A.M. Update
S&P futures are down -0.45% this morning after the U.S. and Iran failed to reach an agreement this weekend. President...
Afternoon Update
The major averages are trading mostly flat, with the large-cap indices tangled around their 100-day simple moving averages. Weakness is...
Market Update – Fading Momentum
Geopolitical headlines are “quieter” ahead of weekend discussions between the U.S. and Iran, but still having an effect. Iran warned...
A.M. Update
S&P futures are up +0.1%. Bloomberg reports that while the Strait of Hormuz remains effectively closed to tanker traffic, other aspects...
WTI Tops $102 as Hormuz Remains Closed and Saudi Outages Worsen, Markets Rally on Israel-Lebanon Talk Optimism
The major averages spent most of the morning in modestly negative territory as the Strait of Hormuz remained largely closed...
Semi Update
After yesterday’s big jump in Semis and Hanging Man candle on Wednesday’s daily chart, I was interested to see what...
And Just Like That…
Just minutes ago just after 2 p.m. ET Israel’s Prime Minister Netanyahu: There is no ceasefire in Lebanon. Israel’s Prime...
Axios Pump: Netanyahu Lebanon ‘Talks’
On personal note; today is a great example of why I really don’t like this kind of market where a...
A.M. Update
S&P Futures are down 0.25% keeping price action drifting laterally. The Strait of Hormuz remains closed, which The Wall Street...
Strongest Risk-On Rally in Months, Even as the Ceasefire Unravels in Real Time
I so don’t want to do the news, so I’ll keep this as short and as relevant as possible. President...
Afternoon Update: Changes In Character
Tape Bombs are still flying, just as bad, if not worse, than yesterday. According to Bloomberg, Iran has launched at least...
Market Update
The ceasefire is already showing serious strain. Iran’s 10-point plan ,which President Trump described as workable, included as its third...
The Fire in the Ceasefire Has Not Ceased. Hormuz Traffic Reportedly Stopped.
In trying to get a lay of the land this morning, the ceasefire is under severe strain, with mutual accusations of...
A.M. Update
S&P futures are running about +2.6% higher. Emerging markets rallied the most since 2022 as most of them were being...
TACO Tuesday: From Deadline Drama to Ceasefire.
This wasn’t a market today. It was just a series of knee-jerk reactions to a messy flood of conflicting headlines....
Afternoon Update
This weekend I had a feeling this week was going to be wild. Today’s headlines are all over the map....
Market Update
It’s “Bridge Day”, the geopolitical equivalent of leg day. And just like leg day, nobody’s looking forward to it. Oil...
WTI’s Consolidation Broadening Out Into The 8 p.M. ET Trump Deadline Amid Escalations Overnight
As noted yesterday, WTI’s bullish Ascending Triangle was going to come to an apex too soon and the consolidation was...
A.M. Update
S&P futures are down -0.35%, while most other index futures are down -0.5%. and crude oil futures are over -2%...
Iran Holds Firm as Trump’s Tipping Point Deadline Approaches
I was tempted to post Sunday night on the latest developments… but I already knew the script: something would pop...