Daily Wrap – The Chase Is Back On
In the spirit of the AI revolution and Nvidia’s impressive earnings beat, I came up with today’s post picture to...
Afternoon Update
Taking a quick look around, all major averages are higher. Ten of 11 S&P sectors are higher, but at last...
Intraday Update
The averages are adding to gains, although the catalyst stock for those gains, Nvdia, hit an intraday high just before...
Early Update – Crowding Back Into Crowded Trades
11:42 a.m. ET After a week and a half of slowly moving out of the concentrated leadership names, Nvidia’s results...
A.M. Update
S&P futures are up +1.35% and NASDAQ-100 futures +2% as Nvidia’s pre-market gains continue to pile on, now up 11.75%...
Daily Wrap – Nvidia Beats. Is it Enough?
Yesterday’s price action and internals left open the higher probability of some more downside today and that’s mostly what the...
FOMC Minutes – Cautious and Leaning, “Higher For Longer”
3:13 p.m. ET I had to take a moment and see how the market would shake-out after the FOMC initial...
FOMC Minutes Coming; Yields Trending Higher
1:19 p.m. ET I don’t know that there will be any surprises in the FOMC minutes from the late January...
Early Update – Value Over Growth
11:32 a.m. ET Stocks are modestly building on yesterday’s declines and for the same reason – nervousness ahead of Nvidia’s...
A.M. Update
S&P futures are down -0.3% and NASDAQ-100 down -0.6% ahead of Nvidia’s earnings after the close today. The Minutes from...
Daily Wrap
I’m going to start with the heavy stuff tonight, that’s starting to jump off the chart. A week ago today,...
Afternoon Update
Very little has changed since this morning. Most of the selling focus is on mega-caps, growth and semis – or...
SPX – VIX Positive Correlation Rising Toward Signal Level
1:12 p.m. ET It’s pretty much more of the same with a slight lower low in the averages since the...
Early Update – Tech, Mega-Caps and Semis Under Pressure
10:32 a.m. ET It seems quite clear what the market is nervous about given the weakness in stocks while the...
A.M. Update – Nvidia Earnings Spotlight
S&P futures are trading down -0.35% to start the holiday shortened week, despite lower yields. Losses in some mega cap...
Afternoon Update
I don’t have much time so this will be a quick one. I think there’s very clear op-ex influences in...
Market Update – Changes in Character
3:15 p.m. ET It has mostly been a slow-going day; probably op-ex related, but we’re also seeing some of the...
Early Update – Op-Ex Influences
11:18 a.m. ET Since the open, University of Michigan Consumer Sentiment Index for February came in at 79.6 , under...
A.M. Update – PPI Hotter Than Expected
S&P futures are down -0.1% this morning. Like CPI on Tuesday, instead of slowing as expected, PPI re-accelerated with headline...
Daily Wrap – Rotation To Small Caps?
Tonight’s post is going to be a hybrid of the day and some of the big picture elements that are...