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?
Midday Market Minute December 14, 2021
Midday Market Minute December 13, 2021
Midday Market Minute December 07, 2021
Midday Market Minute December 06, 2021
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.
Midday Market Minute November 30, 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.
Do These Reversals Have Legs?
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.
Midday Market Minute November 18, 2021
Midday Market Minute: November 17, 2021
Midday Market Minute: November 16, 2021
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.
Midday Market Minute: November 8, 2021
Midday Market Minute: November 5, 2021
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%.
Midday Market Minute: November 4, 2021
Midday Market Minute: November 3, 2021
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?
Midday Market Minute: November 2, 2021
Midday Market Minute: November 1, 2021
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).