A.M. Update
S&P futures are down -0.1% to start the holiday-shortened week (markets are closed Wednesday for Juneteenth). The 10-yr yield is...
Afternoon Update
Wow, slow day in the markets today. Mega caps are pretty much the only thing supporting index performance, and even...
Early Update – Ugly Under The Hood
12:37 p.m. ET I’m going to go through the normal stuff of this post, but add some additional charts I...
A.M. Update
S&P futures are down -0.45%. European stocks, which are headed for their worst week since January on growing concerns about...
Daily Wrap
The equity market saw 2-way action today, despite a cooler than expected Producer Price Index and surging Initial Jobless Claims,...
Afternoon Update
A strong $22 billion 30-yr bond reopening sent yields lower and more S&P sectors moved into the green, but mostly...
Intraday Update – Stocks Near Session Lows, But Yields Lower
1:14 p.m. ET The major averages remain near session lows, but yields have moved lower. S&P futures (2m) and 10-yr...
Early Update
11:41 a.m. ET The market has a recessionary feel this morning with the economically sensitive averages underperforming, while those with...
A.M. Update
S&P futures are up +0.25%. The early positive bias is supported by pre-open gains in some mega cap names and...
Daily Wrap
You might have noticed I didn’t post as much as usual today. I’ve had a 103f-104f fever most of the...
Afternoon Update – Hawkish Fed
The major indices are heading lower after the conclusion of Fed Chair Powell’s press conference. The S&P 500 trades near...
Hawkish FOMC
The Fed left the Fed Funds rate unchanged as expected and said it won’t be appropriate to cut until the...
A.M. Update – Energy Prices Behind Cooler Than Expected CPI
S&P futures are up +0.9% following a c0oler than expected CPI. Total CPI was flat in May (consensus 0.1%) following...
Daily Wrap – CPI & FOMC On Deck
Like yesterday, the market started out on the weaker side and improved modestly as the day went on. A big...
Afternoon Update
That last intraday post was right on. Honestly it’s still a crap day for the market of stocks. 9 of...
Intraday Update – Yields Lower
1:46 p.m. ET The results of a $39 billion 10-yr note reopening met stellar demand, snapping a streak of poor...
Early Update
12:15 p.m. ET The stock market opened to broad based selling activity. Decliners opened with a better than 4-to-1 lead...
A.M. Update
S&P futures are down -0.3% with Small Caps the worst (-0.8%). Treasury yields are lower (2y -3 bp & 10-yr...
Daily Wrap
The stock market started the new week with losses, but ended the session with gains. Moves in both directions were...
Afternoon Update
Apple is not looking great into the close. In fact, it’s looking like a bearish intraday consolidation, after introducing “Apple...