A.M. Update
Equity futures are mixed this morning following a muted session yesterday. S&P futures are down just shy of 0.1%. NASDAQ...
Daily Wrap
Today felt like one of the quietest days of the year for the market. The averages drifted sideways in a...
Afternoon Update
President Trump and Ukrainian President Volodymyr Zelenskyy are currently meeting with a coalition of European leaders at the White House...
Market Update – Treading Water
1:11 p.m. ET The market’s in a holding pattern, presumably awaiting results of the Oval office meeting between Zelensky, Von...
A.M. Update
S&P futures are modestly lower at 0.1% with small caps outperforming. Ukraine’s Zelenskiy and his European allies arrive at the...
Afternoon Update
As options expiration comes to an end, a there is a lot of news coverage surrounding the summit between President...
Market Update
Index futures and indices have been coming down since shortly before the European open. The decline accelerated at the U.S....
A.M. Update
S&P futures are up 0.1% led by Dow and R2K futures. The Wall Street Journal reports that President Trump will urge...
Daily Wrap – Hot PPI Complicates Things For the Fed
Index futures saw broad-based to selling following the pre-market July PPI report (up 0.9% month-over-month; consensus 0.2%), (2m) – Most...
Afternoon Update
The S&P 500 (+0.1), Dow (+0.05%) and Nasdaq-100 (0%) trade near their flat lines. As a cohort, the three indices...
The Goldilocks+ Dream Was Short-Lived; PPI Rains on Parade
1:43 p.m. ET In yesterday’s Afternoon Update, I wrote, “The near-term risk is tomorrow’s PPI has some surprisingly hot component....
A.M. Update PPI Hot
S&P futures are down 0.4%, knee jerking lower on the release of a hotter than expected producer price index report....
Daily Wrap – Short Squeeze and Interesting Rotation
Today was surprising. There was no major economic releases beyond some real estate data, but lots of follow-through on yesterday’s...
Afternoon Update – Rotation?
The last two days have been pretty wild. Today, probably even more so, and it’s had me scrambling to put...
Mega Caps Breaking Down?
1:22 p.m. ET There are quite a few different cross currents so far today. I’m trying to figure out how...
A.M. Update
S&P futures are up 0.25% led by Russell 2000 futures up 0.75%. Treasury Secretary Scott Bessent suggested in an interview...
Daily Wrap – CPI Sparks Strong Move in Small Caps. Can They Follow Through?
Total CPI increased 0.2% month-over-month, as expected, while core CPI, which excludes food and energy, rose 0.3%, also as expected....
Market Update – CPI
It has been a little bit of an interesting morning. Headline CPI came in at consensus, though increases in goods...
A.M. Update
S&P futures are up 0.4%, knee jerking higher from pretty much flat levels on the CPI report. M.Small cap Russell...
Daily Wrap
At first glance nothing happened big happened in the market today that doesn’t make sense in the wake price action...