Rebel Yell Morning Market Report
Your Daily Financial Market Briefing - Giving You An Investing Edge Before Each Trading Day Begins
The Morning Market Report is dedicated to keeping you a few steps ahead of the market’s ups and downs, so you can improve your investing, and trading results. Every morning you will wake to up-to-date market data and economic analysis that will affect your investing decisions today. Your daily look ahead reports on what you should know and what is happening now in financial markets, U.S. and world economies, earning reports, sector trends, investment news, and much, much more. The Morning Market Report delivers financial investing information when you need it most, before the markets open!
The Daily Briefing For August 4th: ADP Report Tanks
ADP Jobs Report tanks and stocks move lower while bonds move higher in price and lower in yield.
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The Daily Briefing For August 3rd: Stocks Up Modestly, M&A Activity Rockets
Stocks are modestly higher today and M&A activity is busy with a combination of sales and mergers.
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The Daily Briefing For August 2nd: Stocks Higher Despite Potential Trouble On Horizon
Stock futures are higher this morning despite the debt ceiling being violated and Covid-19 cases moving back over 100,000 a day.
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The Daily Briefing For July 30th: Stocks Lower
Stocks Are mixed in today's action. However, the Russell 2000 is higher.
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The Daily Briefing For July 29th: Futures Higher With Several IPOs Including Robinhood
It looks like IPO Robinhood (HOOD) is having trouble getting out the door. This could make today a volatile day.
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The Daily Briefing For July 28th: Futures Up Modestly
Stocks are quiet as we move into the Federal Reserve Open Market Committee Meeting concluding and a press conference at 2:30 p.m. EDT.
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The Daily Briefing For July 27th: Futures Lower For A Second Day
Futures are lower but will we be higher by the close?
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The Daily Briefing For July 26th: Futures Modestly Lower
Stocks are lower as Covid-19 Cases are climbing again due to the Delta Variant of the virus. Cases are now above 64,000.
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The Daily Briefing For July 23rd: Futures Higher
Stocks are higher for the fourth morning in a row. An amazing run after a weak start on Monday. The $64,000 question is will people freak out about Covid-19 cases on the rise next week.
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The Daily Briefing For July 22nd: Futures Mixed
Stocks are mixed after Monday weakness and the dead cat rebound on Tuesday and Wednesday.
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The Daily Briefing For July 21st: Future Up Modestly
Will we continue to rally today or head lower? There is no news that is super positive this morning and there are no rumors about Johnson & Johnson vaccine not working on the Delta variant.
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The Daily Briefing For July 20th: Futures Rebounding Today
Stocks are rebounding from the worst day of 2021. More to come or a one day puke?
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The Daily Briefing For July 19th: Futures Getting Crushed
Not a good start to the week with the S&P 500 off -53 points.
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The Daily Briefing For July 16th: Futures Up Modestly
As we head into the weekend, stocks are on the bend.
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The Daily Briefing For July 15th: Stocks Lower, Day 2 of Powell Before Congress
Stocks are lower today as Federal Reserve Chairman Powell heads to The Hill to testify before the Senate Banking Committee.
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The Daily Briefing: Stocks Rally, PPI Hot And Federal Reserve Chairman Powell On Deck
Today is a blur. Stocks have rebounded from lower overnight. PPI came in white hot. Federal Reserve Chairman says the party can continue no problem.
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The Daily Briefing For July 13th: Futures Lower Post CPI Data
June CPI came in at 0.9% jump against estimates of 0.5%. White lightning. The Federal Reserve will now have some choices to make and Powell's testimony now more important.
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The Daily Briefing For July 12th: Futures Mixed But Off The Overnight Lows
This is a key week as earnings reports begin in earnest this week.
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The Daily Briefing For July 9th: President Business Caves To Far Left Today
President Business aka Joe Biden is invoking Executive Orders on a variety of businesses because hey after all he is a great businessman and knows what is best for the most successful tech companies.
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The Daily Briefing For July 8th: Futures Falling This Morning
Stocks are lower this morning on concerns over the Delta variant and lower bond yields. Caveat Emptor.
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The Daily Briefing For July 7th: Yields In Free Fall On 10 Years, 1.29%
On Friday the yield on the 10 Year was 1.45% and is now at 1.29%, two trading days later. What in the world is going on? Comments later today.
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The Daily Briefing For July 6th: To The Back Half of 2021
The first half of 2021 was strong, will this trend continue in the second half of 2021? Tune in here to find out as we measure the day to day action.
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The Daily Briefing For July 2nd: Stocks Higher On Good Jobs Data
Stocks are higher on better Jobs data. But pay attention to the outcome of the OPEC + Meeting at noon.
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The Daily Briefing For July 1st: Tough Talk From China
IPOs Priced or News: Aligos Therapeutics (ALGS) priced at $19 a share. Acumen Pharmaceuticals (ABOS )priced at $16 high end of range of $14 to $16. EverCommerce (XMTR) priced at $17 a share mid range $16 to $18 a share range. Hepsiburada (LZ) priced at $12 a share mid point of $12 to $14 range. Torrid (CURV) priced at $21 a share at high end of range of $18 to $21.
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The Daily Briefing For June 30th: Big IPO Deal, ADP Strong & Stocks Mixed
IPOs Priced or News: Didi Global (DIDI) priced at $14 a share. Intapp (INTA) priced at $26 mid range of $25 to $28. Xometry (XMTR) priced at $44 a share above $38 to $42 a share range. LegalZoom.com (LZ) priced at $28 a share above $24 to $27 range.
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The Daily Briefing For June 29th: Futures Are Flat Up +0.75
Stocks are slowing and so is volatility. How long will this last? Only time will tell.
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The Daily Briefing For June 28th: Futures Higher Buts Questions Rising on Delta Variant
Stocks are higher by +4 on the S&P 500. However, questions are rising about the Delta variant.
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The Daily Briefing For June 25th: Futures Higher As We Finish Out The Week
Stocks look to have a turnaround week after selling post FOMC last week.
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The Daily Briefing For June 24th: Futures Move Higher.
Today is a busy day for IPOs and Fedspeak. Futures are cooperating today as well with the S&P 500 up +21.
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The Daily Briefing For June 23rd: NASDAQ High New Highs, The Bull Refuses To Die
Despite mixed internals, the indexes continue to rip higher. We will weigh in on this later today here. So make sure to check back.
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The Daily Briefing For June 22nd: Up Slightly In Front Of Powell
The market is concerned today only about Federal Reserve Chairman Powell's testimony at 2:00 p.m. EDT in front of the House. Will his comments resume the selling from Thursday and Friday? Or will markets view his comments differently.
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The Daily Briefing For June 21st: Stocks Rebound From Overnight Weakness
Stocks are off their lows overnight when the S&P 500 hit 4126. Currently, it is at 4171.
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The Daily Briefing For June 18th: Stocks Lower To Close The Week
Despite several IPOs today. Almost as many acquisitions. Stocks are lower. Why? Fedspeak. Read on.
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The Daily Briefing for June 17th: Stocks Lower Post FOMC
If stocks closer lower,then it will be the third down day in a row. The last losing streak that lasted more than three days in a row was a five day losing streak that ran from February 16th to the 22nd.
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The Daily Briefing For June 16th: Futures -1.54
Stocks are down fractionally. All eyes are on the Federal Reserve at 2:00 p.m. and onward. How will Federal Reserve Chairman Powell thread the needle. We think perfectly.
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The Daily Briefing For June 16th: Up Slightly After Retail Sales and PPI
Stocks refused to crack after a hot PPI number and a weak sales number. This is the first day of the Federal Reserve meeting. A narrow trading range today?
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The Daily Briefing For June 14th: Futures Modestly Higher
Stock are modestly higher this morning as we enter a rather busy week from a geopolitical viewpoint with a NATO, FOMC and Putin meeting this week.
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The Daily Briefing For June 11th: S&P 500 Hits All Time High
Stocks look to finish the week out on a positive note.
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The Daily Briefing For June 10th: CPI Comes In Hot
Stocks are mixed this morning as CPI came in hot at 0.6%.
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The Daily Briefing For June 9th: Futures Mixed To Higher
Stocks are mixed to higher this morning as the Russell 2000 contemplates whether it wants to break out to a new high last seen in February and the S&P 500 has a similar decision in terms of taking out 4250.
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The Daily Briefing For June 8th: Futures Rebounding
Stocks are recovering from overnight losses. Will it stick?
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The Daily Briefing For June 7th: Futures Flat
Stocks are little changed as we start the second week of trading in June. The biggest news this morning is that Jeff Bezos is going to space in July.
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The Daily Briefing For June 4th: Stocks Rally on Jobs Data
Stocks are in rally mode this morning despite missing estimates of the Job's data.
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The Daily Briefing For June 3rd: Stocks Dropping Despite Good Jobs Data
Stocks are lower today despite strong ADP Jobs Data and Weekly Jobless Claims.
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The Daily Briefing For June 2: Let's Make A Deal
Usually we get deals the Tuesday after Memorial or Labor Day. This year the deals are flowing on Wednesday morning.
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The Daily Briefing For June 1st: Futures Higher
Stocks are set to open the week higher. Can it hold? Friday brings new jobs data.
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The Daily Briefing For April 30th -Stocks Taking A Breather As Month Ends
Stocks are struggling into month end. That said, it ha been another strong month for stocks.
