A.M. Update
S&P futures are up +0.15%. Positive responses to better-than-expected earnings results from JPMorgan Chase (JPM) and UnitedHealth (UNH) have the DJIA futures (+0.5%)...
Daily Wrap
More weaker than expected economic data, and more stock gains. Today’s price action (at least in mega-caps) looked better than...
Afternoon Update
Mega-caps are acting a lot better today than yesterday. With today’s PPI softness confirming yesterday’s CPI softness, we have a...
VIX Relative Strength Intraday and Beyond
2:25 p.m. ET Before I get into this post I just want to make clear a couple of things so...
Yields Continue to Fall – SPX $4500
12:59 p.m. ET In reaction to my Daily Wrap post’s title yesterday, “Inflation is Yesterday’s News”, San Francisco Fed President,...
Early Update
11:08 a.m. ET This morning is starting out very similar to yesterday morning. Falling inflation pressures are behind falling yields...
A.M. Update – Inflation Slows More
S&P futures are up +0.3%. China reported trade data for June that reflected a larger than expected year-over-year decline in...
Daily Wrap -Inflation Is Yesterday’s News
I’m feeling a little more casual than usual today, so I’m going to run with that. The most important economic...
Afternoon Update
Since the last update, the S&P 500 Health Care sector (-0.35%) joined Industrials (-0.2%) and slipped into negative territory recently, READ MORE
Afternoon Update
Since the last update, the S&P 500 Health Care sector (-0.35%) joined Industrials (-0.2%) and slipped into negative territory recently,...
Intraday Update – Mega-Caps Slip
1:23 p.m. ET Mega-cap heavy sectors have faded from the top of the leaderboard to 4th, 5th and 6th place...
Early Update
11:19 a.m. ET A month ago or so (I’ll find the excerpts and post them tonight) I said that inflation is...
A.M. Update
S&P futures are up +0.75% after favorable CPI data. Headline CPI rose just 0.2% MoM (below the 0.3% MoM expected)...
Daily Wrap
The equity market had another decent performance today. Things started out looking similar to yesterday’s tape with pro-cyclical sectors leading...
Afternoon Update
There’s really not much change since the last update, or in fact since the Early Update with the exception of...
Intraday Update
2:07 p.m. ET Thus far today’s trade is similar to yesterday’s. There’s a more pro-cyclical bias. Value style factors are...
Early Update
11:40 a.m. ET Small Caps are putting in decent performance again as my Most Shorted Index sees short covering this...
A.M. Update
S&P futures are up +0.25%. On a topic just broached in last night’s Daily Wrap – Chinese Stimulus – The...
Daily Wrap
There wasn’t much in the way of U.S. macro data, likely contributing to the dullish tone of the day. Overseas,...
Afternoon Update
For the most part the major averages are little changed. Mega-caps are lagging the S&P Equal Weight index by over...