Will the Fed be the Grinch and Steal the Christmas Rally?
Today is bigger than any typical Fed Day, it is Decision Day. Will the central bank play the Grinch that Stole the Christmas Rally?
The Bond Market Smells a Fed Policy Mistake
Are Bonds worried about Omicron or a policy mistake from Fed? Bond breakout, 30-year yield at the lowest since first week of 2021.
Breakdown or Fakedown?
Crude Oil plunged 13% on Friday on renewed Covid fears. All eyes on OPEC+ this week, technical and official meeting later this week.
Data to Impact Thanksgiving Markets
Major three-star resistance at 4690-4694.50 has held perfectly; close above here is needed to neutralize this wave of weakness.
S&P and Silver, Resolutions Imminent
S&P and NQ working to define higher floors. The S&P solidified 4667-4669 last week on two tests. Recurring level 4684.75-4685.50 would be next in line. The NQ is detailed with rare major four-star support in the levels below.
Hot Retail Sales, May Not Be What You Think
U.S. benchmarks are comfortably holding ground and eyeing a slate of retail data. Walmart and Home Depot helped the morning off to a strong start.
Inflation is Back, Can Risk-Assets Withstand It?
Gold finally did the two things it had to do; fundamentally capitalize on hot inflation and technically breakout of its downtrend.
Navigating Jobs Friday
Nonfarm Payrolls due at 7:30 am CT. Expectations are for 450k jobs added, wage growth of +0.4% MoM and +4.9% YoY, Unemployment Rate to 4.7% from 4.8%.
Will the Fed Turn this Market into a Pumpkin?
It is Fed Day and equity markets are at record levels. Will the Fed turn this high-riding carriage into a pumpkin at 1:00 pm CT?
Long-Term Rolling Target in S&P Achieved
S&P achieved longer-term rolling 12-month upside target at 4620, a full 100% measured move defined by the range from the February 2020 highs to the March 2020 lows.
Apple & Amazon Set Tone as Dollar Rebounds
Apple and Amazon both disappointed after the bell yesterday. U.S. benchmarks melted higher into the close (ahead of earnings).
Stocks Priced for Perfection and Dollar in Focus
The earnings carousel continues, and UPS is the highlight this morning. The stock is up 5% after not only the company topped estimates, but every one of its business segments did.