Early Update – Market Action Getting Ugly
11:32 a.m. ET The preliminary reading of the University of Michigan Consumer Sentiment Index for September came in at 67.7...
A.M. Update
S&P futures are down 0.15% and NASDAQ-10 futures are down -0.3% on this triple witching options expiration. Underwhelming guidance from...
Daily Wrap
The stock market had the strongest showing today of the entire week, just a day before the big quarterly triple...
Value Outperforming Growth As Yields Rise Again
2:33 p.m. ET Yields aren’t up huge, but the 2-yr is up +2 bp just above 5.00%, the 10-yr is...
Early Update
11:25 a.m. ET Yields moved back toward the the highs of the brief spike around this morning’s PPI early in...
A.M. Update
S&P futures are up +0.55%, but Russell 2000 futures are the best performing, up +0.85% this morning. The positive bias...
Daily Wrap
As I wrote yesterday, if CPI comes in surprising, it’s going to be market moving. August CPI showed that core...
Market Update – Bearish Tone Continues and Intensifies
3:29 p.m. ET Overall it’s still a dull day in terms of any notable developments with regard to the bear...
Market Update
12:17 p.m. ET CPI was a non-event, which leaves tomorrow’s PPI the most important economic data point for the rest...
A.M. Update
S&P futures are unchanged despite some brief volatility around CPI. Small Cap Russell 2000 futures are doing better than the...
Daily Wrap
Today was a sort of flip-flop of yesterday. Rather than modest gains, the market saw modest losses except NASDAQ-100 which...
Afternoon Update
The averages are either in bear flags like the Dow or Small Caps… (5m) Or they’ve started to break under...
Early Update
11:08 a.m. ET The bear flags remain in all of the averages with some extra validation of the trend lines...
A.M. Update
S&P futures are down -0.35%, but off morning lows down as much as -0.7% at 8 a.m. A big loss...
Daily Wrap
Today went as expected, the bear flags broadened out and produced mostly modest gains. A handful of mega-caps stocks supported...
Intraday Update
3:25 p.m. ET Just a quick note. As we head into the close, the S&P is currently sitting above its...
Market Update
1:27 p.m. ET We still have those bear flags as suspected at the end of last week. Specifically the expectation...
Early Update
10:53 a.m. ET SPX +0.45%, Dow +0.25% (Transports +0.45%), NASDAQ-100 +0.6%, Small Caps +0.7% First things first, as suspected, the...
A.M. Update
S&P futures are up +0.6%, which leaves them well within Thursday/Friday’s bear flag. There is no U.S. economic data of...