Market Update
There’s a lot of herky-jerky movement related to earnings reports. Today’s bank earnings lasered in on a sequential moderation in...
A.M. Update
S&P futures are down -0.1% and Nasdaq 100 futures are still down -0.8%, while Dow (+0.85%) continue to gain. Small...
Semis Soft, Oil Firm, Liquidity Thin
It was a quiet start to the week, with the bond market closed for what was a three-day weekend for...
Afternoon Update- Higher Oil = Higher Rates
Today has been a fairly quiet day, whether that’s due to the bond market being closed or just a slow...
A.M. Update
S&P futures (+0.05%) are headed for a subdued start to the week as investors prepare for the unofficial start of...
Afternoon Update
The preliminary reading for the University of Michigan Consumer Sentiment Index for October decreased to 46.3 (consensus: 48.1) from the...
A.M. Update
S&P futures are up +0.3% after OpenAI did some damage control indicating that annualized revenue is still expected to meet...
Tech Diverges as OpenAI Revenue Miss Hits AI Complex
Thursday’s session ended with a notable divergence between technology stocks and the broader market, largely due to disappointing revenues from OpenAI....
Market Update
Weakness in the most heavily-weighted Tech sector with the additional headwind of higher early yields and energy, weighed on equities...
A.M. Update
S&P futures are down -0.4% while crude oil futures are up +4.35%, as tanker traffic through the Strait of Hormuz...
Failed Breakouts Still in Play. Oil May Be Equities’ Achilles’ Heel.
Wednesday was a Sea of Red. The S&P and Nasdaq new highs on Shooting Star candlesticks wasn’t a great look...
Afternoon Update
Multiple Explosions were reported in the strait of Hormuz area. The cause unknown at this time. Iran is said to...
Market Update -Sneak Peak
Higher rates with higher energy were weighing on the market right from the get-go. The rotational theme is somewhat in...
A.M. Update
S&P futures are down -0.4%, Nasdaq-100 futures down -0.7% , while Dow and Russell 2000 futures are down closer to...
Yields and Oil Consolidate, Beaten-Up Stocks Bounce: Fragile Record Highs
As price and the macro environment developed last week — including rates and oil hitting measured moves and ready to...
MArket Update- Things Are Developing As Expected. Consolidations in Crude & Rates opened a Small Window For the Unloved Stocks
Stocks are extending their solid start to the week with good tech leadership and a favorable macro backdrop as rates,...
A.M. Update
S&P futures are up +0.45%. The Dollar (-0.3%), Oil prices and Treasury yields are moving lower this morning, adding to...
A Tale of Two Markets
The stock market had a pretty decent Monday. The averages and sectors got off to a little bit of a...
Afternoon Update
There’s some broad-based profit taking into the close. The SPX is trading below the $7780 level mentioned. Consumer discretionary is...
Market Update: Fed Repricing Buys the Bounce. Yields, Oil, and $64 Billion of Selling Are Still the Overhang
A Saudi-led coalition opened its largest Yemen offensive in years after recent Houthi gains along the Red Sea coast and...