Daily Wrap
Asia and Europe started the new month with a positive bias, as did U.S. index futures on the back of...
Market Update and Position Flip
3:19 p.m. ET Today is not a bloodbath in the market, but usually the equity market would be acting better...
Early Update
12:17 p.m. ET I want to get this post out because between Friday’s S&P rebalance that sent stocks roaring higher...
A.M. Update
S&P futures are up +0.25% to start the week. There’s a mostly positive bias in early trading to start the...
Afternoon Update -Looking Ahead
I’m going to get this post out a little early so you can take it in. And, it’s my birthday...
Mega-Caps Clipped Again
12:33 p.m. ET Treasury yields turned lower after the PCE data came in a little cooler than expected, and like...
A.M. Update – Core PCE Cools
S&P futures are up +0.3% after Core PCE comes in slightly cooler than consensus. Personal income increased 0.3% in April...
Daily Wrap
Yesterday afternoon, after noting a positive divergence in the DIA (and to a lesser extent Small Cap IWM), I wrote:...
Afternoon Update – Weak Effort With Massive Mega-Cap Weakness
3:34 p.m. ET Today’s market has good breath and participation with 8 of 11 sectors green and advancers better than...
Early Update – Small Over Large; Working Off 1-Day Oversold
12:40 p.m. ET The CME Group index pricing for the Dow Jones Industrial Average and S&P 500 froze around 10:41...
A.M. Update
Treasury yields are lower by a decent margin of 5-6 basis points following this morning’s economic data (GDP & Initial...
Daily Wrap
Stocks had a poor showing today with broad-based selling in what has been a fairly non-stop round of selling since...
Afternoon Update – Beige Book Not So Optimisitc
The Fed’s Beige Book is out this afternoon ahead of tomorrow’s Q2 GDP (recall Q1 GDP slid to 1.6% from...
Early Update – Higher Rates Causing Oversold Internals
12:17 p.m. ET It’s odd to watch how long it takes investors to react to something that happened yesterday with...
A.M. Update
S&P futures are down -0.75% and NASDAQ-100 futures down -0.9%, pressured by rising market rates. The 10-yr yield is up...
Daily Wrap
The stock market exhibited mixed action today. There wasn’t a lot of conviction from buyers or sellers after the holiday...
SPX Bottom of Range
2:57 p.m. ET Higher oil and Treasury yields are weighing more heavily on the equity averages as the day goes...
Yields Higher – More Solid Breakout – After Poor 2-Yr Treasury Auction
1:17 p.m. ET Earlier today oil prices breaking out of a downward sloping corrective 6-week channel helped to cause the...
Early Update – Interesting Timing
12:04 p.m. ET I haven’t forgotten or dismissed Thursday’s SPX Key Reversal Day price candle. I’m watching the next day...
A.M. Update
Stock futures indicate a mixed open for the major indices on the first session of this holiday-shortened week. S&P futures...