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April 27, 2022
The futures for the major indices are trading higher this morning, although it is unclear if they are higher because the indices have been taking a beating of late or if they are higher because of some relief following the latest batch of earnings results.
March 31, 2022
The S&P 500 futures trade five points, or 0.1%, above fair value as the market struggles for direction amid a lack of conviction on this last day of the first quarter. The benchmark index enters the session down 3.4% for the quarter but up 5.2% this month.
March 23, 2022
The futures for the major indices are lower, but don’t let that indication fool you. There isn’t any abject negativity in the negative leaning as market participants continue to lean in to the possibility of the rebound momentum carrying over today.
March 22, 2022
Currently, the S&P 500 futures are up 15 points and are trading 0.5% above fair value, the Nasdaq 100 futures are up 24 points and are trading 0.2% above fair value, and the Dow Jones Industrial Average futures are up 162 points and are trading 0.8% above fair value.
March 21, 2022
Currently, the S&P 500 futures are down two points and are trading 0.1% above fair value, the Nasdaq 100 futures are down 49 points and are trading 0.3% below fair value, and the Dow Jones Industrial Average futures are down 73 points and are trading 0.1% above fair value.
March 18, 2022
There has been a lot of activity this week. Most of the downside activity came in short spurts on Monday and Wednesday. The rest of the week has been driven by a positive-minded bias.
March 10, 2022
Fresh off yesterday’s relief rally, the stock market is back to worrying again today. The futures for the major indices are lower, principally because the optimism about a potential ceasefire arrangement between Russia and Ukraine is lower after talks between their foreign ministers broke down without any real progress.
March 1, 2022
The stock market is 0-for-2 so far this year, registering declines in January and February. Today marks the start of a new month, yet there is a familiar-looking leaning in the futures market driven by some familiar-sounding concerns.
January 19, 2022
Things are looking up for an opening rebound effort for the major indices. The S&P 500 futures are up 24 points and are trading 0.7% above fair value.
January 18, 2022
Rising interest rates and the fear of rising interest rates have been a thorn in the stock market’s side in early 2022. That thorn is being twisted this morning, evidenced by the weak disposition of the futures market and the pre-destined underperformance of the growth stocks.
January 11, 2022
The S&P 500 futures trade ten points, or 0.2%, above fair value following yesterday’s comeback effort. Long-term interest rates are behaving themselves this morning in front of Fed Chair Powell’s confirmation hearing at 10:00 a.m. ET.
January 4, 2022
It was a good start to 2022 for the stock market but not the Treasury market. The S&P 500 set a new record closing high, whereas the 10-yr note yield hit a six-week high amid a wave of steady selling interest.
December 15, 2021
There are all sorts of possibilities for how the stock market will do today. Still, there are only three precise outcomes: the stock market will finish higher, lower, or unchanged.
December 13, 2021
The stock market appears to be holding a line with the positive bias that carried the S&P 500 to a new record closing high on Friday. Currently, the futures for the major indices are all trading 0.3% above fair value.
December 8, 2021
Looking at the stock market this morning, it is fair to say that its concerns about the Omicron variant have been put to rest for the most part.
December 7, 2021
The stock market is set to keep trading with a bullish-minded bias. Currently, the S&P 500 futures are up 57 points and are trading 1.3% above fair value.
November 29, 2021
Currently, the S&P 500 futures are up 54 points and are trading 1.2% above fair value, the Nasdaq 100 futures are up 216 points and are trading 1.4% above fair value, and the Dow Jones Industrial Average futures are up 371 points and are trading 1.2% above fair value.
November 18, 2021
The initial move today should be higher based on the directional activity provided by the futures market.
November 16, 2021
The futures market is trading in a manner that suggests the major indices will start the day on a flattish note.
November 15, 2021
The stock market made a good run Friday at extending its weekly winning streak to six weeks, but it came up just short.
November 4, 2021
It was clear yesterday that the stock market liked what it heard from the Federal Reserve and Fed Chair Powell. The major indices rallied following the FOMC news and press conference, settling near their best levels of the day and establishing new record closing highs.
November 3, 2021
A new directive will be published at 2:00 p.m. ET and Fed Chair Powell will follow at 2:30 p.m. ET with his press conference.
November 1, 2021
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite had record closing highs on Friday and they are expected to keep trending higher when today’s opening bell rings.
October 28, 2021
The stock market got blown over yesterday with a gust of late selling pressure, and this morning there is another whirlwind of information to digest.
October 27, 2021
There is plenty of good earnings news this morning to get the stock market going, but because the going hasn’t been tough at all this month, the stock market isn’t really going like one might think.
October 26, 2021
Just because some technical indicators might suggest the stock market is overbought on a short-term basis and ripe for a pullback doesn’t mean market participants will necessarily comply with that setup. They certainly aren’t in pre-market action anyway.
October 25, 2021
Records were set last week by the S&P 500 and Dow Jones Industrial Average. More could be coming this week, but there is a big earnings hill to climb if that is going to happen.
October 20, 2021
The S&P 500 and Nasdaq Composite have enjoyed five straight wining sessions. During that streak, they have increased 3.9% and 4.6%, respectively, yet their uptrending ways go back even further. Since their lows on October 4, they are up 5.6% and 6.7%, respectively.
October 14, 2021
The stock market didn’t make a big move yesterday, but the Treasury market did, and that move is making a difference this morning along with some better than expected earnings news. Briefly, after hearing that total CPI was up 5.4% year-over-year in September and that core CPI was up 4.0%, longer-dated Treasury securities rallied. That … Continue reading Peak Inflation View Has Rebound Effort in Play
October 11, 2021
The Treasury market isn’t open today. It is closed in observance of Columbus Day, but even so, you’ll still be hearing a lot about bonds today (including James Bond since it was opening weekend for No Time to Die).
