Early Update – Mega-Caps to the Rescue
10:50 a.m. ET The averages and Treasuries have come up off the post-Payrolls a.m. lows. For the most part the...
A.M. Update – Payrolls Shocker
S&P futures were up +0.2% heading in to the Payrolls report. They are currently down -0.9%, dropping in straight line...
Daily Wrap
In recent days I’ve written, “There’s no conviction in this market”, numerous times, especially as it relates to buyers. It’s...
Afternoon Update
Heading in to the close, there’s absolutely nothing new to add. We have a ow conviction environment that is the...
Intraday Update – H&S Bear Flags
2:40 p.m. ET The major averages are mixed and little changed. Conviction remains extremely low, which is typical of a...
Early Update
11:02 a.m. ET It’s pretty rare that I don’t have a pulse on the market in the near term such...
A.M. Update
S&P futures are down -0.3%. Index futures seem a little touchy this morning, certainly tracking inversely to yields still, but...
Daily Wrap
After deeply oversold equity market and 1-day oversold internals yesterday, the major indices had a choppy session, ultimately finishing near...
Afternoon Update
The stock market is getting a much needed reprieve from deeply oversold levels and the decline in yields today is...
Intraday Update – Better Tone As Yields Fall More
12:54 p.m. ET As much as I hammer home the point daily that yields are highly inversely correlated with stocks...
Early Update – Lower Yields
11:20 a.m. ET We have some additional economic data since the open and the theme is stagflation. The S&P Global...
A.M. Update
S&P futures are up +0.25% and NASDAQ-100 futures +0.4%as yields back down. The 2-yr yield is down 5 basis points...
Daily Wrap
Stocks struggled amidst rising market rates again today but this time without the support of mega-caps. Selling today, like yesterday,...
Intraday Update – Higher Yields Keep Pressure on Stocks
2:44 p.m. ET The 2-year yield is up five basis points to 5.14%. The 10-yr yield is up ten basis...
Early Update – Higher Yields Weigh On the Market & Mega-Caps Catch Down
11:21 A.M. E.T. The market this morning, is acting much more like I would have expected yesterday as yields soared....
A.M. Update
S&P futures are down -0.65%, drug lower by higher Treasury yields once again… S&P futures (1m) and 10-year UST futures...
Daily Wrap
Today was the first trading day of the new month and second calendar day of the fourth quarter. Stocks struggled...
Afternoon Update
There’s not much movement since the last update. Quite frankly, I’m surprised to see the S&P and NASDAQ-100 holding up...
Intraday Update
1:27 p.m. ET The averages are trading at session lows, although NASDAQ-100 continues to outperform with mega-caps outperforming, but they...
Early Update – Mega Caps Outperform Despite Higher Yields
11:20 a.m. ET We’ve had some economic data since the A.M. Update. U.S. manufacturing data was expected to rise from...