A.M. Update
S&P futures are vacillating around unchanged in pre-market (+0.05%). There are some notable events this week, including earnings from some...
Afternoon Update – PCE Next Week
Today wasn’t quite the bullish follow-through day I thought possible due to internals not being overbought, despite yesterday’s spectacular rally....
Defensive Market Tone Is Back & Potential Long Trades in Biotechs
1:37 p.m. ET Since last week’s CPI report came in hotter than expected — which killed the market’s dovish “Rate...
Early Update – Not Great Follow Through As Defensive Bias Remerges
11:27 a.m. ET Yields aren’t down much, but they are softer than pre-market (2y -1bp / 10y -5 bp). That’s...
A.M. Update
Index futures are mixed and flattish, up or down 0.1% to 0.15% The market is lacking direction after Nvidia’s earning-induced...
Daily Wrap – The Chase Is Back On
In the spirit of the AI revolution and Nvidia’s impressive earnings beat, I came up with today’s post picture to...
Afternoon Update
Taking a quick look around, all major averages are higher. Ten of 11 S&P sectors are higher, but at last...
Intraday Update
The averages are adding to gains, although the catalyst stock for those gains, Nvdia, hit an intraday high just before...
Early Update – Crowding Back Into Crowded Trades
11:42 a.m. ET After a week and a half of slowly moving out of the concentrated leadership names, Nvidia’s results...
A.M. Update
S&P futures are up +1.35% and NASDAQ-100 futures +2% as Nvidia’s pre-market gains continue to pile on, now up 11.75%...
Daily Wrap – Nvidia Beats. Is it Enough?
Yesterday’s price action and internals left open the higher probability of some more downside today and that’s mostly what the...
FOMC Minutes – Cautious and Leaning, “Higher For Longer”
3:13 p.m. ET I had to take a moment and see how the market would shake-out after the FOMC initial...
FOMC Minutes Coming; Yields Trending Higher
1:19 p.m. ET I don’t know that there will be any surprises in the FOMC minutes from the late January...
Early Update – Value Over Growth
11:32 a.m. ET Stocks are modestly building on yesterday’s declines and for the same reason – nervousness ahead of Nvidia’s...
A.M. Update
S&P futures are down -0.3% and NASDAQ-100 down -0.6% ahead of Nvidia’s earnings after the close today. The Minutes from...
Daily Wrap
I’m going to start with the heavy stuff tonight, that’s starting to jump off the chart. A week ago today,...
Afternoon Update
Very little has changed since this morning. Most of the selling focus is on mega-caps, growth and semis – or...
SPX – VIX Positive Correlation Rising Toward Signal Level
1:12 p.m. ET It’s pretty much more of the same with a slight lower low in the averages since the...
Early Update – Tech, Mega-Caps and Semis Under Pressure
10:32 a.m. ET It seems quite clear what the market is nervous about given the weakness in stocks while the...
A.M. Update – Nvidia Earnings Spotlight
S&P futures are trading down -0.35% to start the holiday shortened week, despite lower yields. Losses in some mega cap...