Daily Wrap
Index futures gained overnight, but gaining in what I described this morning as, “a steady upward slope throughout the overnight...
Afternoon Update -Apple Reporting After The Close
Stocks reached intraday highs as yields declined to intraday lows, but the major averages haven’t made that higher high in...
Market Update Ahead of Apple Earnings & tomorrow’s Payrolls Report
2:42 p.m. ET The S&P 500 is trading 0.9% higher and the NASDAQ-100 sports a 1.25% gain. The Russell 2000...
Early Update – Lots of Charts and Info
12:46 p.m. ET Overnight gains were pared into the cash open. It may have been the fact that despite building...
A.M. Update
S&P futures are up +0.65%, gaining in a steady upward slope throughout the overnight session. Earnings news since yesterday’s close...
Daily Wrap – FOMC
The major indices traded in relatively narrow ranges in the early going as investors looked ahead to this afternoon’s FOMC....
Afternoon Update: Dovish & Hopeful Powell
The FOMC policy statement was a nothing burger, but as suspected in my Pre-FOMC Update, “Just knowing Powell and the...
FOMC Update – VERY Little Reaction
2:25 p.m. ET The Fed held the Fed Funds rate at 5.25% to 5.5% as expected. Probably the most notable...
Pre-FOMC Update
1:41 p.m. ET The FOMC (2 p.m. ET) is less than 20 minutes away. There is not a lot of...
Early Update – More Stagflationary Data Ahead of the FOMC
11:21 a.m. ET This morning we have more stagflationary data. S&P Global’s US Manufacturing PMI (survey) fell from 51.9 in...
A.M. Update
S&P futures are down -0.3%. The latest policy move by the FOMC will be announced at 2:00 ET followed by...
Daily Wrap – Economic Data Adds Slowing Growth to Rising Inflation
Today’s downside bias in the stock market was driven by a jump in market rates, initially sparked by this morning’s...
Afternoon Update
Today’s economic data, even the historically little noticed tier 2 data such as we saw in pre-market, painted a clear...
Early Update – Stagflation Data
1 p.m. Since the open we’ve received more worrisome data pointing to heightened prospects for stagflation (stagnating/falling economic growth, coupled...
A.M. Update
S&P futures are down -0.4% after the Q1 Employment Cost Index (ECI) – a data point that typically doesn’t garner...
Daily Wrap
The stock market traded modestly higher through most of the session today, following through on the averages’ best week since...
Afternoon Update
Most of the major averages have been consolidating last week’s gains since Friday afternoon… SPX (2m) However, the SPX/NDX are...
Intraday Update – Small Caps Outperform As The S&P Challenges Its 50-Day From Below
1:46 p.m. ET SP-500 +0.4%, Dow +0.35% (Transports +0.35%), NASDAQ-100 +0.45%, Small Caps +0.95% S&P-500 (daily) and 50-day There’s another...
Early Update – Consolidations Continue
11:45 a.m. ET Thursday afternoon and Friday, the averages started displaying consolidative activity of the week’s gains. This morning is...
A.M. Update
S&P futures are up +0.25% following last week’s higher finish. Tesla (TSLA) is up more than +12 in front of...