Market Update – Crude and Yields Surging; Equities Probably 1-Day Oversold
As noted in Tuesday’s market wrap, Iran hit a U.S. base in Jordan and stepped up attacks on U.S. regional...
A.M. Update
S&P futures are down -0.35% and Nasdaq-100 down -0.5% , fading Asian session gains as Brent Crude jumped over $100....
The Hormuz Stabilizing Story Cracks
The major averages finished lower on Tuesday as rising oil prices and escalating geopolitical tensions created a modestly challenging...
Afternoon Update
The early reports were right. Two Iranian tankers have been struck off Kharg Island, and a third was hit near...
Intraday Update
Several explosions have been heard near the Kharg Island anchorage, according to Iranian media. This comes shortly after reports that...
Market Update – WTI Crude at Key Resistance Level of C&H
The averages are generally lower, pressured by an increase in oil prices. WTI crude oil futures are +1.5% higher after...
A.M. Update
S&P futures are down -0.1%, while other index futures are mixed, ranging between +0.25% and -0.65% as crude oil prices...
Afternoon Update
The major averages are set to close out the week a little mixed, but the bigger takeaway is, largely unchanged....
Market Update- Strong Payrolls Send Rate Hike Odds Higher.
A much stronger than expected Payrolls report was not the ideal, “Goldilocks” scenario described in Thursday’s market wrap. With Payrolls...
A.M. Update
Equity futures were mostly flat ahead of the August Payrolls print, which came in extra hot, blowing expectations out of...
Waller Opened the Door For Our Mega Cap Rotation. Now… Payrolls
A pretty consistent takeaway over the last couple of days was summed up in Wednesday’s market update: “The S&P is...
Afternoon Update
Given the mega cap 3C positive divergences and the Fed’s Waller opening the door for mega caps to take over...
Waller Gives Mega Caps The Chance They’ve Been Waiting For
Equity futures pointed to a modestly lower opening in premarket this morning, until the 8:30 a.m. ET data dump and...
A.M. Update
Crude oil is moving higher this morning (+0.75%), as hostilities continue in and around the Strait of Hormuz. However, U.S....
Midweek Bounce After Oil and Yields Stopped Rising. Changes In Character Precede Changes in Trend.
After rising oil prices and Treasury yields pressured equities through the first two sessions of the week, the stock market...
Market Update: SPX Tests Former Support as Resistance; Mega-Cap Leadership and Oversold Small-Cap Bounce
Both the 10-year yield and crude oil prices pulling back from their overnight highs helped alleviate some of the pressure...
$90 Oil, 4.80% Tens, and a Failed August Breakout
Global sovereign yields have been getting more and more attention (not just the U.S. or Japan) in recent days, as...
Market Update – Second Round of Rotation – Both Sides.
Things are happening fast. While I was going through the last post, the US launched a second round of strikes...
Retaliation – WTI +5.5%
President Trump posted on Truth Social, Iran’s military leadership said it will “inflict devastating and crippling blows” in response to...
Higher Oil and Yields Weigh On Stocks
Higher oil prices and Treasury yields continued to pressure equities this morning. A Bloomberg gauge of global sovereign yields rose...