Early Update – Bad Economic News is Good News For Stocks…For Now
11:46 a.m. ET I remember early on in my market career, not understanding why the market would rally on weak...
A.M. Update
S&P futures are up +0.5%, they were down -0.1% just before 8:30 a.m., but just as predicted yesterday, a weak...
Daily Wrap
November is off to a banging start. Recall that Mutual Funds, with some $1.8 trn in assets under management, were...
Afternoon Update
Just a quick reminder… Stocks are at session highs, the S&P is just shy of a half a percent away...
Market Update
2:29 p.m. ET Stocks continue to have a strong showing today with the 10-year yield down double digits (-12 bp),...
Early Update – Target Levels
11:37 a.m. ET It’s not hard to understand why the averages are up this morning, the bond market and FX...
A.M. Update
S&P futures are up +0.9% this morning. Another double digit drop in 10-year rates has been supportive. The 10-yr yield...
Daily Wrap
Apologies for the late hour, but I’ve been working on this since the close. Lots of charts to get familiar...
Afternoon Update
We may get 1-day oversold conditions today, we’ll have to see what the price/volume relationship is. What I’d like to...
Powell Update – Dovish Snoozer. Small Caps Getting Interesting
3:45 p.m. ET The FOM/Powell basically said nothing new from the last meeting. The market likes, “Nothing”. The Dollar Index...
FOMC update
2:26 p.m. ET The Fed doesn’t hike and holds at the 5.25%-5.5% corridor as expected. There was less than a...
Pre-FOMC Update
1:38 p.m. ET Earlier gains in the market have moderated the closer we et to the FOMC. Today’s theme is...
Early Update – A Big Decline in Yields Stick Saves The Market & 3C Update
11:52 a.m. ET Stocks are gaining as yields continue to fall. That’s put the mega-caps back into a position of...
A.M. Update
S&P futures are just about flat ahead of the FOMC decision at 2:00 p.m. ET, and Fed Chair Powell’s press...
Daily Wrap – Happy Halloween, But Don’t Miss This Update
The major averages all began today’s cash session with mixed price action, oscillating around yesterday’s closing levels. However, it was...
Afternoon Update
As you know from last week, Yields consolidating offered some support to the averages coming in to this week, much...
Intraday Update – FOMC Drift
It’s a pretty slow day, but Value stocks (+0.75%) have a performance edge over Growth stocks (+0.25%), thus the mega-caps...
A.M. Update -Mega Caps Out of Favor, Small Caps In Favor
11:33 a.m. ET Mega-caps aren’t providing the leadership today that they did yesterday. Although Treasury yields are currently mixed, they...
A.M. Update
S&P Futures are up +0.1% following another heavy batch of earnings that was met with mixed reactions. The Employment Cost...
Daily Wrap
The major indices closed near their best levels of the day with gains ranging from 0.6% to 1.6%. The market...