Early Update – Large-Cap Tech Weighs Down The Market & Further Progress on Inflation Stalls
1156 p.m. ET There’s so much economic data this morning, it takes some time to look beyond the headline print...
SOX Breaking Bear Flag
1023 a.m. ET The Semiconductor index is down -2.2% and breaking below the bear flag. (15m) ...
Economic Data Update
Initial Jobless Claims weren’t a surprise. Continuing Claims are at 3-yr high. It’s a mixed print. Employers are reluctant to...
A.M. Update
Index futures are mixed, and mostly little changed (S&P -0.1%, Dow +0.1%, Nasdaq -0.3%, Russell 2000 +0.7%) with the market...
Daily Wrap – PCE On Deck
I’m going to keep tonight on the shorter side. One of the biggest lessons I’ve learned with indicators is not...
Quick Afternoon Update
The averages have been either lateral or slightly higher since the last update. Again, there’s not much movement. Sector performance...
Market Update
245 p.m. ET There’s a change in character with Growth over Value and Mega Caps over Small Caps today… (1m)...
Israeli Cabinet Approves Ceasefire in Lebanon
129 p.m. ET The ceasefire is set to go into effect at 10 a.m. tomorrow. Presidents Biden and Macron will...
Israel/Hezbollah Peace Deal (?) & Crude
12:28 p.m. ET Despite Israel launching what may be one of the biggest attacks yet on Beirut today with 20...
Early Update – Mini Rotation of Growth Over Value, Mega Caps Over Small Caps.
11:48 a.m. ET Yesterday continued the Value over Growth theme of the prior 2 or so days, and while cyclical...
A.M. Update
The overnight session has been volatile with index futures first spooked at Trump’s tariffs, then rebounding with investors taking an,...
Daily Wrap – Rotation With a Twist
Given the lack of immediate 3C (and other signals) y the close on Friday, it made sense that Thursday/Friday’s rotation...
Afternoon Update
This morning started off interesting in several ways, but this afternoon has been like watching paint dry. There’s not much to...
Intraday Update – The Rotation & The Mega Caps
2:11 p.m. ET Yields are down -9bp to -14bp on Trump’s pick to head up the Treasury, Scott Bessent, a...
Tesla Update
12:48 p.m. ET Tesla (TSLA -1.45%) has obviously been one of the Trump trades, and due to its market cap,...
Market Update – Small Cap Bias, But Not As Strong As Last Week’s Mini-Rotation
12:08 p.m. ET The early look appears to be what I was leaning to at the end of last week....
A.M. Update
There’s a positive bias in early trading in front of a holiday-shortened week. S&P futures are up +0.7% with Small...
Afternoon Update/Daily Wrap
This post was meant to be the final Friday Afternoon Update, but bled into an abbreviated Daily Wrap as well....
Market Update – The Test of Cyclical, Value & Small Cap Rotation Is Coming
12:33 p.m. ET We’re getting some follow-though on yesterday’s Cyclicals over Mega Cap Tech, and Value (+0.8%) over Growth (0%),...
A.M. Update
S&P futures are down -0.1%, Nasdaq-100 down -0.2%, and Russell 2000 +0.2%, starting this morning with the same theme as...