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...
Afternoon Update
The day has been a pretty slow consolidation day ahead of CPI. S&P sectors are mixed. Technology (-0.6%) has slid...
Low Conviction Ahead of CPI
1:53 p.m. ET As usual, there’s tons of news out of Washington, D.C., but the broader market is in a...
S&P futures (+0.06%) are very little changed. There are no consequential economic data releases today, but this week features several...
Afternoon Update
We’re nearing the close. Most averages are near session highs (ex. Transports & Small Caps). Intraday price action has a...
Commods Update
Uncertainty around gold and crude oil has been pretty intense today. The U.S. dollar index is down 0.2% at $98.20,...
Market Update
I was dreaming of a slower Friday sliding into the weekend, but nope—market tape bombs are dropping like confetti at...
Daily Wrap – Getting Uglier Out There
Let’s start with something light. Ironically, I had written about this very theme in yesterday’s Daily Wrap; not quite in...
Afternoon Update
I just got back in so I’m going try to make this quick. Breadth figures reflect a steady increase in...
Market Update – Index futures Give Up Gains, Falling Three Methods On Track
1:25 p.m. ET I’m always hesitant to take much away from overnight trade or pre market futures as it is...
A.M. Update
S&P futures are up 0.6% this morning following an announcement from President Trump that companies that commit to domestic development...
Daily Wrap – The Apple of Trump’s Eye
Today was mega-caps’ turn to step up to the plate and carry the ball forward. Apple was the focal point...
Afternoon Update
Overall it’s a pretty slow day. It is going according to expectations though and that makes this a little bit...
Market Update – Apple Hype, But Market Moving As Anticipated
1:53 p.m. ET I’ve written and rewritten this post probably three or four times now. Often slow days like this...
A.M. Update
Equity futures are modestly higher this morning (+0.2%) in a pretty quiet environment. President Trump’s envoy Steve Wilkoff met with...
Daily Wrap – Shadow Fed Chair?
Modest opening gains quickly reversed on the release of the July ISM Services PMI and the S&P Global US Services...
Afternoon Update
I’ve been spending a lot of time looking around before putting this post out. I don’t like to put something...
Services Data Sparks Worst Fears
12:06 p.m. ET Market internals were 1-day overbought yesterday. Price action so far today fits the circumstances. However, the market...
Daily Wrap – The Silver Lining of Payrolls; Bad Is Good News… Be Careful What You Wish For
I have quite a few items to go over tonight. Make sure you read the Treasury section. The market was...