Early Update
11:00 a.m. ET Most stocks opened lower on this huge ($4.9 trillion notional) option expiration. We may very well see...
A.M. Update
S&P futures are flat after giving up overnight gains. The NY Fed’s, Williams, told CNBC, “We aren’t really talking about...
Daily Wrap – Hedge Funds Obliterated As We Near Euphoric Levels
***I’ve had a lot of 12 to 16 hour days the past few weeks and I don’t like posting the...
Afternoon Update
We’re going to get a few interesting daily candles as of the close, at least the way it looks now...
Market Update – Time To Pay Attention To Price
2:12 p.m. ET SP-500 -0.05%, Dow +0.1%, (Transports +1.55%), NASDAQ-100 -0.5%, Small Caps +2.1% Today saw a second day of...
Early Update
11:29 a.m. ET Since the open, Business inventories fell 0.1% in October following a 0.2% increase in September (revised lower...
A.M. Update
S&P futures are up +0.5% as the risk rally the dovish Fed sparked sees follow-through. Treasury yields continue to move...
Daily Wrap – The Stock Market Has No Clue That The Fed Just Told Us That They’re Positioning For Recession Fighting
Stocks initially traded in a cautious manner today despite some welcome disinflation seen in the November Producer Price Index. Market...
Afternoon Update -DOVISH, DOVISH, DOVISH
There was no Powell “hawkishness”. Powell mentioned nothing regarding the easing of financial conditions. In fact, Powell said the Fed...
DOVISH Policy Statement/SEP
2:20 p.m. ET The Wall Street whisper as per the last post, “The whisper talk is that stocks spike higher ...
Pre-FOMC Update
1:38 p.m. ET We’re about 20 minutes away from the FOMC. The stock market had been trading higher a short...
Another Cohort Set To Sell
1:12 p.m. ET November’s rally was almost the perfect storm, between hedge funds the most net short on record (2010)...
Early Update – Defensive Bias
11:31 a.m. ET The averages gave back some of the pre-market PPI pop, roughly a +0.1% additional gain in pre-market...
A.M. Update
S&P futures are up +0.2% ahead of today’s FOMC meeting, which will include a new policy directive and updated Summary...
Daily Wrap – Bull Trap Conditions Are Coming Along
The stock market started the session on a mixed note. Initially, Treasury yields moved higher and stocks struggled near yesterday’s...
Afternoon Update
S&P is up our consecutive days. It’s above $4600, and while price gains aren’t huge, price is going more vertical....
Gold Update
2:56 p.m. ET At the risk of receptiveness, I am pretty sure you know that while I had no issue...
Intraday Update
1:53 p.m. ET Yields dropped in the wake of the 1 p.m. 30-year Treasury auction, 10-year yield (10m) and the...
Early Update – Very Modest Follow-Through
11:23 a.m. ET The averages are adding a little to yesterday’s breakouts above levels I identified Sunday, but gains are...
A.M Update
S&P futures are down -0.1% after the CPI report, while global markets are green. Notable data from overseas included Japan’s...