Market Duped: Fabricated Iran Deal Headlines Drive Markets
Thursday delivered a barrage of conflicting headlines, a clear example of the short-term volatility that has dominated oil prices. Today...
Afternoon Update
What a crazy day of headline ping-pong. Around 1 p.m. Saudi’s AI Arabiya says it TV obtained what it describes...
Market Update
Oil and Yields are both higher this morning, thought choppy, which is in large part attributed to an earlier report...
Trump Jawbones Oil Lower as Markets Bounce into Holiday Weekend
Stocks were set for a bounce Wednesday anyway, but President Trump served up another signature Trump Pump, TACO Dump special....
Oil and Rates Pullback on Flurry of Headlines, Contributing to Market Gains. Averages Haven’t Filled The Gap Yet.
Although the latest geopolitical headlines are highly mixed and contradictory, they are triggering meaningful declines in oil prices and bond...
A.M. Update
S&P futures are up +0.35% in what’s a minor bounce in the continuation of a downtrend or correction over the...
30-Year Yield Rises To Highest Level in Almost Two Decades; Tops 5.20%. Equities Have Not Priced This In.
Most everything dropped at the cash open. Dip-buyers stepped into a number of areas, from Semiconductors to defensive sectors, but...
Market Update
While I suspect Friday’s equity gap down gets filled, likely around Nvidia’s earnings tomorrow, the gist of last night’s lengthy...
A.M. Update
S&P futures are down -0.3% and Nasdaq-100 down -0.6%. Semiconductors and memory names remain under pressure in pre-market trade. Geopolitical...
From AI Euphoria to Rate Reality: Semis Start to Tremble
Big things are unfolding. Geopolitical messaging was noisy and all over the place at this critical crossroads in rates, but...
President Trump Post Truth Social Stick Save an Hour Before The Close, As 30-Yr Yield Was Breaking Out
Something geopolitical was driving oil higher with WTI jumped above $105 this afternoon… WTI (2M) Higher Oil prices pulled the...
Higher Rates Hitting Long Duration Tech/Semis
Broadly speaking, it’s been a mixed day for the averages, but with yields breaking out last week, long duration Technology...
A.M. Update
S&P futures are up around +0.15%, coming off overnight losses rising oil prices and Treasury yields have dampened risk sentiment...
Afternoon Update
It’s taken some time, but price action, especially in Treasuries, has been unambiguously pointing to “higher yields coming”. The Fed-sensitive...
Yields Breaking Out
If there has one obvious risk to equities above all others (and there are more than a few), it has...
A.M. Update
S&P futures are down -1.2%, led by Nasdaq-100 futures (-1.75%). WTI Crude oil futures are up over +3%. The U.S....
Broader Participation Lifts All Averages as Cisco Powers the Dow
Broader market participation was better today, helping the Dow Jones Industrial Average keep pace with the other major indices. A...
Afternoon Update
The last couple of hours have been very quiet with little movement in equities, with the exception of volatility pressured...
Market Update
Yesterday was the Mag-7 anticipation rally. Today is the “show me the results” moment in terms of China deals. It...
A.M. Update
S&P futures are up around 0.25%, while Dow futures are up 0.85%, which is due in part to a sharp...