% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages declined further with yesterday’s selloff and are getting almost as low as they…
Read MoreTGIF early look
S&P equity futures are trading well above Thursday's close, amidst a higher session in Europe and a mixed Asia overnight.
Read MoreThere goes the Fed rally
Stocks plunged today, giving back all of yesterday’s rally and then some.
Read MoreBearish 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 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.
Read MoreSPX closes higher after a five-day selloff
The market was higher in early trading and remained there throughout most of the session.
Read MoreFOMC raises Fed Funds rate by 75 basis points
The latest Summary of Economic Projections shows the median fed funds rate projection of 3.4% for 2022 and 3.8% for 2023.
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