Early Update -Semis Outperform on Upgrades & Commodities Extend Gains
12:09 p.m. ET This week is a fairly dull week for economic data. Some of the highlights include the FOMC...
A.M. Update
S&P futures are pretty flat (up +0.04%) following Friday’s flat equity market and commodity rally. Slightly higher yields are partly...
Afternoon Update – Stocks Dead, But Commodities Jumping & Threatening To Resume The Reflationary Impulse
3:15 p.m. ET I’m getting this post out earlier than usual because I think today’s developments are huge and I...
Early Update – Stocks Very Dull, Metals and Energy Products Are Big Movers
11:39 a.m. ET It’s another dull start to this morning’s session in equities, although Metals and some Energy products are...
A.M. Update
Stock futures indicate a flattish open. S&P futures are up less than a tenth of a percent in the same...
Daily Wrap
Yesterday’s cooler than expected Headline CPI and weaker than expected Retail Sales were the perfect Goldilocks combo of rate-cut odd...
Afternoon Update – Just A Snoozer or Something Else?
3:55 p.m. ET The market has exhibited mixed price action following yesterday’s record high closes for some of the major...
Intraday Update – Getting A Little Dicey
1:32 p.m. ET I won’t recap the risks outlined in the Early Update here, but the gist is that a...
Early Update – Lackluster Trade, Running Out of Gas?
12:01 p.m. ET The market is mixed this morning. The market had a similar feel to the first hour of...
A.M. Update
S&P futures are unchanged. The U.S. Dollar and yields are very modestly higher. The U.S. Dollar Index is up +0.15%...
Daily Wrap – Bad News Is Good News
A week ago (May 10th) I wrote, “We’re in an environment in which “bad economic news is good news for...
Afternoon Update
Heading into the close, it’s been a good day for the stock market with CPI better than expected, or perhaps,...
3C Update
2:05 p.m. ET I’m seeing good confirmation on the shortest, fastest, most sensitive (but also weakest) 3C timeframes for the...
Early Update – Goldilocks Economic Data and Defensive Bias
11:58 a.m. ET CPI came in mostly as expected, with headline CPI better (cooler) than expected. Retail Sales missed (weak)....
A.M. Update – CPI Cooler Than Expected
S&P futures are up +0.55% after CPI came in cooler than expected. Treasury yields moved sharply lower in response. The...
Daily Wrap – Producer Price Index Reflating At Fastest Pace in 12 Months
The three important stories for the market today were 1) Much Hotter than Expected Inflation in the Producer Price Index;...
Intraday Update – Mega-Caps Starting To Lead
2:40 p.m. ET The mega-caps are starting to display better relative performance and support the major averages as yields drop...
Biotechs (XBI)
With the recent short covering due to the Reddit/GameStop crowd, we’re seeing some massive short covering in the Most Shorted...
Early Update – Massive Short Covering As Meme Stock Mania Returns
12:28 p.m. ET It’s been a busy and volatile morning. I’ve been listening to Powell and watching the market. As...
A.M. Update — Hot PPI
S&P futures are flat, but just went through some spectacular volatility on the release of the Producer Price Index. NASDAQ-100...