Apple Sinks on AI
3:21 p.m. ET Apple (AAPL -1.6%) dropped further into negative territory after introducing its AI feature, “Apple Intelligence” at its...
Market Update +0.15% Across the Board
2:27 p.m. ET There’s not a lot of conviction today in front of some market-moving events this week. This week...
Early Update
12:08 p.m. ET The market is off to yet another mixed start, partly due to modestly higher rates, a stronger...
A.M. Update
S&P futures are down -0.2% and Small Cap Russell 2000 is down -0.9%, pressured by a jump in Treasury yields...
Afternoon Update
The averages are mixed and seemingly little changed, except for economically sensitive Small Caps, which briefly went red year-to-date (right...
Early Update – Yields and Dollar Jump, Averages Holding Up Fairly Well
12:22 p.m. ET The equity market is mostly little changed at the index level, with the exception of Small Caps....
A.M. Update – Payrolls HOT
S&P futures are down -0.4% as Payrolls and wages soared. Nonfarm payrolls increased by 272,000 in May, well above 180k...
Daily Wrap – The Most Important Payrolls Report Ever?
One day after the Nvidia-led rally, the major averages barely moved today with the S&P closing essentially unchanged (-0.02%) ahead...
Market Update
2:49 p.m. ET The market continues to trade in mixed fashion today. There’s not a lot of conviction following record...
Higher Rates Coming?
1:01 p.m. ET WTI Crude Oil is up +2% and seems to have negated, or at least diminished the probabilities...
Early Update – Low Conviction Trade
11:36 p.m. ET The stock market opened mixed after several new record highs yesterday. There’s not a lot of conviction...
A.M. Update
S&P futures are flat. The ECB Ct rates 25 basis points as expected following the Bank of Canada’s rate cut...
Daily Wrap – Expected BOC Rate Cut Has Big Effect
The equity market and several other asset classes have had a deflationary (read as “recessionary”) feel this week. I warned...
Afternoon Update
Today has been a strong day at the cap-weighted index level due to gains in mega-caps (MGK +1.8%) and semiconductors...
Early Update – Recession Fears Recede (Sort Of)
12:32 p.m. ET We had an ugly start to the session, but a nice rebound. While the market didn’t knee-jerk...
A.M. Update
S&P futures are up +0.4%, led by gains in large-cap and small cap stocks. The calm action in Treasuries has...
Daily Wrap – Deflation?
As I wrote yesterday in relation to the deflationary feel of the market (yields, dollar and crude down, while gold...
Afternoon Update
Another interesting day for the start of June that has a deflationary feel to it, or the market worrying about...
June Brings Concerns Over The Economy
1:31 p.m. ET First things first… yesterday I said I entered a NASDAQ short position and that was my intention,...
A.M. Update
S&P futures are down -0.3%. Treasury yields and oil prices are lower this morning, reflecting ongoing growth concerns. The 10-yr...