Market Shock: Tariff Inflation Upends Fed Rate Cut Hopes
I had an emergency to tend to after the close. This was going to be a briefer summary given that...
The Close
I wouldn’t say the close was a slam-dunk signal, or an exclamation mark, but it wasn’t encouraging. Traders/Investors appear to...
Afternoon Update
I think tomorrow’s direction comes down to a coin toss. Is the Producer Price Index going to come in a...
Intraday Update – Quick Look at Semis and PPI’s Importance.
I’m awaiting more price data to see how price and signals turn out, but in reference to the only sector...
CPI: Signs of Tariff-Related Inflation. Technology Is The Singular Pocket of Strength.
1:06 p.m. ET The averages are mixed, but there’s only one S&P sector of 11 that trades higher, Technology, due...
A.M. Update
S&P futures are up 0.4%, bolstered by the news that Nvidia (NVDA) is getting approval to sell its H20 chips...
Daily Wrap
Weekend tariff headlines (30% tariffs on Mexico and the EU) got the session off to a soft start, but the...
Afternoon Update
Heading into the close all of the averages hold modest gains. They haven’t done anything special today. My earlier consolidation...
Metals
3:48 p.m. ET Let’s start with Gold. Gold’s been acting well since 2023, but really broke out and established a...
Market Update – Consolidations
1:57 p.m. ET President Trump’s much anticipated Monday announcement on Russia is being treated as another TACO moment. The president...
Early Impressions – Semis Under Pressure
10:46 AM ET Initial impressions- All of the averages are getting a bid at the cash open. The value-leaning Small...
A.M. Update
S&P futures are down 0.25% this morning following the announcement of a 30% tariff on the EU and Mexico, effective...
Afternoon Update
The afternoon session is shaping up to leave the S&P with a very modest loss on the week (-0.3%). That’s...
Market Update – Nasdaq In, Small Caps Out
1:19 P.M. ET It’s been challenging to get this post out, capturing charts and observations while also paying attention to...
A.M. Update
S&P futures are down 0.55% with Russell 2000 futures down 0.8% following a fresh wave of tariff announcements from President...
Daily Wrap – Daily Rotation Still Going Strong; Today Was Value’s Turn
The week’s daily gyrations between growth and value remain intact. Today it was Value’s turn, bolstering Small Caps. It’s worth...
Intraday Update
The S&P filled the gap and bumped into last Thursday’s high seems to be meeting a little bit of resistance...
Market Update – The Daily Rotation Continues; SPX Fills the Gap
1:40 p.m. ET This week has been a bit bipolar in terms of daily rotations or flip-flops. A certain sector/s...
A.M. Update
S&P futures (-0.05%) are little changed. Bloomberg reports that officials from India are set to visit the the U.S. to continue...
Daily Wrap -Sharply Lower Rates Support Mega Caps, But What About Semis?
The stock market started today on a higher note supported by a sharp pullback in yields. The market followed the...