Afternoon Update
The Fed unanimously raises benchmark rate 25 basis points to 3.75%-4% range as expected for the first time since July...
Pre-FOMC
Averages The averages’ gains fit right in with the typical FOMC Drift the day of the meeting. The one average...
A.M. Update
S&P futures are up +0.3% led by Nsasdaq-100 futures up +0.5%. The averages are on track for the typical FOMC...
FOMC: diesel at $6.28, mortgages at 7.22%, Nasdaq unchanged after four months of chop
The major averages finished lower for the second consecutive session on Tuesday as another surge in crude oil lifted Treasury...
Market Update
Crude prices are the central headwind, leading to higher yields, weighing on equities, but the day has been duller under...
Crude Higher As Saudi Suspends Crude Cargoes & Loadings at Yanbu
WTI crude is up +2.85%, reversing higher around the cash open and surpassing overnight highs. News broke that Saudi Arabia...
A.M. Update
Index futures have narrowed overnight losses with S&P and Nasdaq down less than a tenth of a percent, and the...
Semis Slip, Crude Jumps as the War Widens
The major averages opened the week lower as semiconductors sold off sharply and crude rose again. The immediate driver was...
Market Update
Two fronts have been pressuring stocks to start the new week, energy prices and conversation around slowing down the pace...
A.M. Update
S&P futures are down -0.7% and Nasdaq-100 down -1.75% on a double-whammy: AI-slowdown talk and another oil spike. The tech...
Pause That Refreshes, Second Chokepoint That Doesn’t
Every day this week (until today) has had a 1-day oversold internals feel, we just haven’t technically gotten there because...
A.M. Update
S&P futures are up 0.95% as we get the bounce off technical levels and $7600 after a pullback in oil...
Breadth Cracks as the Market Prices a Longer Middle East Conflict
The major averages extended their losing streak to three sessions on Thursday as another surge in crude oil, rising Treasury...
Oil higher, Rates higher, Stocks At Risk
My apologies, I’m having the strangest internet connection issues, whether via WIFI or mobile hotspot. For a third consecutive day,...
A.M. Update -Trump Promises $5k Dividend If the GOP Wins Midterms; Yields Spike; Stocks Fall
S&P futures are down -0.5% and Nasdaq-100 down -1.25% as yields soar higher after President Trump promised $5,000 for every...
Oil, Yields, and a War That Won’t Stay Contained. And Breadth Stinks!
Escalation is the name of the game in the Middle East, and it’s not just Iran and the U.S., but...
Market Update – Crude and Yields Surging; Equities Probably 1-Day Oversold
As noted in Tuesday’s market wrap, Iran hit a U.S. base in Jordan and stepped up attacks on U.S. regional...
A.M. Update
S&P futures are down -0.35% and Nasdaq-100 down -0.5% , fading Asian session gains as Brent Crude jumped over $100....
The Hormuz Stabilizing Story Cracks
The major averages finished lower on Tuesday as rising oil prices and escalating geopolitical tensions created a modestly challenging...
Afternoon Update
The early reports were right. Two Iranian tankers have been struck off Kharg Island, and a third was hit near...