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The Daily Briefing For April 29th: Futures Hit Peak On The Open And Fall
Stocks opened at a high and have sold off. Can they recover into the end of the day?
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The Daily Briefing For April 28th: Futures Mixed As FOMC Latest & Biden To Speak
Today we get a double dose. First FOMC announcement and presser. Then tonight President Biden speaks.
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The Daily Briefing For April 27th: Federal Reserve Starts A Two Day Meeting
Federal Reserve speakers are quiet today as the FOMC begins a two day meeting.
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The Daily Briefing For April 26th: Futures Mixed As We Move Into A Fed Week
The Federal Reserve holds a two day meeting that concludes on Wednesday with a press conference. Will Federal Reserve Chairman Jerome Powell hit it out of the park.
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The Daily Briefing For April 23: Futures Positive For The First Time This Week
Stocks are finally getting a bid on the open. Enjoy the weekend.
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The Daily Briefing For April 22nd: Futures Struggle For A Fourth Say
This is the first week in quite a while where futures were negative for the week. Will Friday complete the trend if lower.
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The Daily Briefing For April 21st: Stocks Lower For A Third Day
Stocks are lower for a third day in a row. Looks like the peak may be in.
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The Daily Briefing For April 20th: Futures Lower For A Second Day
Stocks are struggling for a second day this week. This would mark a second down day in a row on the S&P 500. Will Apple (AAPL) save the market? The last three day losing streak was in late March.
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The Daily Briefing For April 19th: Futures Lower As We Start A New Week
Stocks are getting off to a slow start today.
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The Daily Briefing For April 16th: Futures Up Modestly
Stocks are modestly higher on April Options Expiration.
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The Daily Briefing For April 15th: Futures Rebound, Economic Data Very Strong
Economic data out today was very bullish. Clearly, the economy is coming back to life.
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The Daily Briefing For April 14th: Futures Mixed
Gold lower with silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.02 from $131.70 with the yield at 1.63% from 1.673%. Bitcoin $ 64209.50 this morning up $1333 and +2.12%.
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The Daily Briefing For April 13th: Stocks Mixed On Johnson & Johnson News
Stocks are mixed as investors try to figure out what the impact of the Johnson & Johnson news is for holders of those shares.
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The Daily Briefing For April 12th: Earnings Start This Week
Yes Federal Reserve Chairman Jay Powell appeared on 60 Minutes last night but the key for the market this week are the bank earnings we are going to get - JP Morgan, Bank of America and Goldman Sachs among others.
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The Daily Briefing For April 9th: Stocks Mixed
Stocks are mixed today after a strong week.
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The Daily Briefing For April 8th: Stocks Led Higher By NASDAQ 100, Powell To Speak At Noon
The yoyo back and forth for stocks continues. Tech stocks are higher today after lagging yesterday.
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The Daily Briefing For April 7th: Futures Mixed To Lower
Stocks are resting today digesting gains from last Wednesday onward.
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The Daily Briefing For April 6th: Stock Mixed After Three Strong Days
S&P 500 -8 Dow Jones Industrial Average -69 NASDAQ -7 Russell 2000 +3 Fair values are mixed. Asia mixed and Europe higher. VIX is at 19.46 from 19.45 yesterday this morning in futures. VIX closed at 17.91 from 17.30 and the three month futures at 20.96 from 20.97.
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The Daily Briefing For April 5th: Futures Are Higher Post Friday's Jobs Data
Stocks are off to the races on Friday's Jobs Data that came in several hundred thousand higher than expected.
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The Daily Briefing For April: Futures Positive
The first quarter is now history and we move into traditionally the toughest quarter of the year, Q2. Will that be the case this year?
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The Daily Briefing For March 30th: Stocks drifted lower Tuesday
Cyclical energy, financials and industrials have outperformed strongly for the year-to-date. Last year's leading technology companies have lagged. Signs of improving economic growth have trickled in.
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The Daily Briefing For March 29th: Futures Lower As Margin Calls Hit Hedge Funds
Stocks are struggling as a well known Family Office run by a former Hedge Fund Icon has blown up causing several stocks to fall sharply on Friday.
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The Daily Briefing For March 26th: NASDAQ Still Struggling
The NASDAQ is still in struggle mode. The S&P 500 is higher while the NASDAQ 100 is lower. When can tech stocks bottom?
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The Daily Briefing For March 25th: Futures Lower
The only positive asset class right now are Treasuries as investors get defensive. Will it stick? Well there is a 7 year auction today at 1:00 p.m. EDT.
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The Daily Briefing For March 24th: Futures Higher Into Open And Then Pullback
Stocks looked to be stronger and have since faded. Can this be a turnaround day? Time will tell.
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The Daily Briefing For March 23rd, Futures Mixed -Lots of Fedspeak Today
Besides the testimony of Federal Reserve Chairman Powell and Yellen, there are four speakers ahead and one who spoke already today.
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The Daily Briefing For March 22nd: Futures Up Modestly
S&P 500 +1 Dow Jones Industrial Average -55 NASDAQ +76 Russell 2000 +1. Fair values are mixed. Asia and Europe mixed. VIX is at 23.11 from 23.75 this morning in futures. VIX closed at 21.58 from 19.23 and the three month futures at 25.28 from 23.88.
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The Daily Briefing For March 19th: Futures Higher
Stocks are mixed today but moving higher albeit in a volatile fashion.
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The Daily Briefing For March 18th: Stocks Lower, Yields Higher. U.S. & China Meet
The FOMC yesterday noted they would let yields continue to rise and the market is doing that today.
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The Daily Briefing For March 17th: Futures Lower As Bond Yields Climb
Stocks, especially tech names, are lower as bond yields are at a new high. Will the FOMC help tech stocks later today.
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The Daily Briefing For March 16th: Can The S&P 500 Rise For A Sixth Straight Day?
The S&P 500 is trying to put in its sixth winning day. Typically this is where it peaks out.
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The Daily Briefing For March 15th: Futures Mixed This Morning
This week is all about the Federal Reserve. They start a meeting on Tuesday and on Wednesday make their latest announcement followed by a press conference with Chairman Powell.
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The Daily Briefing For March 12th: Volatile Week Comes To An End
Stocks are lower this morning as guess what? Yup bond yields are on the rise again.
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The Daily Briefing For March 11th: Stocks Continue To Rebound From Last Week
Stock continue to move towards new highs, ex the NASDAQ. Lots of news today so a must read. Will stocks continue to move on the signing of the Stimulus Bill?
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The Daily Briefing For March 10th: Futures Turn Higher Off CPI Data
CPI rose at 0.4% but the core rose only by 0.1%. For now, bonds and stocks react positively.
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The Daily Briefing For March 9th: Futures
Stocks are rebounding after a late afternoon selloff on Monday.
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The Daily Briefing For March 8th: Futures Higher
Stocks have been all over the place today. Early weakness improved when CNBC's Joe Kernan relayed comments from David Tepper, one of the more competent hedge fund managers, who stated the rate rise would stop because the Japanese would be a buyer of Treasuries.
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The Daily Briefing For March 5th: A Volatile Day Ahead
Stocks remain volatile as a good jobs number took yields higher which in turn is putting pressure on stocks.
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The Daily Briefing For March 4th, Futures Trying To Get Back To Positive
Futures are trying to get back to positive. Stocks will take their cue in the afternoon from Federal Reserve Chairman Powell's comments at noon.
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The Daily Briefing For March 3rd: Futures Now Lower As Yields Rise
Stocks are all over the place this morning. Another volatile day ahead.
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The Daily Briefing For March 2nd: Futures Mixed
Stocks have stalled out here and are trading flat.
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The Daily Briefing For March 1st: Future Start March On A Strong Note
Stocks are on fire this morning. The tamper tantrum from last week seems to be over right now but will it last.
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The Daily Briefing For February 26th: Futures Volatile
Stocks have been all over the place today. They have been higher then lower and now higher again. Failure here could be really bad for the bulls.
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The Daily Briefing For February 25th: A Volatile Day Ahead
Stocks this morning where higher up that faded as we are getting closer to the open. Be cautious today.
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The Daily Briefing For February 24th: Futures Higher Early, Now Lower
Stocks are reversing early gains as the 10 year climbs above 1.40%.
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The Daily Briefing For February 23rd: Stocks Are Starting Off With A Nasty Drop
The selling yesterday in the NASDAQ 100 has spread to the other indexes. A tough day for stocks. Expect the NASDAQ 100 to rebound first since it led on the way down.
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The Daily Briefing For February 22nd: Futures Lower Despite Monday
Stocks are lower despite Goodyear buying Cooper Tire and M&T Bank buying Peoples United
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The Daily Briefing For February 19th: I'm Leaving On A Jet Plane
This morning the media is focused Senator Ted Cruz and his Mexican vacation. Yet the market is not focused on this event. The market is focused on gold and interest rates.
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The Daily Briefing For February 18th: Futures Dropping
The S&P 500 is lower by-26 points as Jobless Claims came in higher than expected.
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Daily Briefing For February 17th: Futures Lower
Stocks have been drifting lower as the morning has progressed. January Retail Sales were on fire this month rising 5.3% but it was driven by the $600 stimulus check.
