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...
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,...