Market Update – Wild Week
12:56 p.m. ET Stocks are catching up to the weekend trade deal optimism reflected in Bitcoin Sunday with a +2.6%...
A.M. Update
S&P futures are up +0.8% after U.S. Treasury Secretary Bessent and U.S. trade rep Greer announced that a framework for...
Bank of England: All chips in! Would a fall in AI-related asset valuations have financial stability consequences?
Here’s the article from the Bank of England for those interested. “‘AI stocks’ comprise a growing share of the market...
Afternoon Update
There hasn’t been much movement for the major averages in today’s dull cash session. Most gains were futures overnight and...
Market Update
1:20 p.m. ET CPI was below consensus on a MoM and YoY basis. YoY CPI (3.0%) was the hottest since...
A.M. Update
S&P futures are up +0.6% following a cooler than expected, but mostly irrelevant CPI report. S&P futures were already up...
Daily Wrap
Tech and Mega cap stocks rebounded to retrace yesterday’s losses, as earnings played another influential role in day-to-day sector performance....
Afternoon Update
President Trump is speaking live to make an announcement that seems to be about cartels, but there are reports of...
Market Update
1:40 p.m. ET The day has been filled with reactions to earnings, constantly contradicting headlines about the White House’s intentions...
A.M. Update
S&P futures are down 0.1%. Most of the “magnificent seven” names are down in the pre-market this morning, with Tesla (TSLA -3.7%)...
Daily Wrap – Selling High Beta Momentum
Today wasn’t a great showing by the stock market, but it was orderly. Earnings continue to play a role in...
Afternoon Update
The game is still afoot. As illustrated last night, even after 7-days or correction/consolidation/short covering, all of the SPX’s price...
Market Update – Orderly Decline as Momentum Continues to be Sold
1:21 p.m. ET Last night I mentioned the Momentum style factor was under pressure, with Goldman Sachs mentioning the same....
A.M. Update
Index futures are mixed. S&P futures are up +0.1%, Nasdaq-100 are down -0.15% and Russell 2000 are down -0.3%. Netflix (NFLX) is...
Daily Wrap: Gold and Silver’s Worst Day In Years
Following yesterday’s 1-day overbought internals signal and breadth oscillators resetting from oversold (Thursday) to overbought (Monday), the S&P 500 and...
Afternoon Update
Apart from a few earnings-driven moves in S&P sectors, the stock market was lackluster today, with short-term overbought conditions yesterday...
Intraday Update – Quick Head’s Up
1:40 p.m. ET I’m bringing this to your attention given the SPX/NDX are stalled near Oct. 10th highs. TRUMP: MAYBE...
Market Update – Precious Metals Pummelled
12:47 p.m. ET After yesterday’s 1-day overbought internals, the market is struggling to find direction. The few standouts are sectors...
A.M. Update- Flat Open; Precious metals Tumbling
S&P futures are unchanged. Gold and Silver futures are down -3% and -5% respectively. This morning’s earnings reports are largely...
Daily Wrap – More Defensive Than You Might Think
The market benefitted from quiet weekend with no new China tariffs, and a sense of optimism over U.S.-China trade. President...