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The Daily Briefing For February 16th: Futures Higher But Subzero Temperatures Dominate
The S&P 500, Dow Jones Industrial Average, Russell 2000 and NASDAQ 100 were higher last week. This morning much of the country is dealing with no power and subzero temperatures.
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The Daily Briefing For February 12th: Stocks Mixed To Lower
Stocks are starting off lower but are improving off the lows. Can we put in a positive day.
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The Daily Briefing For February 11th: Futures Higher
Stocks are higher today as we try to not see the S&P 500 drop for a third day in a row.
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The Daily Briefing For February 10th: Positive Start To The Day
Stocks look to rebound from yesterday's slight downturn.
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The Daily Briefing For February 9th: Futures Lower
And on the seventh day, the markets rested. Or will they?
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The Daily Briefing For February 8th: Futures Higher As We Start A New Week
The S&P 500 has stalled out after any four day rallies since 8/28 that concluded a six day rally. If up today, then this will be the sixth up day in a row breaking a six month streak that stalled at four days. Impressive.
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The Daily Briefing For February 4th: Futures Stronger For a Fourth Day
The S&P 500 has stalled out after any four day rallies since 8/28 that concluded a six day rally. If up today, then this will be the fourth up day in a row.
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The Daily Briefing For February 2nd: Futures El Fuego For a Second Day
Traditional stocks are higher and Robinhood stocks are lower. We will write about this today.
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The Daily Briefing For February 1st: Stocks Higher
The selling of last week is now distant memory at least today. Higher we go.
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The Daily Briefing For January 29th: Futures Lower But Extremely Volatile
A client asked me yesterday why the crazy short squeeze stocks are not doing secondaries here. The answer is simple. Institutional Investors are the money in secondaries
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The Daily Briefing For January 28th: Stocks Trying To Rebound
Stocks are trying to rebound here after a day of selling on Wednesday.
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The Daily Briefing For January 27th: Stocks Lower Into Fed Annoucnement
Stocks are volatile as we move into a Fed announcement this afternoon.
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The Daily Briefing For January 26th: Mixed Bag As The Federal Reserve Deliberates
Stock recovers losses from overnight and now are mixed in early trading. Will stocks hold or fold?
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The Daily Briefing For January 25th: Stocks Modestly Higher
Earnings, earnings and more earnings due up this week.
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The Daily Briefing For January 22nd: Stocks Lower
Stock are lower today for the second Friday in a row.
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The Daily Briefing For January 21st: Futures Higher But Modestly
The Biden Administration is done with celebrations and is about to begin the hard work and roll up their sleeves. How the market responds to their actions will be key.
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The Daily Briefing For January 20th: President Biden
Today Joe Biden becomes the 46th President of the United States. Markets are higher. Enough said.
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The Daily Briefing For January 18th: Stocks Rebound From Friday Selling
Stocks have rebounded from Friday selling so far, but will it hold into the end of the day and the end of the week?
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You In The Jungle Baby. Wake Up. It's Going To Bring You Down.
The Biden Stimulus Bill is a joke, a really bad joke. Why? Read on.
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The Daily Briefing For January 15th: Stocks Lower
The market is not responding well to Biden's $1.9 billion Stimulus Plan. Not a surprise to me. More on this later in an alert.
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The Daily Briefing For January 14th: Futures Higher As Federal Reserve Chairman Powell To Speak
We now have the impeachment behind us and it is time to roll up the sleeves and get to work.
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The Daily Briefing For January 13th: Futures Modestly Lower
Today will be the day that President Donald J. Trump is impeached a second time. The trial may not be held until April. Stay tuned.
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The Daily Briefing For January 12th: Stocks Mixed
Stocks are mixed today as the House debates impeachment proceedings or the 25th Amendment and now possibly the 14th. Oh what a tangled web we weave.
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The Daily Briefing For January 11th: Futures Down -33 on S&P 500
The House will proceed with impeachment proceeding today and the House Speaker will also push for the 25th Amendment.
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The Daily Briefing For January 8th: Futures Are Higher
S&P 500 +16 Dow Jones Industrial Average +121 NASDAQ +76 Russell 2000 +17 . Fair values are mixed. Asia higher ex Shanghai and Europe mixed. VIX is at 22.90 from 23.82 this morning in futures. VIX closed at 22.37 from 23.34 and the three month futures at 25.02 from 28.79.
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The Daily Briefing For January 7th: Futures Higher The Day After
Five, ten or fifteen years down the road friends will ask where were you when the Capitol was attacked? The market clearly does not care which is a serious anomaly. At some point it will, but not today.
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The Daily Briefing For January 6th: Futures Mixed
Stocks are mixed after the Georgia Special Senate Runoff.
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The Daily Briefing For January 5th: Stock Dropping Into The Open
Stocks are falling into the open as voters go to the polls in Georgia and Senators plot in Washington D.C.
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The Daily Briefing For January 4th: Stocks Start Year Higher
Stocks are starting the year higher but off their morning highs.
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The Daily Briefing For December 30th: Futures Higher, Stimulus Part II
Washington politics are still the lead story. Will we get a Stimulus Bill Part II remains the big question of the day.
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The Daily Briefing For December 29th: Futures Drift Higher
Stocks right now are moving in one direction, higher. Santa Claus Rally kicked in yesterday.
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The Daily Briefing For December 28th: Futures Higher
Well President Trump's stance against the Stimulus Bill did not last too long as he caved once again showing he has no backbone.
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The Daily Briefing For December 22nd: Stimulus Bill Passed
Miracle of miracles, the stimulus bill has been passed. Stocks are modestly higher this morning.
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The Daily Briefing For December 21st: Futures Getting Pounded
Gold lower, silver higher and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $138.09 from $137.83 with the yield at 0.896% from 0.91%%.
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The Daily Briefing For December 18th: Futures Mixed As Several Issues Clear & Present Dangers
There are several issues that are potential problems. First, the cyber hack is getting bigger and bigger. Second, there is no stimulus bill. Third, the omnibus bill is held by the stimulus bill. Fourth, do 2 and 3 lead to a government shutdown. At least we have Tiger to watch this weekend.
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The Daily Briefing For December 17th: Futures Higher
Stock continue to do well as negative macro events are dropping like flies.
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The Daily Briefing For December 16th: Futures Higher
Stocks are modestly higher as we head into a Federal Reserve press conference and a possible agreement over a stimulus plan.
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The Daily Briefing For December 14th: Merger Monday As Stocks On Fire
There are multiple deals of note today. See the M&A Section. The vaccine is starting to be delivered and now Friday's weakness is a distant memory.
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The Daily Briefing For December 11th: Stocks Struggling
Well Washington D.C. is a unable to pass any legislation and this is beginning to cause stocks to struggle. A December correction can happen in the market.
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The Daily Briefing For December 10th: Still No Deal
Stock are mixed as everyone is waiting to see if there is going to be a deal or no deal.
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The Daily Briefing For December 9th: Let's Make A Deal
Can the market survive another no deal as the House and Senate leave for the holidays? We are going to find out sooner than later.
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The Daily Briefing For December 8th: Futures Lower
Stocks are lower for a second day. Can we have a "Turnaround Tuesday" in the afternoon?
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The Daily Briefing For December 7th" Futures Struggling
Today is a mix session as stocks continue to struggle.
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The Daily Briefing For December 3rd: Futures Mixed & Dollar Weak
Stocks are mixed today and the dollar is weak as hospitalizations are now over 100,000.
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The Daily Briefing For December 2: Futures Lower
Stocks are struggling this morning as Stimulus action is being discussed while President Trump has threatened to veto the Defense Bill.
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The Daily Briefing For December 1st: Futures El Fuego
Stocks are on fire. Why? Who knows. Because they can and it is a the first day of a new month.
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The Daily Briefing For November 30th: Stocks Struggling Today
Stocks are selling into month end, Can we get an afternoon rally?
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The Daily Briefing For November 27th: Futures Rebound From Overnight Weakness
Stocks have recovered from overnight weakness. Typically, the Friday after Thanksgiving is a strong day of trading. Looks like the trend is in play again.
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The Daily Briefing For November 25th: Futures Mixed
Stocks are mixed after seeing the Dow hit 30,000 and the groundhog show his shadow, oops that would be President Trump as he held a presser that lasted one minute.
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The Daily Briefing For November 24th: Futures Higher On Trump Concession
President Trump finally conceded to allow President-Elect Biden to begin his transition into the White House.
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The Daily Briefing For November 23rd: Futures Higher
Stocks are higher today as for the third week in a row a drug company is out with positive vaccine news. The fix is in and President Trump must be crazy this was not announced before the election.
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The Daily Briefing For November 20th: A Crazy Morning
We live in interesting times no doubt. Yesterday late afternoon the Treasury took away funds from the Federal Reserve. They fired back saying this was not prudent. Now the Treasury Secretary is on CNBC trying to defend himself.
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The Daily Briefing For November 19th: Futures Mixed
Stocks are mixed today as the lack of follow through from Monday remains an issue for stocks.
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The Daily Briefing For November 18th: Futures Up Modestly
Lots of positive news this morning yet futures are up modestly. We like this action as the day should evolve into strength.
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The Daily Briefing For November 17th: Stocks Mixed Today
Stocks are mixed following yesterday's upside move. Federal Reserve Chairman Powell to speak at 1:00 p.m. EDT.
