Afternoon Update – Jobs Report Bad, But Not Bad Enough?
Investors’ quandary has centered around weakness in the labor market, and the balance between increased rate cut expectations and faltering...
ABI In 17’s Now
A rapid drop in the ABI doesn’t always indicate an upcoming sub-14 signal, but such signals are typically preceded by...
Initial Take on Payrolls
11:36 a.m. ET Equities moved higher after the August payroll report landed on the softer side, locking in a September...
A.M. Update
S&P futures are up 0.35%. nasdaq leads up 0.85% after earnings from Broadcom (AVGO +14%) was a notable winner, while Lululemon Athletica (LULU...
Daily Wrap -Small Caps Join In; SOX Bear Flag Forms; ABI Dropping Fast
The stock market shook off an early-session slide, with broader-based strength amid firming rate cut expectations in the wake of...
Afternoon Update
Tomorrow morning’s Payrolls report at 8:30 a.m. is going to be highly anticipated. The days of 200k+ Payrolls seem to...
Rate Cut Expectations (-25bp) That Are Already a Certainty, Firm Amid a Broader Consolidation
1:18 p.m. ET Market activity is considerably more broad-based than yesterday, but less concentrated in heavily weighted mega cap components...
A.M. Update
S&P futures are up 0.1%. Small caps still have a slight edge up 0.25%. Alphabet’s impressive rally followed a favorable...
Daily Wrap – Two Stocks Save The Day; JOLTs Was Jolting.
Yesterday’s measured moves being met at support levels, amid 1-day oversold conditions, led to the start of a correction consolidation....
Afternoon Update
The S&P was up +0.6%, now +0.15%. Nasdaq-100 was up +1%, now +0.4%. The retracement of earlier gains doesn’t rule...
Alphabet’s Court Win Leads Advance, While Broader Market and Semis Lag Behind
1:50 p.m. ET The majors are mixed with the NASDAQ recapturing all of yesterday’s losses and filling the gap in...
A.M. Update
S&P futures are up 1/3 of a percent with NASDAQ futures a little bit better, but Dow and Russell 2000...
Daily Wrap – Gold Breaks Out To a New Record High. Interesting…
The averages went into the long holiday weekend with a bearish tone from Friday’s session. Despite a lot of news...
Afternoon Update – Gold New Record High
The U.S. Dollar Index let up from session highs earlier, as did yields. We have some technical and price support...
MArket Update – Finding an Intraday Low
1:07 p.m. ET The tech-driven decline that closed last week continued into the start of the new month. Recall the...
A.M. Update
S&P futures are down 1.2%, while NASDAQ 100 in Russell 2000 futures are down 1.6%. U.S. dollar index is up...
Afternoon Update – Happy Labor Day
Gold is on the verge of a breakout with excellent volume and price action. (15m) Silver is breaking out…...
Market Update – Tech, Mega Caps and Semis Weak; Defensive Bias
1:28 p.m. ET The first paragraph of yesterday’s Daily Wrap is the first thing that comes to mind this morning,...
A.M. Update
S&P futures are down 0.25%, led by technology and the NASDAQ 100, down 0.45%, also some tariff concerns that have...
Daily Wrap
Nvidia’s (NVDA -0.8%) earnings had little impact on the market today. I wouldn’t assume that’s the end of the story....