Afternoon Update
As we move in to the close, the triangle consolidations come to an apex at the end of the day...
Triangles Coming To An Apex
1:21 p.m. ET SP-500 -0.1% Dow +0.4% (Transports +0.7%), Nasdaq-100 -0.45%, Small Caps +0.8% SPX (5m) This triangle comes...
Daily Wrap
U.S. markets had a lot of reason to post a very strong day. Micron (MU +14.75%) beat earnings, raised guidance,...
Afternoon Update
We’re not going to get an ugly close. SPX (5m)NDX (5m) But is this really the most bullish morning of...
Market Update – The Most Bullish Morning of the Year?
2:05 p.m. ET After 2 consecutive days of the PBoC’s simulative monetary policy actions, last night the politburo conducted their...
A.M. Update – Stimulus Bonanza
S&P futures are up +0.8%. For the third day of China stimulus in a row, China goes all in. China’s...
Daily Wrap
The People’s Bank of China provided another piece of policy stimulus, cutting its Medium-Term Lending Facility by 30 basis points...
Afternoon Update
With effectively 1 stock (Nvidia) trying to sponsor a breakout in the SPX/NDX, it didn’t get far as you can imagine....
Commodities Update
Copper and Gold are consolidating bullishly. Silver is on the verge of a meaningful breakout that only adds to inflationary...
Early Update – Pitiful Breakout Attempt?
I’m going to keep this post focused on stocks, and follow up next with a post on commodities next. They...
A.M. Update
S&P futures are effectively flat. The PBOC was back at it last night, announcing a 30 basis points cut to...
Daily Wrap
Overnight China added to stimulus measures. The People’s Bank of China (PBoC) said the 7-day reverse repurchase rate will be...
Afternoon Update- Watch WTI Crude’s $72 Level
There hasn’t been any meaningful movement since the last update, which itself pointed to the fact that there hasn’t been...
Early Update
12:45 p.m. ET This early update isn’t as early as I hoped, but I’ve had to write and rewrite it...
A.M. Update
S&P futures are up less than 0.1%. They did it. China announced stronger than expected, massive stimulus measures. This, of...
Daily Wrap – Q4 Stagflation Follow-Up
Today was another dull day following the excitement in the run-up to, and immediate aftermath of last week’s Fed. Friday’s...
Afternoon Update
3:31 p.m. ET The stock market has exhibited lackluster action thus far. The price action should be viewed as having...
Early Update – More Stagflation Evidence Confirmed By PMIs
12:00 p.m. ET After European PMIs came in ugly and boosting rate cut expectations from the ECB, U.S. PMI’s came...
A.M. Update – Soft European Data
S&P futures are up +0.25%. Soft Manufacturing and Services PMIs from the eurozone boosted speculation about an October rate cut...