I’m Not a Fan of Option Expiration
1:45 p.m. ET It takes some time to get a feel for option expiration market dynamics, or even early market...
A.M. Update
S&P futures are up 0.1% heading into today’s auction expiration. Tariff headlines have been few over the past few days,...
Daily Wrap – Short Term Prices Coming To A Head Into Op-Ex; Got Metals?
Wednesday afternoon the market turned around after successfully testing down toward SPX $6200 (and Trump’s denial of a direct effort...
Market Update
2:01 p.m. ET After today’s largely better than expected economic data and yields being stable, both are providing a constructive...
A.M. Update
S&P futures are up 0.15%, gaining on a strong retail sales report as well as other data. Bloomberg reports that President...
Daily Wrap – A New, Potentially Very Dangerous Wrinkle Is Introduced
In many ways today’s market performance was the mirror opposite of yesterday. For instance, the Technology sector was the only...
Afternoon Update
The scenario I laid out yesterday afternoon of PPI coming in cooler than expected leading to small caps outperforming today,...
The Fallout of CPI Continues – Fire Powell?
1:53 PM ET Last night was a rough night for me with hours upon hours preparing the Daily Wrap, but...
A.M. Update
S&P futures are up 0.2% after PPI came in cooler than expected. Russell 2000 futures are in the lead up...
Market Shock: Tariff Inflation Upends Fed Rate Cut Hopes
I had an emergency to tend to after the close. This was going to be a briefer summary given that...
The Close
I wouldn’t say the close was a slam-dunk signal, or an exclamation mark, but it wasn’t encouraging. Traders/Investors appear to...
Afternoon Update
I think tomorrow’s direction comes down to a coin toss. Is the Producer Price Index going to come in a...
Intraday Update – Quick Look at Semis and PPI’s Importance.
I’m awaiting more price data to see how price and signals turn out, but in reference to the only sector...
CPI: Signs of Tariff-Related Inflation. Technology Is The Singular Pocket of Strength.
1:06 p.m. ET The averages are mixed, but there’s only one S&P sector of 11 that trades higher, Technology, due...
A.M. Update
S&P futures are up 0.4%, bolstered by the news that Nvidia (NVDA) is getting approval to sell its H20 chips...
Daily Wrap
Weekend tariff headlines (30% tariffs on Mexico and the EU) got the session off to a soft start, but the...
Afternoon Update
Heading into the close all of the averages hold modest gains. They haven’t done anything special today. My earlier consolidation...
Metals
3:48 p.m. ET Let’s start with Gold. Gold’s been acting well since 2023, but really broke out and established a...
Market Update – Consolidations
1:57 p.m. ET President Trump’s much anticipated Monday announcement on Russia is being treated as another TACO moment. The president...
Early Impressions – Semis Under Pressure
10:46 AM ET Initial impressions- All of the averages are getting a bid at the cash open. The value-leaning Small...