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...
A.M. Update
S&P futures are near unchanged as the FOMC starts its 2-day meeting, culminating with tomorrow’s policy decision. Earnings season is...
Daily Wrap
At the start of a busy week (FOMC, Q2 GDP, PCE, mega-cap earnings), today’s session was modestly positive, in keeping...
Afternoon Update
The yield curve, at least the 5s-30s, is back to last week’s flattest level after some bank-positive, modest curve steepening...
Yields Follow Up
1:53 p.m. ET The unusual move in yields around 12 p.m. seems o be related to the 1 p.m. Treasury...
Yields Higher
12:56 p.m. ET Around 12 p.m. ET, Treasuries took a pretty sharp turn lower and sent yields higher, into the...
Early Update
10:46 a.m. ET I didn’t get too much into this morning’s Euro area PMI’s, but they’re worth being aware of....
A.M. Update
Index futures are mixed, from flat to S&P +0.15% at the start of a big week that includes the Fed,...
Afternoon Update
As I mentioned in the first post of the cash market, the Early Update, it seemed there was a max-pain...
Important Update – DEFENSIVE
2:00 p.m. ET Virtually nothing as changed with the major averages, they are VERY little changed. SP-500 +0.4%, Dow +0.3%...
Early Update
11:24 a.m. ET It’s a big op-ex day after a very emotional day of trade yesterday. Thus far there’s a...
A.M. Update
S&P futures are up +0.45% as stocks like Tesla and Tech bounce from big losses yesterday. There’s been a continued...
Daily Wrap
The big driver of today’s trade was earnings, whether that be the NASDAQ-100’s horrible performance (worst since February), or the...
Market Update – Mega-Caps And Semis Worse
3:23 p.m. ET It’s a bit of a ale of two markets and it’s being driven, at the surface level...
Early Update – A Lot Happening Under The Surface in a Lot of Areas
11:34 a.m. ET This morning is quite surreal. So many things I’ve recently observed or warned about, that hadn’t taken...
A.M. Update – Netflix and Tesla Earnings Weigh On The Market
S&P futures are down -0.25%, while NASDAQ-100 futures are down -0.75% as Tech stocks are under pressure. Russell 2000 futures...
Daily Wrap
The major indices saw some choppy action action today, but finished with modest gains in a consolidative manner. That was...