Early Update – I’m Surprised, But Not Really
This is going to be a different kind of Early Update, but one I think is timely and needed. I...
A.M. Update
S&P futures are down -0.2%. The 10-yr yield moved above 4.00%, up six basis points from yesterday to 4.05%, which...
Daily Wrap – S&P Makes Its First Lower Low Of The Nine-Plus Week Rally
Notice how the market was much calmer today. I attribute a big part of that to yesterday’s 1-day oversold internals,...
H&S Neckline Coming Into View
2:12 p.m. ET In yesterday’s Daily Wrap I laid out a scenario that looks likely, although I’m always open to...
Daily Wrap – The Message of the Market
*First, my apologies for the late hour of this post, but there’s a lot to convey as we are nearing...
Afternoon Update
3:33 p.m. ET SP-500 -0.6%, Dow -0.6% (Transports -1.5%), NASDAQ-100 -0.85%, Small Caps -2.6% This week starts the first trading...
FOMC Minutes Not As Dovish As Powell Portrayed
2:42 p.m. ET Given some of yesterday and today’s developments, earlier today (and yesterday) I wondered whether the FOMC Minutes...
Early Update – Small and Mid-Caps Turn
11:54 a.m. ET Yesterday it was the mega-caps getting hit, this morning its the Small Caps and Dow Transports. You...
A.M. Update
S&P futures extend yesterday’s losses, down -0.4%, but this morning led lower by Small Cap Russell 2000 futures (-1.2%) rather...
Daily Wrap
Happy New Year! We didn’t have to wait long for some ugly stock market action in 2024. The mega-caps were...
Afternoon Update
What started out as pretty much mega-caps weighing the market down, has spread to a wider risk-off sentiment. The...
Getting Uglier – Taking a Look At Tech
3:02 p.m. ET SP-500 -0.9%, Dow -0.2% (Dow Transports -0.9%), NASDAQ-100 -2.1%, Small Caps -0.95% The mega-caps (MGK -2.25%) are really...
Early Update – Mega-Caps’ Under Pressure
11:48 a.m. ET There’s a lot to take in this morning! We went from a very dull, low volume holiday season...
A.M. Update
S&P futures are down -0.8% to start the first trading day of the New Year. S&P futures (15m) the area...
Stock Market & Economic Forecast 2024 (Video Update)
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Afternoon Update
I’m not sure I’d make too much of today, but the average that’s lost the most today (Small Caps -1.1%...
Early Update – Some Interesting Things To Consider
11:49 a.m. ET December’s Chicago PMI dropped from 55.8 to 46.9 (back into contraction) and well below the expected level...
A.M. Update
Index futures are trading fractionally lower. Participation will be light again this last trading day of 2023, with the S&P...
Daily Wrap
It was another dull day for the major stock indices, but I have some useful info for you below. The...