A.M. Update
S&P 500 futures are trading close to unchanged. CPI cme in cooler than expected (except for a jump in super-core):...
Defensive Bias Amid More AI-Disruption Anxiety
Early modest gains reversed sharply into losses as the dead cat bounce in software and mega-cap stocks fizzled out. Investor...
Afternoon Update
Nearing the close, price action doesn’t look great. (5M) – the 100-day is just below, which could provide a speedbump/technical...
WTI Crude Oil Update
WTI is still holding its bullish consolidation. (60m) In my last update I mentioned that if you were interested, look...
Market Update
The market’s momentum flipped quickly again today, from a relatively calm open to noticeable mid-morning selling pressure. I’m grabbing the...
A.M. Update
S&P futures are up +0.35%. Cisco Systems (CSCO) is down -6.5% after the company gave a weaker-than-expected forecast for profitability...
Daily Wrap – AI Anxiety Making Rounds Across Multiple Sectors
Stocks opened higher out of the gate in response to the January Employment Situation Report showing a solid increase in...
Afternoon Update
Most averages are close to their unchanged marks. 3C’s intraday tone is leaning more neutral than yesterday. I’d characterize it...
URA Update
Without posting 5 or 6 different 3C timeframes, it’s hard to round out the bigger picture and the reason for...
Market Update
The strong January Payrolls report shifted things much more hawkishly, virtually pushing the first fed rate cut out to July...
Payrolls Sweet and Sour
Payrolls increased far more than expected,: January nonfarm payrolls increased by 138,000 (consensus: 65,000). December nonfarm payrolls were revised down...
Loss of Market Momentum, Mega-Cap Weakness, USD/JPY Nearing Worrisome Carry Trade Unwind Levels
The rebound effort off last Thursday’s low started to stall Tuesday. Early strength in the broader market succumbed to some...
Market Update
Index futures tone early in the overnight session was calm and composed, consolidating Monday’s cash session gains. Tone turned jittery...
A.M. Update
Index futures are flat after a jittery overnight session. USD/JPY (-0.3%) continues to trend lower. Retail Sales missed: Total retail...
Monday’s Muted Follow-Through: Tech Rebound Leads Nasdaq Higher. Japan’s Election Puts The Carry Trade Back On The Radar
The gist of the day was a continuation of Friday’s oversold bounce, pretty much as expected headed into the weekend...
Market Update – Dead Cat bounce continues as expected- losing momentum
Apologies this post is not as organized as I’d like, but it hopefully conveys the expectations from the end of...
A Personal Note to Subscribers
I wanted to let you know that my mother passed away over the weekend. The coming days and weeks will...
A.M. Update
S&P futures are down -0.2% and Nasdaq down -0.3%, somewhat correlated to USD/JPY’s -0.45% slide after PM Takaichi’s landslide election...
AI Disruption Hits Hard: Software Bear Market, Mega-Cap Tops, and Credit Cracks
The week began with a classic relief/oversold bounce (Monday) driven by strong manufacturing data, but quickly gave way to intense,...
Market Update – Strong Rebound, Except for Mag-7
Market tone is quite a shake-up from the week’s trend. Even today things have been dynamic. It’s tempting, and probably...