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The Daily Briefing For November 16th: Stocks Higher On Moderna News
Another week, another vaccine hits paydirt. Stocks are trending higher and NASDAQ stocks are not being crushed.
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The Daily Briefing For November 12th: Futures Mixed To Lower
Stocks are mixed as the day begins but the strength is found in the NASDAQ 100.
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The Daily Briefing For November 11th: Stocks Mixed
The bond market is closed today and stocks are mixed. Not a surprise after last weeks move.
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The Daily Briefing For November 10th: Stocks Not Advancing Despite Monday Pop
Stocks are in buy the rumor and sell news mode, big time. Can stocks advance as more challenges arise despite a virus announcement.
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The Daily Briefing For November 9th: Futures El Fuego
Pfizer is out with great news on their vaccine. Novavax (NVAX) adds more positive news as well on their vaccine. Today there is no looking back in the rearview mirror.
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The Daily Briefing For November 5th: Futures On Fire Again
The rally enters a fourth day as market like the election results so far. Trump however remains crazed like a cornered raccoon.
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The Daily Briefing For November 4th: Boom!! Stocks Rip Higher
Stocks are higher this morning post the election. Why? Good question.
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The Daily Briefing For November 2: Stocks Rebounding
Stocks are trying to rally after last week's puke.
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The Daily Briefing For October 30th: Futures Like a Garden Hose
Stocks are very volatile today. An up or down day of epic proportions would not surprise us.
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The Daily Briefing For October 29th: Crazy Times In The Markets
Markets are trying to recover from yesterday's beating. Will they?
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The Daily Briefing For October 29th: Crazy Times In The Markets
Markets are trying to recover from yesterday's beating. Will they?
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The Daily Briefing For October 28th: Futures Nasty
Futures on the Dow are down over -600. Can we get a turn around today after three days of selling.
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The Daily Briefing For October 27th: Futures Up Modestly
Stocks are trying to rebound from yesterday's selling. Will it hold? Meanwhile the president is traversing the country holding rallies and spreading Covid-19 killing his supporters.
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The Daily Briefing For October 26th: Stocks Lower Today
S&P 500 -39 Dow Jones Industrial Average -328 NASDAQ -119 Russell 2000 -17 . Fair values are higher. Asia mixed and Europe lower. Current VIX is at 27.32 from 28.65. 3 month VIX Future is at 28.99 from 29.61.
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The Daily Briefing For October 23rd: More Chop Ahead
We expect market to chop around between now and the election. A stimulus deal appears to be a nonstarter. It will be a post election act unless a miracle happens over the weekend.
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The Daily Briefing For October 22nd: Stocks Volatile
Today looks to be a back and forth day with no absolute direction predetermined. We call this a Belushi, WTF should I do. Good luck!!
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The Daily Briefing For October 21st: Mixed Day Of Trading
Stocks are mixed as the death or life of a stimulus bill is driving the action along with some notable earnings beats and misses.
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The Daily Briefing For October 20th: Futures Higher But Volatile
This is S day as in Stimulus. Either there is a deal or there is no deal.
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The Daily Briefing For October 19th: Stocks Up Modestly
S&P 500 +10 Dow Jones Industrial Average +60 NASDAQ +57 Russell 2000 +10.89. Fair values are lower. Asia and Europe mixed. Current VIX is at 27.41 from 26.97. 3 month VIX Future is at 29.21 from 28.72.
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The Daily Briefing For October 16th: Futures Higher
Stocks ripped on Monday then struggled Tuesday and Wednesday before gaining from the lows yesterday. Today is a strong start to trading. Cool weather is now flowing down from Canada so watch to see how natural gas trades.
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The Daily Briefing For October 15th: Futures Lower
Days like today can be a challenge. Watch for a reversal of the lows. See Mnuchin's comments that may change the landscape.
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The Daily Briefing For October 14th: Stocks All Over The Place Today
Stocks last night were higher, then sold off at 5:00 a.m. EDT , then recovered by the open, ran higher and now are pulling back. Next move?
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The Daily Briefing For October 13th: Stocks Take A Breather
Stocks are resting after several really strong days. Hearings continue for the next Supreme Court Justice.
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The Daily Briefing For October 12th: Stocks Higher & Trump Heads Out On Campaign Trail
Since hitting a low September 24th stocks are higher into earnings season which starts tomorrow.
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The Daily Briefing For October 9th: Stock Rally Continues
Stocks rebounded nicely yesterday and continue higher but is still below its September peak by 142 points. Earnings season kick off next week (see earnings section). Monday will be a quiet day as the bond market will be closed Columbus Day Observances.
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The Daily Briefing For October 8th: Stocks Remain Strong Despite Trump
Despite erratic behavior by the president stocks are higher. Go figure.
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The Daily Briefing Morning News: Stocks Rebound After Trump Tirade
Stocks are rebounding this morning after the latest Trump's tirade.
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The Daily Briefing For October 6th: Futures Flatish
As we head into Tuesday trading stocks are mixed as fair values are higher across the board. Washington remains front and center as a stimulus bill continues to be worked on and the president recovers.
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The Daily Briefing For October 5th: Futures Start The Week On A Positive Note
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $139.33 from $139.66 with yields at 0.755% from 0.66%.
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The Daily Briefing For October 2: Futures Plummet As President Trump & First Lady Have Covid-19
Futures are much lower this morning after the country learn that the President and First Lady have Covid-19.
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The Daily Briefing For October 1st: Welcome to October As Stocks Rise
Stocks are higher on more hope that a stimulus deal is near at hand. We remain skeptical of such a deal.
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The Daily Briefing For September 30th: Stocks Volatile Post Debate
Stocks are all over the place in the last 24 hours. Up then down then up then down and now up. Almost as volatile as the president's temper.
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The Daily Briefing For September 29th: Let's Get Ready To Rumble
All eyes are on Cleveland, OH as we head into tonight's first Presidential Debate.
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The Daily Briefing For Monday, September 28th: Stocks Higher
Stock continue refuse to break major support levels like the 200 day moving average on the S&P 500 so we are bouncing today as a follow-on to Friday's rally.
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The Daily Briefing Fort September 25th: Stocks Putting Up A Decent Day
Just like Ryan Fitzgerald, every once in a while the market puts up a better day than expected. It will be a down day but we expect more positive action next week.
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The Daily Briefing For September 24th: Futures Are Lower, As President Trump Refuses To Go Quietly Into The Nigh
Stocks are lower as questions about the continuation of our republic. The president announced yesterday that he may not go quietly into the night.
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The Daily Brieiing For September 23rd: Futures Higher
Futures are adding to gains of Tuesday.
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The Daily Briefing For September 22nd: Futures Higher
Stocks are higher after selling off for the past four trading sessions. Will it last more than an hour?
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The Daily Briefing For September 21st: Futures Lower As Election Becomes More Volatile
Stocks are lower this morning as the stakes for the election rose and now the future of the Supreme Court is in play. Also, Europe looks to restrictions but not a full lockdown.
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The Daily Briefing For September 18th: Futures Mixed To Start The Day
Stocks are trying to find some ground after yesterday's weakness. This is the third quadruple witch of the year and volatility can often accompany this date.
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The Daily Briefing For July 17th: Stocks Lower But Off Opening Print
Markets are struggling since yesterday's peak at 2:30 p.m. EDT. Clearly, the market is trying to interpet what the Fed was saying yesterday.
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The Daily Briefing For September 15th: Futures El Fuego
The west coast may be on fire but so is the stock market up another +28 point on the S&P 500.
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The Daily Briefing For September 14th: Stocks Open Strong
Stocks have opened up strong as the market seems to have forgotten about last week's weakness. This will be a busy week with the FOMC announcement and press conference on Wednesday as well a a quadruple witching on Friday.
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The Daily Briefing For September 10th: Futures Turn Positive
Stocks are trading all over the place this morning. Lower, then higher then lower and barely up.
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The Daily Briefing For September 9th: Stocks Rebound
Since the February low, the S&P 500 worst losing streaks have seen only three days of selling. That continues today as the S&P 500 has refused to move lower for a fourth day.
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The Daily Briefing For September 3rd: Stocks Struggling Today
Some of the high flyers in tech are struggling. More to go or a momentary pause?
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The Daily Briefing: Stocks Higher Again, Who's Zooming Who??
Stocks continue to move higher. No change in the that trend and Zoom (ZM) put up strong earnings.
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The Daily Briefing For August 31st: Future Up Modestly
Both Apple (AAPL) and Tesla (TSLA) split their shares today. Will investor bid up the shares?
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The Daily Briefing For August 28th: Futures Higher
Stocks are set to finish out the month with the best August since 1986. My first month of work a long time ago, lol.
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The Daily Briefing For August 27th: Powell Speaks
Stocks are higher but gold and bonds are lower as Federal Reserve Chairman Jerome Powell declares the Phillips Curve dead.
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The Daily Briefing For August 26th: Stocks Mixed But Large Cap Tech Remains El Fuego
Stocks are mixed in early trading with the Russell 2000 lower but the NASDAQ 100 is higher which is a firm trend that refuses to break.
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The Daily Briefing For August 25th: Futures Higher
S&P 500 +14 Dow Jones Industrial Average +137 NASDAQ +3 Russell 2000 +11.43 Fair values are higher. Asia mixed and Europe higher. VIX November futures are at 25.75 from 25.10 this morning. Current VIX is at 22.37 from 22.47.
