Market Update – Holding Out For Apple & Amazon Earnings
12:49 p.m. ET “Sell the news” vibes surround the Trump/Xi summit, but the real driver is unwinding this week’s mega-cap...
A.M. Update
S&P futures are down 0.45%, Nasdaq down -0.65% and Small Caps -0.7% in what I would call a sell the...
Daily Wrap – Powell Yanks the Rate-Cut Rug
The stock market had a rather eventful session ahead of the FOMC, then things got interesting. I noted yesterday, “I...
Afternoon Update
I was surprised at a lot of what I heard in Powell’s press conference. The Fed, as contentious as the...
Hawkish
2:48 p.m. ET There are quite a few interesting tidbits in Powell’s presser so far, but the one that moved...
FOMC Update
2:16 p.m. ET As expected: Fed cuts the FFR by -25bp to 3.75%-4.00%. There were two dissents: Trump’s temporary pick,...
Market Update
12:58 p.m. ET Today has the very real potential of being extremely fluid and dynamic, between the Fed, 3 mega...
A.M. Update
S&P futures are up +0.25% as Nvidia extends its rally, up +3.5% in premarket– becoming the first company to eclipse...
Daily Wrap – The S&P Set A Record Today; Not A Good One
Tech stocks, and virtually Tech stocks alone, led the market amid horrendous breadth, even in the leading Technology sector. Some...
Afternoon Update
The majority of S&P sectors are lower (8 of 11) and presently 370 of the S&P-500 components are lower. The...
Market Update
1:26 p.m. ET Broadly speaking, Tech names are still providing leadership while the broader market largely moves lower, while a...
A.M. Update
S&P futures are up 0.1%. On the trade front, President Trump has reiterated his belief that his Thursday meeting with...
Daily Wrap – BIG Week
Over the weekend, U.S.-China trade negotiators met in Malaysia to prepare for the October 30 Trump-Xi summit. Both parties reported...
Afternoon Update
Not much has changed at the index level. The S&P 0.15% higher since the last update. The cash session range...
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...