Afternoon Update
The S&P 500 (+1.0%), Nasdaq (+1%), and DJIA (+1.6%) continued to climb to new session highs this afternoon. Behind the...
Market Update
Big day of developments. There were plenty of fascinating, and at times downright strange, developments overnight and this morning. Overnight...
A.M. Update
S&P futures are up +0.5% after a volatile overnight session. Speculation is that the Bank of Japan intervened in the...
Inflection Point: Oil Surges Past $109, Yields Spike, Rare 4 Fed Dissents & Institutional Cracks Emerge
Stocks opened to relatively broad weakness as oil prices and rates climbed following a Wall Street Journal report that President Trump...
Afternoon Update
Powell announced that he will continue to serve as a governor for a period of time after his term as...
Quick FOMC Update
FOMC held rates unchanged, but with a rare 4 dissents (1 dovish, 3 hawkish). The lone dovish dissenter (Miran) has...
Crude Smashes $100 Resistance to $107
Oil prices are moving higher, and Treasury yields along with them as as U.S. prepares for extended blockade of Iran....
A.M. Update
S&P futures are flat heading into the cash session. WTI Crude Oil futures are up +3.85% to $103.77/bbl., finally breaking...
Daily Wrap – The Calm Before the FOMC and Mega Cap Earnings
Higher oil prices pushed Treasury yields higher again today. April Equity Tailwinds Shift to Headwinds What started as a strong...
Afternoon Update
WTI crude up +3.6%, but fighting against the invisible hand right at $100. There is a tight bullish symmetrical triangle...
Market Update: Bad Timing for Big Tech: OpenAI Miss, Semis Stumble, and Oil @ $100
The WSJ OpenAI feature couldn’t have come at a worse time for mega cap hyperscalers reporting earnings this week, and...
A.M. Update
S&P futures are down -0.6% and Nasdaq-100 down -1.15%. Nvidia (NVDA , -4%) and other prominent AI names are moving...
Semis’ Win Streak Ends, Credit Diverges, and Tailwinds Weaken Ahead of Fed & Mag7
Stocks finished mixed and barely changed, in sharp contrast to a very busy weekend of news and headlines. Mega-cap and...
Semiconductors Win Streak At Risk As HyperScalers Report, Tech Momentum Cools, & DeepSeek’s Disruption Theme Remerges
On the geopolitical front, Iran has reportedly sent a new proposal to the U.S. that would reopen the Strait of...
A.M. Update
Index futures are set for a flattish start after negotiations between the U.S. and Iran stalled ahead of a busy...
Afternoon Update
The day’s a little dull. Risk sentiment got a boost from: 1) Intel’s earnings, lifting SOX for an 18th consecutive...
A.M. Update
Equity futures had been mixed, but they have turned higher on an Al Arabiya report that Pakistan may soon announce...
From Mechanical Flows to More Chaotic Trade As Broadening Consolidations Take Shape
Today they advanced to new highs, but they were unable to retain that posture and closed the session with losses....
Market Update – Important Developments
*As I was finishing up this post, some developments broke with respect to the conflict with Iran. It would take...
A.M. Update
S&P futures are down -0.3%. Several influential stocks are seeing disappointing price action following earnings, including; Tesla (TSLA), IBM (IBM), Honeywell (HON),...