and Ford...
Daily Wrap – Where’s The Leadership?
As 3C suggested yesterday afternoon, all of the averages added some gains today. Small caps outperformed amid another one of...
Afternoon Update Gold, Crude and Copper
Gold added to its gain today. I don’t love the volume. Gold futures (3m) I think the best thing Gold...
Intraday Update – Slowing
257 p.m. ET Hot-Take incoming… The 10-yr yield is down -9bp (2-yr down -3bp). There’s an economic growth scare taking...
Market Update – Small Caps Lead
1254 p.m. ET We got a lull in trade war related news yesterday. That has ramped back up today, and...
A.M. Update
S&P futures are down -0.35% and NASDAQ down -0.65% following a slate of disappointing earnings news since yesterday’s close. Alphabet...
Daily Wrap
The market got relatively good news over the last 24 hours with 25% tariffs on Mexico and Canada pushed out...
Afternoon Update
Alphabet (GOOG +2.85%) trades up ahead of its earnings report this afternoon. Along with a gain in Meta Platforms (META...