Afternoon Update – Happy Labor Day
Gold is on the verge of a breakout with excellent volume and price action. (15m) Silver is breaking out…...
Market Update – Tech, Mega Caps and Semis Weak; Defensive Bias
1:28 p.m. ET The first paragraph of yesterday’s Daily Wrap is the first thing that comes to mind this morning,...
A.M. Update
S&P futures are down 0.25%, led by technology and the NASDAQ 100, down 0.45%, also some tariff concerns that have...
Daily Wrap
Nvidia’s (NVDA -0.8%) earnings had little impact on the market today. I wouldn’t assume that’s the end of the story....
Afternoon Update
Gold’s looking good. WTI managed a minor break above $64 this afternoon. I didn’t see the specific headline/catalyst, but I’m...
Market Update
It’s another quiet-ish summer day with low market participation, where S&P 500 sectors fluctuate slightly, shifting from mostly up one...
A.M. Update
S&P future (+0.07%) sit around the flatline after nvidia retraced losses, and this morning’s data. Initial jobless claims for the...
Daily Wrap – Nvidia Down in After Hours
There wasn’t much in the way of market moving data today. I don’t know if it’s the summer doldrums or...
Nvidia earnings
All eyes now turn to NVIDIA (NVDA -0.03%), set to unveil its earnings at around 4:20 PM ET. The current...
Very Quiet
It’s been a painfully dull session so far. The S&P bumped into resistance near $6480… (1m today) This is an...
A.M. Update
S&P futures are flat ahead of anticipated NVIDIA (NVDA) earnings after the close today. New tariffs on Indian goods took effect...
Daily Wrap – Nvidia Set to Report
The averages posted better performance today, but still look to be treading water in a low summer volume environment ahead...
Market Update – Another Quiet Session
The market in general has the same dullish tone as this time yesterday, but with a twist. Many of yesterday’s...
A.M. Update
S&P futures are down 0.1%, off overnight lows after President Trump posted a letter to Truth Social removing Fed Governor Lisa Cook...
Daily Wrap
I was set to have an early night, then a family member had a seizure in the living room. I’ve...
Afternoon Update
The averages are little changed from the last update in something of a sideways drift with the DJIA, Dow Transports...
Market Update – Consolidation; Government’s Intel Shares Have Voting Rights
The averages are in various states of consolidation / profit taking following Powell’s Jackson Hole commentary and related advances with...
A.M. Update
S&P futures are down -0.25%. September rate cut probabilities are not too different than before Powell, at 83.2%. Powell’s dovish...
Quick Afternoon Update
It has been a long day of looking at knee-jerk reactions. I don’t want to rush the Afternoon Update. I...
Powell’s Jackson Hole Swan Song, Echoes With The Coos of Doves
Busy Day! All 11 sectors opened higher in a broad-based advance ahead of Powell. Powell just reinforced the optimistic expectation....