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The Daily Briefing For August 21st: Futures Were Lower Now Mixed
Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $139.61 from $139.53 with yields at 0.636% from 0.644%.
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The Daily Briefing For August 20th: Futures Lower
The 2:00 p.m. FOMC Meeting Minutes release caused a selloff that is continuing to move lower. Is a near term top in?
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The Daily Briefing For August 18th: S&P 500 Hits New Intraday High
The S&P 500 has recovered its entire loss from the February/March bear market. Pretty impressive run. Is this a double top? Will the failure to get a stimulus bill mark another top in the market?
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The Daily Briefing For August 17th: Futures Higher, Democrats Convention This Week
S&P 500 +10 Dow Jones Industrial Average +38 NASDAQ +70 Russell 2000 +5.72. Fair values are mixed. Asia mixed and Europe higher. VIX September futures are at 26.49 from 27.22 this morning. Current VIX is at 22.05 from 2.13.
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The Daily Briefing For August 14th: Futures Mixed
Apple (AAPL) is going after Fortnite game maker EPIC as they attempted to let people pay for accessories through their website.
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The Daily Briefing For August 13th: Futures Mixed
Stocks are digesting yesterday's gains. A new high on the S&P 500 for today?
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The Daily Briefing For August 12th: Futures Higher
After the close, Democratic Presidential Candidate named Senator Kamila Harris as his VP choice. Stocks are higher this morning. Is it related to the pick of a more moderate?
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The Daily Briefing For August 11th: Futures Higher
Stocks are higher as Russia claims they have a vaccine that works even though they skipped all the normal steps in bringing out a vaccine.
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The Daily Briefing For August 10th: Futures Flat
Stocks are trading sideways into a new week of trading. Good luck!
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The Daily Briefing For August 7th: Futures Lower
S&P 500 -5 Dow Jones Industrial Average -61 NASDAQ -19 Russell 2000 +3.58. Fair values are mostly lower. Asia lower and Europe higher. VIX is at 25.1 from 25.43 this morning.
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The Daily Briefing For August 6th: Futures Down Slightly
S&P 500 -7 Dow Jones Industrial Average -27 NASDAQ -13 Russell 2000 +2.86. Fair values are lower. Asia mixed and Europe lower. VIX is at 25.43 from 25.45 this morning. Gold continues to rage.
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The Daily Briefing For August
S&P 500 +18 Dow Jones Industrial Average +202 NASDAQ +10 Russell 2000 +19.49. Fair values are lower. Asia mixed and Europe higher. VIX is at 25.45 this morning. The U.S. Dollar continues to struggle.
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The Daily Briefing For August 4th: Futures Lower On U.S. & China Tensions
Stocks are struggling today. The blame lays with the U.S. and China tensions rising.
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The Daily Briefing For August 3rd: Futures Higher As We Start The Week
This is a busy week ahead as lots of earnings and economic data including the much awaited Jobs Friday.
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The Daily Briefing For July 31st: Futures Positive But Off The Highs
The F A A G in FANG reported yesterday and their earnings were strong especially given the drop in Q2 GDP. However, today stocks are struggling. Is winter coming?
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The Daily Briefing For July 30th: Futures Drop On Weak GDP Data
S&P 500 -27.50 Dow Jones Industrial Average -240 NASDAQ -96 Russell 2000 -16. Fair values are a bit lower. Asia lower and Europe lower. VIX is at 27.15 from 27.77 this morning.
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The Daily Briefing For July 29th: Future Higher
Stocks are recovering from yesterday's later afternoon selloff.
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The Daily Briefing For July 28th: Futures Lower
This morning sees the Federal Reserve begin a two day meeting and Attorney General William Barr head to the hill to testify. Earnings continue at a break neck pace.
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The Daily Briefing For July 27th: Futures Strong After Friday Weakness
Stocks are doing their typical Monday morning ramp up. Enjoy it as we head into the FOMC meeting tomorrow.
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The Daily Briefing For July 23rd:
S&P 500 -3 Dow Jones Industrial Average -29 NASDAQ -10 Russell 2000 +2.56. Fair values are higher except for the Russell 2000 that is -7.26. Asia mixed and Europe higher. VIX is at 23.96 from 25.19 yesterday morning.
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The Daily Briefing For July, 22nd: Futures Mixed
S&P 500 -3 Dow Jones Industrial Average -55 NASDAQ +32 Russell 2000 -5. Fair values are mixed. Asia mixed and Europe lower. VIX is at 28.13 from 25.36 yesterday morning.
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The Daily Briefing For July 20th: Stocks Mixed In Early Trading
The mega cap stocks are up more than the small caps which are lagging as the value over growth trade has stalled today.
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The Daily Briefing For July 17th: Futures Modestly Higher
Stocks are higher this morning but modestly after some weakness yesterday. next week will be a huge earnings week!
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The Daily Briefing For July 16th: Futures Lower
Stock indexes are struggling today as we have had two up and two down days so far this week. Looks to be a mixed week.
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The Daily Briefing For July 15th: Futures On Fire This Morning
Stocks are ramping higher on positive news from Moderna (MRNA) on their vaccine progress.
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The Daily Briefing For July 14th: Futures All Over The Place
Markets are trying to find a level after yesterday's selling. Will it?
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The Daily Briefing For July 13th: Futures Higher
The S&P 500 could be up for the 12th Monday in a row. A pretty impressive run.
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The Daily Briefing For July 10th: Futures Recover From Earlier Losses To Flat
Stocks have bounced a bit on positive news from Gilead Sciences (GILD) and some results on Remdesivir. However, the U.S. and China are battling over sanctions.
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The Daily Briefing For July 9th: Market Awaiting Decision From Supreme Court
The market today is awaiting the ruling from the Supreme Court on the Trump tax case. Expect some fireworks either to the upside or downside.
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The Daily Briefing For July 8th: Futures Mixed, Buffet Gives Away $2.9 Billion
Warren Buffet gave away another $2.9 billion bringing his total give away to $37 billion. Pretty impressive generosity from the Oracle of Omaha!
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The Daily Briefing For July 7th: Futures Struggling This Morning
Stocks are lower this morning after the S&P 500 has just completed a 5 day win streak. Coronavirus news continues to be a drag on the market.
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The Daily Briefing For July 6th: Futures Strong As China Recovery Takes Hold
Markets are stronger on decent economic numbers out of China. Clearly, the country is beginning to recover.
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The Daily Briefing For July 2nd: Futures On Fire
Stocks are ripping on the Jobs Data. The fireworks are starting early.
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The Daily Briefing For July 1st: Futures Rebound On Pfizer Vaccine News
Stocks reversed from overnight losses to gains at the open on positive news from Pfizer.
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The Daily Briefing For June 30th: Futures Mixed To Higher
S&P 500 -4 Dow Jones Industrial Average -70 NASDAQ +2 Russell 2000 +3.9 VIX 32.80 +0.475 . Fair values are mixed. Asia higher and Europe higher ex the FTSE.
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The Daily Briefing For June 29th: Stocks Strong After Friday's Weakness
Stocks are rebounding after Friday's selloff. Famine and now the feast. Even Einstein would have trouble figuring out this market!
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The Daily Briefing For June 26th: Stocks Struggling At The Open
The week began with the S&P 500 at 3097.74 but fell to 3024.01 before closing yesterday at 3083.76. We are lower by 11 to 3072.
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The Daily Briefing For June 25th: Stocks Struggling
Stocks are struggling this morning as the selloff hangover is in place.
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The Daily Briefing For June 24th: Futures Lower
Stocks are taking a breathier today.
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It Wasn't Over When The Germans Bombed Pearl Harbor
Last night Peter Navarro claimed "It's Over". This comment was in reference to the U.S. and China Trade Deal. Trump and Navarro walked this back after the S&P 500 and Dow fell between 1% and 2%. Stocks then found their happy place again.
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The Daily Briefing For June 22nd, Futures Mixed After Being Much Lower Overnight
When futures opened on Sunday night, they were lower thanks to a healthy fair value that was much higher. Now they are near the high of the morning but still slightly negative.
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The Daily Briefing For June 19th: Stocks Higher Today
Stocks are living through the third largest quadruple witch in the history of the stock market.
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The Daily Briefing For June 18th: Futures Are Volatile
Since yesterday's close, stocks have traded all over the place as there have been lots of news stories from John Bolton to Weekly Jobless and Philly Fed Index. China also claims the Covid-19 outbreak in Beijing is contained.
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The Daily Briefing For June 17th: Stocks Mixed In Early Trading
Stocks are mixed in early trading ahead of Powell's testimony. U.S. Trade Representative Robert Lighthizer will also give testimony today.
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The Daily Briefing For June 16th: A Ripper Of A Day
The fix is in. After dropping -8% last week on an intraday peak to trough, stocks are rebounding from Monday's lows. Today is a gap up. Does it hold?
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The Achilles Heel Of Hedge Funds
If investors just watched the last four weeks, then know what the Achilles Heel of hedge funds are, shorting stocks.
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The Daily Briefing For June 12th: Futures Rebound Today
The futures are strong this morning after yesterday's pain.
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The Daily Briefing For June 11th: Futures Falling As Fed Fails To Comfort Markets
Markets are ugly as the Federal Reserve failed to quell markets and a possible second wave is hitting Texas and California along with 18 other states.
