Intraday Update – Mega Caps Lead
1:04 p.m. ET With yields down after the BOJ’s YCC “Tweak” was a non-event, many of the stocks that were...
Early Update – The BOJ Bounce
10:55 a.m. ET The gist of this morning’s price action can be summed up with one paragraph from last night’s...
A.M. Update – BOJ Less Hawkish Than Expected
S&P futures are up +0.7% as index futures retrace yesterday’s losses after the Bank of Japan’s “tweak” to its YCC,...
Daily Wrap
The market started the session in rally mode. A nice gain Meta Platforms (META +4.4%) post-earnings, and an overnight rethink of yesterday’s...
Afternoon Update – Sell Off Continues
The 10-yr yield continues hovering around or above the key psychological 4.00% level. More to the point, up 15 or...
Market Update – 10-year Above Key 4.00%
2:42 p.m. ET Yields were already high and heading higher, but the news this afternoon that the Bank of Japan READ MORE
Market Update – 10-year Above Key 4.00%
2:42 p.m. ET Yields were already high and heading higher, but the news this afternoon that the Bank of Japan...
Yields Continue to Surge Into Double Digits – Mega-Caps Falter
1:24 p.m. ET If there was one big takeaway from 2022’s bear market, it’s that extremely richly, forward-looking valuations of...
Intraday Update – Mega-Caps Lead
12:41 p.m. ET Index futures’ prices have mostly reverted down to 3C. Dow futures (1m) all index futures had good...
Early Update
10:34 a.m. ET ****The market is quite fluid this morning. Rather than go back and update this post, I’m going...
A.M. Update
S&P futures are up +0.7%, NASDAQ-100 futures are up +1.3%, Russell 2000 futures are up +0.7% and Dow futures are...
Daily Wrap
The two primary market catalysts today were, 1) mixed earnings reactions from mega-caps Alphabet (GOOGL +5.8%) and Microsoft (MSFT -3.75%)...
Post Powell Afternoon Update
After Powell’s presser, the take seems to be slightly more dovish. The Dollar Index is down modestly (-0.3%), the Fed...
Fed Hikes 25 BP
2:17 p.m. ET The Fed raised the Fed Funds Rate by 25 bp in a unanimous decision. The new target...
Pre-FOMC Update – Mega Caps Weak, Banks & Transports Strong
1:22 p.m. ET We have less than an hour to go before the FOMC policy directive. A 25 basis point...
Early Update – Transports Reach Upside Target – Tech Breaks Trend Line
10:49 a.m. ET In economic data since the open, New Home Sales dropped -2.5% MoM (more than expected and the...
A.M. Update
S&P futures are down -0.2% in front of the FOMC policy decision at 2:00 p.m. ET followed by Fed Chair...
Daily Wrap
Although a fairly dull day, most of the major indices closed with gains after the S&P 500 and Dow Jones...
Market Update
3:26 p.m. ET With Microsoft and Alphabet earnings after the bell, it seems there’s some enthusiasm ahead of both. The...
Early Update
11:17 a.m. ET Economic data since the open: Consumer confidence jumped to 117.0 in July (consensus 111.5) from a revised...