Equities Looks Past the War; But Commodities, Bonds, and History Don’t: An Interesting Parallel Emerges
Stocks pushed higher alongside Oil, with VVIX and Nasdaq volatility both rising (while the VIX has behaved better since expiration)....
Afternoon Update
The S&P 500 notches new all-time high as Oil prices remain stable. Lots of chatter that the U.S. and Iran...
Market Update -Might Be Another Index Level 3C Change In Character Developing
The NAHB Housing Market Index contracted to 34 in April (consensus 38) from a prior reading of 38. A senior...
Equities Dive Headfirst Into Speculation While Oil, Yields, and Commodities Stay Cautious
Stocks ripped higher as the Dollar, Oil and Yields decline. That’s a reflection of geopolitical optimism, as if the war...
Intraday Update
Optimism remains high that the U.S. and Iran could soon agree on a more lasting ceasefire, with President Trump telling...
Market Update
A decline in oil near $93 supports a risk-on tone as the general perception is that the war is all,...
A.M. Update
S&P Futures are up just shy of 0.25%, while VIX futures are down -4%. Bloomberg reported that the U.S. and Iran...
Geopolitical Whiplash: Failed Iran Talks Spike Oil Above $105, But Headlines Trigger Swift Monday Reversal
Failed peace talks pushed WTI crude above $105 Sunday night and pressured index futures lower, but the move reversed again...
Afternoon Update
Surprising day in many ways, mostly the outperformers within the tech and financial sectors. CTAs and other systematics are still...
Market Update- Flood Of Positive-Sounding Middle East Headlines
The day has been fluid, starting with index futures lower, but a steady stream of optimistic Middle East headlines has...
A.M. Update
S&P futures are down -0.45% this morning after the U.S. and Iran failed to reach an agreement this weekend. President...
Afternoon Update
The major averages are trading mostly flat, with the large-cap indices tangled around their 100-day simple moving averages. Weakness is...
Market Update – Fading Momentum
Geopolitical headlines are “quieter” ahead of weekend discussions between the U.S. and Iran, but still having an effect. Iran warned...
A.M. Update
S&P futures are up +0.1%. Bloomberg reports that while the Strait of Hormuz remains effectively closed to tanker traffic, other aspects...
WTI Tops $102 as Hormuz Remains Closed and Saudi Outages Worsen, Markets Rally on Israel-Lebanon Talk Optimism
The major averages spent most of the morning in modestly negative territory as the Strait of Hormuz remained largely closed...
Semi Update
After yesterday’s big jump in Semis and Hanging Man candle on Wednesday’s daily chart, I was interested to see what...
And Just Like That…
Just minutes ago just after 2 p.m. ET Israel’s Prime Minister Netanyahu: There is no ceasefire in Lebanon. Israel’s Prime...
Axios Pump: Netanyahu Lebanon ‘Talks’
On personal note; today is a great example of why I really don’t like this kind of market where a...
A.M. Update
S&P Futures are down 0.25% keeping price action drifting laterally. The Strait of Hormuz remains closed, which The Wall Street...
Strongest Risk-On Rally in Months, Even as the Ceasefire Unravels in Real Time
I so don’t want to do the news, so I’ll keep this as short and as relevant as possible. President...