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The Daily Briefing For June 10th: Futures Volatile
Overnight the futures traded up +25 to down -10 on the S&P 500.
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The Daily Briefing For June 9th: Futures Lower, Finally ...
Stocks are falling at the open this morning by about -1% on the S&P 500 and -1.5% on the Russell 2000.
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The Daily Briefing For June 8th: Futures Continue Higher
Stocks are continuing to ramp. Enjoy the ride while it lasts.
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The Daily Briefing For June 5th: Futures On Fire
Stocks are on fire today with the latest job's data. Could stocks go to new highs sooner than later? We will discuss over the weekend.
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The Daily Briefing For June 4th: Stocks Mixed
Stocks are mixed in today's trading. The S&P 500 has rallied four days in a row and a rest was due.
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The Daily Briefing For June 3rd: Futures Higher
Stocks refuse to end and 3100 is now in play. Quite the run here.
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The Daily Briefing For June 2nd: Futures Refuse To Selloff
Stocks ignored another night of protests. Pretty amazing. The glass is clearly half full.
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The Daily Briefing For June 1: Futures Lower As America Burns
Futures on the S&P 500 are lower by -7 points on the S&P 500 as America ponders the riots of the weekend.Stocks may struggle for June as this story evolves.
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The Daily Briefing For May 29th: Minneapolis Burns As Racial Divide Worsens
Today is a tough day in America as Minneapolis burned and the president stoked the fires with his tweets.It may get tougher as the president will attack China today. Also, Fed Chairman Powell speaks.
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The Daily Briefing For May 28th: Futures Up On The S&P 500 By +16
The S&P 500 refuses to rest in the last three days it has advanced to 3050 in the pre-market.
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The Daily Briefing For May 27th: Futures Higher Again
Futures ramped higher overnight and now we have another gap open.
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The Daily Briefing For May 5/26/20 Futures On Fire
Stocks are on fire this morning as investors are viewing the glass as 3/4 full. Is it? No but markets think it is and that is all that matters.
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The Daily Briefing For May 21st: Futures Mixed
Stocks are mixed today. Is 3000 in the cards for the S&P 500?
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The Daily Briefing For May 20th: Futures Higher
Stocks are rebounding from a 2:00 p.m. to 4:00 p.m. selloff yesterday. Will it hold? Why are we rallying? We will find out the answers to these questions as the day progresses.
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The Daily Briefing For May 19th: Fed Chairman Powell & Treasury Secretary Mnuchin To The Hill Today
Today Fed Chairman Powell and Treasury Secretary Mnuchin head to the hill to meet with the Senate and discuss their actions since the COVID-19 Crisis began.
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The Daily Briefing For May 18th: Futures El Fuego
Stocks are up for a variety of catalysts including the Fed put, positive news from Moderna (MRNA) on their Phase One Trial and oil higher.
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The Daily Briefing For May 15th: Futures Plummet As Trade Rhetoric Is Back
President Trump is stopping shipments of chips to Huawei and China has threatened back. Not good.
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The Daily Briefing For May 14th: Stocks Lower
Stocks are struggling today as they continue to sell off since Tuesday afternoon.
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The Daily Briefing For May 13th: Volatile Day Ahead
Stocks are trading all over the place since last night's down session that reversed in the morning before heading down as the Federal Reserve Chairman spoke at 9:00 a.m. EDT.
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The Daily Briefing For May 12th: Futures Rebound Off Morning Lows But Now Lower
Futures were lower last night and then recovered before the open. They are now lower after the open. Expect a wild day.
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The Daily Briefing For May 11th: Futures Lower
Stocks are struggling today after turning lower early this morning. Will Fed support the market today?
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The Daily Briefing For May 8th: Futures Stronger Despite Massive Job's Loss
The Unemployment Rate spiked to 14.7% and jobs lost rose to 20.5 million. Despite this news, stocks are higher. The bear is angry and is he going into hibernation?
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The Daily Briefing For May 7th: Futures Rebound On Moderna News
Stocks are higher on news that Moderna (MRNA) has entered a Phase II Trial on its COVID-19 vaccine in record speed using mRNA technology.
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The Daily Briefing For May 6th: Futures Positive Again
Stocks are now up for a third day in a row on the S&P 500.
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The Daily Briefing For April 5th: Futures Higher As Late Day Rally Carries Into Today
A late day rally has carried into this morning's action. Can the S&P 500 get back above 2900?
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The Daily Briefing For May 4th: Futures Lower To Start The Week
The Friday selling continues this morning. We are now going to be lower for a third day in a row. Can the open by the low for the day?
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The Daily Briefing For May 1st: Stocks Lower On The Open
Stocks are weaker as the day begins. Can it recover? Time will tell.
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The Daily Briefing For April 30th: Futures Reverse Gains
Stocks reversed gains from overnight and now are lower by -20 on the S&P 500. Jobless Claims came in higher than expected at 3.84 million and now are over 30 million in the last six weeks.
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The Daily Briefing For April 29th: Futures Higher On Positive Gilead Sciences' (GILD) News
This morning Gilead Sciences (GILD) released results from their NIAID tiral on Remdesivir. It was positive and futures are on fire.
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The Daily Briefing For April 28th: Stocks Start Strong But Fade After Open
Stock started out strong but faded after the open. A near term top in place?
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The Daily Briefing For April 27th: Futures Start The Week On A Positive Note
Stocks are off to a positive start this week. Will it hold as we begin to start a negative seasonal pattern at the end of the week? Einstein could be perplexed by this question.
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The Daily Briefing For April 24th: Futures Higher After Dropping Overnight
The S&P 500 was lower by -50 points overnight. Now we are are up by 15 point. Quite the turnaround. Will it hold?
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The Daily Briefing For April 23rd: Futures Up Post Jobless Claims
Jobless Claims came in at 4.4 million filings. That was the consensus number and the futures have turned positive.
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The Daily Briefing For April 22nd: Futures Rebound After Two Days Of Selling
Stocks have rebounded after two days of selling. Will it hold into the close?
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The Daily Briefing For April 21st: Futures Down Again
Stocks are on the ropes for a second day in a row. There is not a great deal of news today to get stocks higher ex a deal to fund the SBA PPP Program for more cash.
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The Daily Briefing For April 20th: Futures Lower As Oil Plummets
Stocks are lower as the price of oil drops again to new lows. Storage is at full capacity in the oil patch. Not a good situation.
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The Daily Briefing For April 17th: A strong Start For Stocks
Stocks are stronger on positive news from a trial of Remdesivir by Gilead Sciences and a plan to reopen the U.S.
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The Daily Briefing For April 16th: Futures Higher As Reopening Plans Loom
President Trump will lay out his plans to start up the economy in May later this afternoon. Could be another volatile session.
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The Daily Briefing For April 15th: Futures Lower
Since the beginning of April, stocks have moved into a pattern of up, down, up, down days. That continues today.
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The Daily Briefing For April 14th: Futures Higher
After yesterday's weakness, we are higher today. That is the status of the current market- back and forth.
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The Daily Briefing For April 13th: Futures Lower
Stocks are lower today as we return from Easter break. Can we reverse the early weakness by the close?
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The Daily Briefing For April 9th: Futures Reverse Off The Lows
The Federal Reserve stepped up to the plate at 8:32 a.m. EDT and announced another $2.3 trillion and futures turned higher.
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The Daily Briefing For April 8th: Futures Higher But Volatile
Futures have been all over the place this morning and are now higher. Expect a wild day.
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The Daily Briefing For April 7th: Futures El Feugo
S&P 500 +78 Dow Jones Industrial Average +780 NASDAQ +199 Russell 2000 +33. Fair values are higher. Asia and Europe higher.
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The Daily Briefing For April 6th: Futures Rally On Flattening Of the Curve Hope
Stocks are up on hopes of a potential flattening of the curve globally are driving stocks higher.Will it hold for more than an hour? Meanwhile in London, U.K. Prime Minister Boris Johnson has taken a turn for the worse.
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The Daily Briefing For April 3rd: Jobs Report Misses Estimates
The Monthly Jobs Report missed estimates of -150,000 with a report -701,000. Tough times ahead.
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The Daily Briefing For April 2nd: Volatile Trading Session Today
The stock is volatile today as there are lots of wheels in motion. Mostly a day for professionals.
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The Daily Briefing For April 1st: Death Projections Soar, Sending Stocks Lower
At yesterday's Coronavirus Task Force Meeting the president gave projections of 100,000 to 240,000 deaths. That is the bad news and that is why stocks are lower today.
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Daily Briefing For March 31st: Stocks Mixed
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $138.80 from $138.97 from yields at 0.692% from 0.652%.
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Daily Briefing For March 30th: Stocks Rebounding Today
Stocks are higher today after Friday's selling. We are now in a rally one day then sell the next day. Even the pros are trying to figure this out.
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The Daily Briefing For March 27th: Futures Lower As Profit Taking Begins On Rally
The rally of Tuesday through Thursday is now in the rear view mirror.
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The Daily Briefing for March 26th: Futures All Over The Place
Futures are all over the place after the Jobless Claims number came out at 3.283 million. It will be a wild day ahead.
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The Daily Briefing For March 25th: Trading Is Very Volatile Today
Today is a very volatile day. Be defensive and if trading stay near the desk.
