August 12, 2021
Bill Baruch is founder and President of Blue Line Futures, Blue Line Capital, and Blue Creek Capital. Bill has extensive experience in the financial industry as an advisor, trader and manager. He started his career as an investment banking analyst, but quickly left for the fast paced world of commodity trading in 2007. He got his start as a Market Strategist at Lind Waldock’s Chicago Board of Trade office. Lind Waldock was purchased by MF Global and he began running his own trade desk there in 2009. In 2011, he took a role as the Chief Market Strategist at iiTRADER. Blue Line Futures is a futures and commodities brokerage, Blue Line Capital is a registered investment advisor, Blue Creek Capital is a commodity trading advisor.
August 12, 2021
Inflation, the Fed, and Pace of Taper
The S&P and Dow finished yesterday at fresh records, capitalizing off yields being subdued on inflation data (CPI) not running hotter than expected and a strong 10-year Note auction.
August 10, 2021
Midday Market Minute: August 10, 2021
August 9, 2021
Midday Market Minute: August 9, 2021
August 9, 2021
Commodity Carnage and Stocks at Records
Friday’s strong Nonfarm Payroll report paves the way for the Federal Reserve to announce a taper of its monthly asset purchases no later than September 22nd, when the committee concludes its next meeting.
August 8, 2021
Midday Market Minute: August 6, 2021
August 6, 2021
Nonfarm Friday, What to Know
It is Nonfarm Friday, and today’s jobs data will prove critical in a path to normalization. Expectations are for 870k jobs created in July and for the Unemployment Rate to drop to 5.7% from 5.9%. At last week’s Fed meeting, Fed Chair Powell noted the economy is “some way away” from the committee’s employment goals.
July 29, 2021
Fed Aftermath and the Dollar
Federal Reserve left rates and policy unchanged. U.S Dollar Index failed breakout at 93.00 and is now breaking down from a flag pattern.
July 27, 2021
Midday Market Minute: July 27, 2021
July 26, 2021
Midday Market Minute: July 26, 2021
July 26, 2021
The Fed, China, and Mega-Cap Tech in Focus
This morning, earnings from Lockheed Martin were mixed; they beat top-line estimates but missed on the bottom. Hasbro, the toy and game maker, crushed estimates and is up more than 4% ahead of the bell. Tesla reports after the bell.
July 26, 2021
Midday Market Minute: July 23, 2021
July 23, 2021
Most Critical Week of the Year Yet, Next Week
U.S. benchmarks are pointing higher, finding added tailwinds from social media earnings after yesterday’s closing bell. No major sector gained more than 1% yesterday, but Energy and Financials each lost about 1%.
July 21, 2021
Midday Market Minute: July 21, 2021
July 21, 2021
Why Rates are Leading
E-mini S&P (September) / NQ (Sept) S&P, yesterday’s close: Settled at 4315.50, up 64.25 NQ, yesterday’s close: Settled at 14,722.75, up 182 Fundamentals: Yesterday, U.S. benchmarks snapped back from a healthy three-day slide. Can the rebound continue? Massive buying at the opening bell yesterday set the tone for a tape that had held well in … Continue reading Why Rates are Leading
July 20, 2021
Midday Market Minute: July 20, 2021
July 13, 2021
Midday Market Minute: July 13, 2021
July 12, 2021
Covid Variants and Inflation
U.S. benchmarks roared directionally higher on Friday with zero volatility. A wave lower Thursday was quickly erased, and the S&P set a fresh record high on Sunday’s open.
July 8, 2021
Midday Market Minute: July 8, 2021
July 8, 2021
Trading A Risk-Off Tone
U.S. benchmarks are down sharply on the heels of yesterday’s FOMC Minutes and ahead of a pivotal read on Jobless Claims.
July 6, 2021
Midday Market Minute: July 6, 2021
July 1, 2021
Midday Market Minute: July 1, 2021
July 1, 2021
The Dow and OPEC, Driving into Nonfarm
Last night, the S&P achieved our next major three-star resistance upside target with a high of 4305.75. In Wednesday’s Midday Market Minute, we explained how the continued construction above our roadmap of levels detailed below will lay groundwork for 4307.
June 30, 2021
Midday Market Minute: June 30, 2021
June 30, 2021
Data Heavy Back Half of the Week
The S&P and NQ are holding at record highs as we head into the data heavy latter half of the week. At the onset, we noted that a quiet news flow will allow the Delta Variant to dominate headlines.
June 29, 2021
Midday Market Minute: June 29, 2021
June 28, 2021
Markets Shrug Off Delta Variant, Focus on Fed and Data
Crude Oil has several competing narratives to digest as the week gets underway. Of course, the Delta Variant invites fresh demand fears and is grabbing headlines at the onset of the summer travel season.
June 24, 2021
Midday Market Minute: June 24, 2021
June 23, 2021
Midday Market Minute: June 23, 2021
June 22, 2021
