There goes the Fed rally
Stocks plunged today, giving back all of yesterday’s rally and then some.
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Bearish sentiment jumped as stocks pulled back
Retail investors were increasingly negative about the market, with bearish sentiment hitting the second-highest level this year.
Read MoreJobless claims and housing starts
The economic data at 8:30am was weaker than expected, especially on the housing front.
Read MoreA sea of red
I am going to be completely out of contact for the next two days but wanted to offer some early thoughts given this morning’s sea of red...
Read MoreThe other side of a whoosh
We entered the Fed announcement on the back side of a whoosh. Monday’s break to the downside marked the third day in a row where 85% of NYSE volume…
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages moved slightly higher with yesterday’s 1.46% gain in the SPX. Both remain at…
Read MoreEarly Thursday look
S&P equity futures are trading sharply below Wednesday's close, amidst a sharply lower session in Europe and a mixed to lower Asia overnight.
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