A.M. Update – Second Verse is the Same As the First
S&P futures are up +0.15%. Earnings are moving individual names. Discover Financial Services (DFS), CSX (CSX), and others are trading...
Daily Wrap – CTA’s Strike
Once again early buying faded quickly with no specific news catalyst to account for the change. The S&P slid below...
Afternoon Update
The Fed’s Beige Book came out at 2 p.m. and after reading some highlights, it’s very hard to reconcile what...
Intraday Update – Bumpy Ride
1:57 p.m. ET The Dow and to some extent, Small Caps, seem to be finding some intraday support, but it’s...
There Goes SPX $5040
12:58 p.m. ET The S&P broke the $5040 level with Semiconductors (SOX -3.1%) and Mega-Caps (MGK -1.2%) leading the market...
Early Update – $5040 Holding, But Not A Great Start
11:18 a.m. ET Not a great start – as soon as the cash market opened selling began. Semis are one...
A.M. Update
S&P futures are up +0.35% and still tracking in a similar range as yesterday. ES (1m) The price action still...
Daily Wrap
I wouldn’t consider today to be volatile, but rather consolidative. Choppiness, however, increased in afternoon trade as markets reacted to...
Afternoon Update
I’m not super-sold on the idea of the market having fond a short-term bottom, but the environment is right. S&P...
Market Update – Geopolitical News & S&P Support
2:09 p.m. ET I’ve just been going through the market since getting back. The day has been pretty dull, which...
Early Update
I’m waiting to get some results before leaving the Dr. office, so I figured I’d throw this out there. The...
A.M. Update
S&P futures are up +0.25%. Thus far price is consolidating yesterday’s losses. but overnight action doesn’t look quite as bearish...
Daily Wrap – Not Just Geopolitical Risk
The weekend events came and went. Iran attacked Israel from Iranian territory, which I believe is an inflammatory or exacerbating...
Afternoon Update
While it wasn’t apparent early on this morning, broad-based selling has especially targeted 2024 leadership groups such as mega-caps (-1.85%)...
Market Update – Not Just Geopolitical Concern
2:17 p.m. ET The averages have moved to session lows recently after reports that Israel’s Air Force has finished its...
Early Update
Stocks got off to a decent start on modest relief rally, then the WSJ commented, “U.S. and Western officials anticipate...
A.M. Update
S&P futures are up +0.75%. The positive bias is related to relief that Iran’s attack on Israel didn’t cause any...
Afternoon Update – A Bigger Inflation Problem
Today’s focal point is potential, if not probable, mid-east conflict with Iran expected to attack Israel. I talked a little...
Early Update – Geopolitical Risks
11:44 a.m. ET I’m still off to a slow, weak and wonky start, but I’m getting there and we’re on...
A.M. Update
Good morning. The market put in a decent showing yesterday, even though the government run BLS’s PPI report was Banana...