A.M. Update
Risk sentiment improved overnight with small Caps Russell 2000 futures +1.3% and Bitcoin +7% after hitting $60k, leading S&P futures...
Broadening Pain: Ugly Session Sees Selling Spread to Cyclicals, Defensives & Small Caps Amid Labor Market Warning Signs
Another ugly session, though unlike other sessions this week, selling broadened out to cyclicals and defensive sectors, with Small Caps...
Afternoon Update
I’m torn between the market fulfilling 1-day oversold internals (internals are just a tiny bit shy presently; sectors easily qualify;...
Market Update
For a week that key labor data was delayed by the government, what we are getting today is looking dismal:...
A.M. Update
S&P futures are down -0.6%. Mag-7 stocks are all lower. Alphabet (GOOG -4.4%) is under pressure after beating earnings estimates,...
Tech Selloff Deepens: Software in Bear Mode
The stock market had another rough day with the Technology pacing losses. Investors are increasingly worried that fast-improving AI tools...
ABI 13.83 On the Close
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ABI = 13.96 (3:57 P.M. ET)
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Software Mean-Reverting, Oversold Bounce?
Recap of the dominant theme this week: The market has aggressively rotated into a “long picks-and-shovels (semiconductors), short vulnerable software”...
Market Update – Tech Sell-Off May Be Nearing Short-Term Sellers Capitulation Ahead of Mega Caps Earnings
“Second verse, same as the first” The selloff in software stocks (triggered by AI disruption fears) has spread aggressively across...
A.M. Update
Index futures are mixed (S&P +0.1%, Nasdaq -0.35%, Dow +0.2%, RUT +0.4%). The Tech sector continues its rout, with AMD...
Daily Wrap
I’m headed back to the hospital as they just removed my mom’s intubation tube, and this is a critical moment,...
ABI 12.80’s
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Afternoon Update
Credit concerns around AI’s debt-financed buildout are picking up and back on investors’ radar. I mentioned yesterday that even...
Software Shredded by AI; Private Equity and IG Lenders Face Dual Risk Exposure
The broader market got off to a solid start with 7 of 11 sectors higher, though considerable weakness in the...
A.M. Update
S&P futures are up +0.2%, led by Tech after Palantir’s (+11%) earnings. The market will not receive today’s scheduled economic...
February Kickoff: Stocks Ignore Overnight Carnage in Gold/Silver/BTC; Oracle’s $50B Gamble
Illiquid extended hours/futures trade isn’t always the best indication for the cash market. In fact over the last few months,...
Afternoon Update
The major averages are higher, but cap-weighted (presumably Tech-related)averages have shaved some gains off with weaker 3C charts heading toward...
Market Update
Despite considerable weakness overnight, the broader market is higher with seven S&P 500 sectors trading green. The most notable shift...
A.M. Update
S&P futures are down -0.35% and Nasdaq-100 -0.55%, both well off the lows. Stocks wrapped up last week on a...