A.M. Update
I won’t detail the case I’ve been making for weeks, or longer in some assets, as you’re more than familiar...
Long Duration Runs Into Higher Rates
The major averages are lower across the board as the market faces a continuation of yesterday’s weakness across tech names....
A.M. Update
S&P futures are down -0.65% led lower by Nasdaq futures down -1.35% and the KOSPI down -5.35% as chipmakers extend...
Rotation into Laggards: Tech Pulls Back While Dow Hits New Highs
Stocks finished mostly higher today as rotation across the broader market helped offset a pullback in Tech/Semi names. The weakness...
Afternoon Update
From a broad perspective, Semis’ extreme rally from mid-May, dragging along the Tech sector, has a crack. SOX (15M) Tech...
Semis Show Cracks, But Dialed Down Geopoltical Tensions Support Rotation
Tech stocks and the AI trade are under pressure after several high-profile names reported earnings, raising fresh doubts about the...
A.M. Update
S&P futures are down -0.3%. Semiconductor stocks, which outperformed yesterday despite the broader tech weakness, are facing some earnings-driven pressure...
Wartime Correlations Are Back, And AI Stocks Are Most Exposed
Wartime correlations that the stock market broke with when the ceasefire went into effect, are back in play, but it’s READ MORE
Wartime Correlations Are Back, And AI Stocks Are Most Exposed
Wartime correlations that the stock market broke with when the ceasefire went into effect, are back in play, but it’s...
Afternoon Update
Markets were relatively quiet this afternoon on the 3C charts, though I still have a few left to review. SPY...
Market Update – Reacting to higher Yields on Geopolitical Risk, but 6% Inflation on Deck?
Oil prices are higher amid latest conflict escalation between the U.S. and Iran, pushing yields higher and weighing on stocks....
A.M. Update
S&P futures are down ~0.2% as renewed hostilities between the U.S. and Iran have oil prices and Treasury yields moving...
Record AI Chase Continues on Razor-Thin Breadth While Oil Signals Higher for Longer
Geopolitical news and events were nowhere near as dramatic as Monday, though we did get some information and answers. Iranian...
Afternoon Update
The major averages are mixed late in the session. I haven’t seen the kind of afternoon 3C action apparent Monday...
Market Update
Index level performance isn’t much different than yesterday. more sectors are green. Internals are roughly the same. There hasn’t been...
A.M. Update
S&P futures are down -0.2%, though off overnight lows. Axios reports that President Trump lashed out at Israeli Prime Minister Benjamin...
Geopolitical Whiplash: Markets Hit Record Highs on Narrow Leadership as Middle East Tensions Heat Up Again
What a way to kick off the week , straight back into the deep end of the geopolitical pool. Fresh...
Addendum
The feel I got from the 3C charts (cap-weighted averages with weaker closing 3C charts; volatility with a noticeably stronger...
Quick 3C Look
Something is “modestly” off. My best guess is that after witnessing events on the ground, and then hearing the political-talk,...
Ceasefire on Thin Ice: Israeli Deep Push into Lebanon & Iranian Threats Collide with Axios/Trump Optimism
The post-war ceasefire was unraveling fast, sending oil and yields higher right at key areas where price action has suggested...