Brief thought on early weakness
It looks like the market is going to get whacked this morning based on a potential new Covid-19 variant coming out of Africa. Anything associated with risk is seeing…
Read MoreEarly Friday look
S&P equity futures remain well below Wednesday's close. This comes amid an abbreviated session for US equities (closing at 1pm Eastern) following the Thanksgiving holiday. European markets are also…
Read MoreMarket reverses from early losses to close higher
It was a weak open for stocks, with the S&P 500 Index (SPX) gapping lower by the most in two weeks.
Read MoreHighlights from the November 3rd Federal Open Market Committee (FOMC) meeting minutes
The November FOMC minutes show some officials preferred a somewhat faster pace of asset purchase reductions.
Read MoreBrief mid-morning musing
First - Happy Thanksgiving! On pre-holiday trading days, we don’t read too much into what the market does. As we posted yesterday, our more sensitive tactical indicators are getting…
Read MoreInitial jobless claims 199k
Wow. The number of people filing initial jobless claims plummeted, breaking below the 200k level for the first time since…November…1969.
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 increased with yesterday’s 0.17% gain in the SPX.
Read MorePre-Thanksgiving early look
S&P equity futures are below Tuesday's close. Asian markets were mixed overnight with moderate gains in Greater China and an outsized pullback in Japan. European markets mostly lower. Treasuries…
Read MoreStocks close mixed
Stocks swung between gains and losses today, with the major indices closing well off the session lows.
Read More