Afternoon Update
There’s a lot to take in with today’s events. It’s not just the Fed coming in moderately dovish as I...
Gold Breaks Out
3:28 p.m. ET Remember that tight bull pennant consolidation in Gold (+1.4%)? GLD (15m) – Just beautiful price action, and...
Powell Presser: Moderately Dovish
3:13 p.m. ET I’m still taking all of this in as Powell continues to speak. Here are some interesting highlights...
Moderately Dovish
2:27 p.m. ET As expected, there was no change on rates. The March FOMC statement is a carbon copy of...
Early Update – WOW, So Flat
11:30 a.m. ET Well, there’s not much to say here. This market is dead flat. SP-500 +0.05%, Dow +0.1 (Transports...
A.M. Update
Index futures are mixed wit most averages +/- 0.1% ahead of the Fed decision today at 2:00 ET. Some Fed...
Daily Wrap – FOMC Eve
I mentioned I read a note from Goldman Sachs earlier this week in which they felt that Nvidia’s big reveal...
Market Update – FOMC Drift+
As suspected in the Early Update, we’re seeing the typical drift of the market into the FOMC. “As for the...
Early Update
11:20 a.m. ET The trend continues. S&P-500 -0.1%, Dow +0.4% (Transports +0.3%), NASDAQ-100 -0.65%, Small Caps -0.15% The chop is...
A.M. Update
S&P futures are down -0.35%, led by NASDAQ-100 futures (-0.6%). NVIDIA’s (NVDA) Blackwell AI platform announcement at its GTC Conference...
Daily Wrap
The stock market had its best moments in the first hour of trading, and then it faded from those best...
Afternoon Update – Stength in Mega-Caps and Weakness in Small Caps
While semis gave up most of their early gains, mega-caps have held pretty steady. The major averages have been pretty...
Strong Start Fades- Semis Sold
1:41 p.m. ET It was a relatively fast start to the trading day, as news-driven catalysts powered some big gains...
Early Update – Mega-Cap Bounce, But Fading Already
11:19 a.m. ET Mega-caps and Tech have added gains to the SPX and NDX, but not the price-weighted Dow. Cyclicals ...
A.M. Update
S&P Futures are up +0.75% as Tech stocks are leading the bounce off what became a small H&S neckline for...
Afternoon Update -Second Week of Leadership Cracking Into the Fed and Quarter’s End
It’s been a week! It’s been a chaotic week. We’re seeing the volatile chop in price. As suspected earlier, the...
Intraday Update – Unmistakable Change in Tone; and the Close
1:41 p.m. ET This market is getting crazier and I think it gets crazier still yet. Mega-caps which offered some...
Early Update -Everyday Is It’s Own Ecosystem
11:35 a.m. ET Since the open we got some more economic data. Total industrial production inched up 0.1% month-over-month in...
A.M. Update
Index futures are mixed with S&P futures up less than a tenth of a percent and NASDAQ-100 futures modestly red,...
Daily Wrap – An Important Narrative Shift Is Unfolding
Index futures gained a bit overnight, but weak macro-data spoiled it. The Producer Price Index came in hotter than expected....