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The Daily Briefing For March 24th: Futures Higher On Hopes Of A Stimulus Bill
Futures are higher on the bet that a stimulus bill will get done today.
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The Daily Briefing For March 23rd: Stocks All Over The Place As We Await A Stimulus Bill
Stocks have lower, higher, lower, higher and now lower today. Everyone is waiting on the stimulus vote that failed on Sunday.
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The Daily Briefing For March 20th: A Volatile Day
Today is options expiration and a volatile day. We will rest over the weekend and tackle markets again on Monday.
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The Daily Briefing For March 19th:Volatility Big Today
The equity indexes are all over the place today. If trading, then be careful.Pay attention to events out of Washington.
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The Daily Briefing For March 18th: A Miracle A Limit Down That Held
This morning the S&P 500 was limit down -5% and that was the low. This is very positive news. I will be writing on this later today.
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The Daily Briefing For March 17th: Futures Higher
Futures are rebounding today after yesterday's bloodbath. Will it last?
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The Daily Briefing For March 16th: Futures Limit Down
Forceful action is being taken to fight the war against coronavirus. As such, stocks are moving lower.
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The Daily Briefing For March 13th: NCAA Cancels March Madness, Wall Street Does Not!
Stocks are moving higher today. Finally!!! Looks like the Federal Reserve rescue is working this morning. It took a while just like my snowblower after a long summer.
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The Daily Briefing For March 12th: Stock Lower, Again
Stocks continue to fall due not to the coronavirus but really a crisis of leadership.
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The Daily Briefing For March 11th: Futures Lower As U.S. COVID-19 Case Rise Above 1,000
The futures continue to "yoyo" day to day. Today is down for the S&P 500 by -101.
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The Daily Briefing For March 10th: Futures Higher After Yesterday's Rout
Stocks are getting a dead cat bounce on President Trump saying he will propose to cut the payroll tax. Will it hold? Time will tell.
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The Daily Briefing For March 9th: Circuit Breakers In Effect Today
Overnight the S&P 500 was limit down -5% and four minutes into the open stocks were down -7% which caused the S&P 500 and all stocks to stop trading for 15 minutes.
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The Daily Briefing For March 6th: Ugly End To The Week
Up, down, up, down and down hard! That sums up the week. Will there be a bounce into the close. Seems nice.
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The Daily Briefing For March 5th: Futures Deeply In The Red
Stock futures are sharply lower this morning as new cases of coronavirus continue.
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The Daily Briefing For March 4th: Futures Higher As Volatility Remains Front And Center
Stocks are bouncing on Joe Biden's comeback as the anxiety of a socialist in the White House drops. Politics are front and center today.
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The Daily Briefing For March 3rd: Stock Index Trading Wildly
Futures have been lower, higher, lower, higher and now lower.
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The Daily Briefing For March 2nd: Crazy Morning For Futures
Futures early last night were lower, then higher, then lower and now higher. Expect lower again later in the day.
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The Daily Briefing For February 28th: A Very Volatile Day
Stocks almost hit the October low on the S&P 500 but it did not. Therefore, the risk remains high. Is the Fed about to throw money at this mess?
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The Daily Briefing For February 27th: Stocks Testing 61.80% Retracement On S&P 500
The S&P 500 has tested the 61.80% retracement from the October low to the February. Will it hold?
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The Daily Briefing For February 26th: Will This Dead Cat Bounce Hold?
Yesterday's dead cat bounce failed and now we are in on the cat's second life.
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The Daily Briefing For February 25th: Futures On The Rebound
Today we are getting a bit of a dead cat bounce from yesterday's 3% drop on the S&P 500 and 1,000 points on the Dow.
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The Daily Briefing For February 24th: Futures Set For Record Drop
Markets are finally catching up to the reality of coronavirus. Today will tell us alot about the rest of the week. Watch for our comments.
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The Daily Briefing For February 21st: Stocks Lower
Stocks are up one day and down the next this week. Today they are down.
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The Daily Briefing For February 20th: Futures Lower
Pre-market action this week has been mixed. Another sign of a potential top. Pay attention closely.
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The Daily Briefing For February 19th: Futures Higher As Stocks Rebound From Tuesday Losses
Stocks are set to rebound this morning after weakness on Tuesday. Will the bounce hold? FOMC minutes are due out at 2:00 p.m. EDT from the last meeting in January.
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The Daily Briefing For February 18th: Stocks Struggling After Apple (AAPL) Warns
Stocks are starting the week on a negative note after Apple (AAPL) guided lower over the weekend.
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The Daily Briefing For February 14th: Futures Flat After Losing Steam
Futures have lost their gains and are flat as we go into a long weekend and traders lock in a nice week.
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The Daily Briefing For February 13th: Stocks Lower
Stocks are lower today as the number of coronavirus cases has jumped by 15,000 thanks to a reclassification of the benchmark for the virus.
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The Daily Briefing For February 12th: Futures Continue To Move Higher
Nothing can stop this market. The run is simply amazing. Enjoy it while it lasts. The bull refuses to die.
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The Daily Briefing For February 11th: Futures Higher This Morning Into Fed Testimony
The next two days will see the Federal Reserve Chairman testifying before Congress.
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The Daily Briefing For February 10th: Futures Lower By -7.25 on S&P 500
Last night when futures opened up they were down to 3305 on the S&P 500 and later in the night peaked at 3335, Now we are at 3321. Back to 3305 today?
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The Daily Briefing For February 7th: Futures Lower Despite Strong Jobs Data
Jobs data came in strong. Despite this, stocks are lower for the first time this week.
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The Daily Briefing For February 6th: Futures Lose Early Gains
The S&P 500 opened higher and has reversed course. After three up days, can we have a down day? Definitely.
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The Daily Briefing For February 5th: Futures Rocking For A Third Day
The S&P 500 futures are higher by +31 this morning. The market is in risk on mode despite the fact that the risks continue to grow with coronavirus as deaths will pass 500 today.
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The Daily Briefing For February 4th: Futures El Fuego Despite Coronavirus Ramp
Futures are on fire this morning despite Coronvirus going over 20,000 cases. The bull refuses to die.
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The Daily Briefing For February 3rd: Futures Rebounding After Friday's Sellin g
Stocks have bottomed for now. The big question is will this be "the" bottom or "a" bottom? We will discuss this week.
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The Daily Briefing For January 31st: Advance/Decline Model Moves To Cash From October Buy
One of the best benefits of our Daily Briefing is getting access to the Advance/Decline Model. It moves to cash today. We will write about this later today.
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The Daily Briefing For January 30th: Stocks Lower But Off The Lows
S&P 500 -8 Dow Jones Industrial Average -14 NASDAQ -3 Russell 2000 -11 at 9:45 a.m. EDT. Fair values are lower. Asia mostly lower and Europe mixed
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The Daily Briefing For January 29th: Futures Higher
Futures are higher as we head into the Fed announcement at 2:00 p.m. EDT. More important could be a press conference from the World Health Organization (WHO) at 11:00 a.m. EDT.
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The Daily Briefing For January 28th: Futures Higher As Fed Begins Meeting
Futures are rebounding as fears of the Coronavirus seem to be slowing. The Federal Reserve begins a two day meeting and the rise of the Coronavirus seems to be on the rise.
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The Daily Briefing For January 24th: Futures In Big Trouble
All of a sudden, the media pundits are concerned about Coronavirus after blowing this issue off. Ignore their snippy comments that were way off base.
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The Daily Briefing For January 24th: Futures Ignoring Coronavirus
Despite the fact that China has locked down 40 million people, markets are ignoring the potential of what Coronavirus could evolve into.
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The Daily Briefing For January 23rd: Futures Lower by -8 On The S&P 500
S&P 500 -8 Dow Jones Industrial Average -68 NASDAQ -4 Russell 2000 -2.36. Fair values are higher. Asia and Europe mixed to lower.
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The Daily Briefing For January 22nd: Stocks Bouncing Back Up. Corona Virus A Problem?
Stocks have reversed yesterday's losses and heading higher.
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The Daily Briefing For January 21st: Futures Lower
We start the third full week of January with futures lower this morning. All eyes will be on the World Economic Forum in Davos, Switzerland.
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The Daily Briefing For January 17th: Futures Strong Again...
As Yogi Berra would say, "It's deja vous all over again." Stocks higher again.
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The Daily Briefing For January 16th: Futures Strong
The current losing streak is stuck at 1 day and goes back to December 10th. A pretty amazing run as earnings season begins.
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The Daily Briefing For January 15th: Stocks Back On Solid Footing
The stock market struggled yesterday. Today it is in better shape thanks to good feelings on a trade deal. Tomorrow?
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The Daily Briefing For January 14th: Earnings Season Has Begun
Earnings season kicked off this morning with 5 beats and 2 misses. Time to pay attention to results and guidance.
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The Daily Briefing For January 16th: Futures Bounce Back After Friday's Selling
Stocks are rebounding after stocks sold off on Friday. The market right now has a short memory. Will selling return this week?
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The Daily Briefing For January 10th: News Flow Continues To Gain
After a very quiet period the last two weeks, the news flow is picking up this week. It will continue to gain as earnings will begin in the next 10 days. Remember to read each day to stay on top of catalysts impacting the market.
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The Daily Briefing For January 9th: What Goes Up Must Come Down?
