Consumer sentiment not looking pretty
If the hotter inflation report wasn’t bad enough for stocks, at 10am, the Michigan Sentiment report plunged to a record low.
Read MoreIf the hotter inflation report wasn’t bad enough for stocks, at 10am, the Michigan Sentiment report plunged to a record low.
Read MoreThe May CPI report led to a large sell program in stocks at the market open.
Read MoreToday’s inflation data was worse than consensus expectation and the futures are responding in kind. Today’s early activity reinforces a few thoughts:
Read MoreMay inflation data was hotter than expected across the board, with the headline y/y reading hitting a fresh 40- year high.
Read MoreThe percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages dropped with yesterday’s 2.38% decline in the SPX.
Read MoreS&P futures are trading below Thursday's close amidst widespread losses in Europe and across Asia (except for China). Market participants await the May CPI report at 8:30 ET as…
Read MoreThe day started out ok, with equity futures trading higher in the pre-market.
Read MoreIn this short video, we take a quick look at the current positioning of our four key tactical indicators as the markets digest the ramp off the May low…
Read MoreThe current market environment remains tumultuous, and so does bullish retail sentiment.
Read MoreThe number of applications filed for initial jobless claims increased more than expected, to the highest level since mid-January.
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