Early Update – Market Ugly, But Testing
10:54 a.m. ET It’s an ugly start to the day, but as you read down through the post, I think...
A.M. Update
S&P futures are down -0.6%, contemplating relatively soft mega-cap stocks, a missed interest payment by Evergrande, and the specter of...
Daily Wrap
This week is the final week of September, and of Q3. If you didn’t already know, it’s common to see...
Afternoon Update
It’s pretty rare for me not to have several posts in the cash session by this time of day, but...
Early Update – Market Tone Modestly Improving
11:42 a.m. ET After last week’s very ugly second half of the week, Friday we saw the averages losing downside...
A.M. Update
S&P futures are down -0.3% as the 10-year yield is higher this morning. The 2-yr yield is up two basis...
Stock Market Video Update and Forecast – Strategic And Tactical
If you’ve kept up with my video and occasional free subscriber posts, then you have an idea that things are READ MORE
Stock Market Video Update and Forecast – Strategic And Tactical
I actually worked on this video until 1:30 a.m. last night, then realized it was 90 minutes long so I...
Afternoon Update
As always, it’s a fast moving market when the levels that are key are just a tenth of a percent...
Market Update – Market Needs A TEST
1:51 p.m. ET ***It can take some time to capture all these charts and write up the post so a...
Early Update
10:33 a.m. ET Things are going the way I hoped they would as ex[pressed in yesterday’s Daily Wrap. The gains...
A.M. Update
Index futures are on the rebound this morning with S&P futures +0.35% and NASDAQ-100 futures +0.65% as yields back off....
Daily Wrap
When forecasting the market, I endeavor to build a case, not point out something obvious after it’s already happened. Building...
Afternoon Update
Picking up from the last post, we’re there. The S&P has now traded down to its H&S neck line, nearly...
Intraday Update
1:51 p.m. ET It looks like the day is losing downside momentum. Yields are still higher with the 2-year +2bp...
Early Update – Another Major Index Reaches Its H&S Neck Line & S&P Close to the Same
11:29 a.m. ET Since the open, Existing home sales were worse than expected, decreasing -0.7% month-over-month in August (expected to...
A.M. Update
S&P futures are down -0.8%, while NASDAQ-100 futures are down -1.2%, pressure by an ongoing rise in yields. Global market...
Daily Wrap – Fed Ridiculousness
This morning we saw the modest lift in stock prices that I refer to as the “FOMC Drift” with a READ MORE
Daily Wrap – Fed Ridiculousness
This morning we saw the modest lift in stock prices that I refer to as the “FOMC Drift” with a...
Afternoon Update
There’s only one take of today’s across multiple asset classes and that’s hawkish. Powell’s press conference was hard to watch...