The saying, "What goes up must come down" seems to not apply to the stock market. At some point, it will.
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The Daily Briefing For January 8th: Wild Moves
Gold flat, silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $129.22 from $129.36 with yields at 1.823% from 1.80% . Prices as of 8:30 a.m. EDT.
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The Daily Briefing For Janaury 7th: Futures Reverse Earlier Gains
Futures were higher earlier in the morning but have now turned down. Looks like we may not be done with the downside action yet.
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The Daily Briefing For January 6th: Futures Negative But The Lows
Rhetoric for President Trump over Iran led to futures being weak and now they are off the lows.
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The Daily Briefing For January 3rd: Futures Lower After U.S. Strike Iran Military Leaders
Futures are lower but off the lows but still down about -1% on the S&P 500. Be careful here.
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The Daily Briefing For January 2nd: Stocks Start The Year On Positive Note
Stocks have gotten off to a good start this morning on the first day of the new year.
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The Daily Briefing For December 31st: Last Day Of Trading In 2019
Welcome to the last day of trading. Futures were lower but have now rebounded and are positive. Looks like the bull and the Federal Reserve still want to let markets run in 2020.
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The Daily Briefing For December 39th: Weak Start To The Day
Stocks are lower this morning. Will the selloff last more than one hour?
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The Daily Briefing For December 27th: NASDAQ Composite Up For 11th Day In a Row?
Can the NASDAQ Composite advance for am 11th day in a row? To Infinity and Beyond.
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The Daily Briefing For December 26th
Stocks are out of the gate and modestly higher. Another strong day ahead?
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Futures Higher Modestly This Morning
Today is a shortened trading session as such we are not producing the full market matters. Just a quick summary of what is going on in the world.
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The Daily Briefing For December 23rd: Futures Refuse To Correct
Futures are strong again as we head into Christmas on Wednesday and slower trading. It appears the only direction is up.
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The Daily Briefing For December 20th: Stocks Still On Fire
The market loves impeachment and a weak China trade deal. Clearly, the market right now like a glass half full viewpoint.
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The Daily Briefing For December 19th: Futures Mixed For Thursday
Stocks are flat a day after the impeachment. This morning we get the vote on USMCA that should be passed by the House.
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The Daily Briefing For December 18th: Futures Mixed As Impeachment Vote Close At Hand
Today is impeachment Wednesday. Let's see how the day plays out. The bitterness of the Democrats and Republicans is sure to get worse.
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The Daily Briefing For December 17th: Futures Higher For The Fifth Day In A Row
Stocks have moved higher for a fifth day in a row. Will it hold? Former Federal Reserve Chairman Alan Greenspan will be interviewed on CNBC at 10:00 a.m. EDT which is "must see tv".
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The Daily Briefing For December 16th: Futures Higher
With the trade deal behind us for now, it looks like a meltup.
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The Daily Briefing For December 12th: Will He Or Won't He?
Futures are flat as we wait to see whether President Trump is going to back up his threats of more tariffs?
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The Daily Briefing For December 11th: Futures Higher In Front of FOMC
All eyes and ears are focused the latest announcement from the Federal Reserve due out at 2:00 p.m. EDT followed by a press conference at 2:00 p.m EDT.
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The Daily Briefing For December 10th: Futures Down But Well Off The ows
The House Democrats today are moving ahead with Articles of Impeachment yet the market is not in collapse mode as the USMCA Deal is going to get signed and there is progress on China.
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The Daily Briefing For December 9th: Futures Lower
S&P 500 -2 Dow Jones Industrial Average -31 NASDAQ -8 Russell 2000 -1.34 Fair values are mixed. Asia and Europe higher.
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The Daily Briefing For December 6th: Futures On Fire
Futures are on fire today thanks to a very strong jobs number this morning. party on Garth. Enjoy the weekend!
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The Daily Briefing For December 5th: Futures Higher
The S&P 500 is higher by +8 off its morning peak but still positive. Recent volatility continues.
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The Daily Briefing For December 4th: Futures Rebounds
Dead cat bounce or a true bottom after a drop of -1.92%, hardly corrective action.
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the Daily Briefing For December 3rd: Futures Lower On Trump Comments
President Trump is again using house money to pressure the Chinese. As such, stocks are getting hit hard.
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The Daily Briefing For December 2nd: Futures +5 On The S&P 500
Stocks are higher but have come off the high overnight as President Trump hits Brazil and Argentina with restoration of tariffs.President Trump is on his way to Europe for a NATO Meeting.
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The Daily Briefing For November 29th: Shortened Trading Session Today
The stock market will close at 1:00 p.m. EDT. Time to go shopping to support the stock market.
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The Daily Briefing For November 27th: Futures Higher Again
Markets are higher for the fourth day in a row.
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The Daily Briefing For November 26th: Futures Mixed
S&P 500 -1 Dow Jones Industrial Average -5 NASDAQ -2 Russell 2000 -1.4 Fair values are lower. Asia and Europe higher. Nonetheless, the bull continues to run on Wall Street.
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The Daily Briefing For November 25th: Futures Higher As We Start This Week
Another Merger Monday. We see bids announced for Ameritrade, Tiffany, The Medicine Company and SolGold. Just announced Ebay will sell Stubhub for $4.05 billion to Viagogo. Shareholders are being rewarded today. Later tonight Federal Reserve Chairman Powell speaks.
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The Daily Briefing For November 22: First Down Week Since Last week Of September
Has the six week run run its course? Today's action should give us some hints. Pay attention to China news.
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The Daily Briefing For November 21st: Futures Off The Lows
S&P 500 -1 Dow Jones Industrial Average -6 NASDAQ -10 Russell 2000 +2 Fair values are flat to lower. Asia mixed and Europe mixed.
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The Daily Briefing For November 20th: Futures Lower
If today is lower on the S&P 500, then it will be the third day this month that it finished lower. Will the lower open last more than one hour.
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The Daily Briefing For November 19th: Futures Higher Despite Misses At Home Depot and Kohls
S&P 500 futures are slightly higher today despite poor guidance from Home Depot (HD) and Kohls (KSS).
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The Daily Briefing For November 18th: Mixed Start To The Day
Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $129.02 from $129.13 with yields at 1.86%.
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The Daily Briefing For November 15th: Futures Higher Today
Futures are higher today as White House Economic Advisor noted last night that the U.S. and China are closer to a deal.
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The Daily Briefing For November 14th: Futures Flat To Down
We have one more day of testimony from Federal Reserve Chairman Powell. A snooze or some fireworks?
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The Daily Briefing For November 13th: Futures Lower This Morning
Today is a trifecta in Washington D.C. Televised impeachment hearings begin to day. Second, Federal Reserve Chairman Powell begins two days of testimony. Third, President Trump visits with Turkish President Recep Erdogan.
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The Daily Briefing For November 12th: Futures Mixed As Trump To Speak At Noon
Futures are flat into a speech by President Trump at noon from the Economic Club of New York.
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The Daily Briefing For November 11th: Say Thank You To A Veteran You Know
Stocks are lower to start the day BUT more important today is spending some time reflecting on veteran's and all they have done for our country.
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The Daily Briefing or November 8th:
Stocks are flat to down this morning as President Trump say he has not agreed to remove tariffs. Will decide that down the road.
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The Daily Briefing For November 7th: Futures Higher On U.S. & China Trade Hopes
Early this morning the Chinese stated that along with the U.S. tariffs will be lowered. Futures have moved higher on this news. That said, there is no U.S. confirmation.
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The Daily Briefing For November 6th: A Mixed Start To The Day
Gold higher with silver lower and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $129.11 from $129.34 with yields at 1.835% from 1.82%.
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The Daily Briefing For November 5th: Futures Higher For Second Day In A Row As Trade Talks Continue
S&P 500 +5 Dow Jones Industrial Average +65 NASDAQ +20 Russell 2000 +8 Fair values are mixed. Asia higher and Europe mixed.
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The Daily Briefing For November 4th: Futures Higher As The Bull Is Alive
S&P 500 +13 Dow Jones Industrial Average +112 NASDAQ +47 Russell 2000 +13.17. Fair values are mixed. Asia and Europe higher.
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The Daily Report For November 1st: Stocks Higher On Positive Jobs Data
Jobs came in at 128,000 crushing estimates of 85,000. It is interesting to note that Warren Buffet is struggling this year (see Rag & Mags).
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The Daily Briefing For October 31st: Futures In The Red
Futures are lower as Bloomberg wrote a story stating that there may be no long term deal possible with the Chinese. The ying and yang continues.
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The Daily Briefing For October 30th: Futures Flat To Up Modestly
Futures are flat to up slightly this morning as all eyes are focused on the Federal Reserve Open Market Committee (FOMC) announcement and guidance at 2:00 p.m. EDT.
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The Daily Briefing For October 29th: Futures In The Red Ever So Slightly
Today sees a giveback day from the last couple days of action.
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The Daily Briefing For October 28th: Futures Higher As Tiffany (TIF) receives a bid.
We will be back to full upgrades and downgrades tomorrow. However, we wanted to make note of the worst upgrade seen in quite some time. Deutsche Bank this morning upgrades Tiffany (TIF) to a buy after it is up $30 with a bid from LVMH. Are they using Friday's closing price?
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The Daily Briefing For October 25th: Futures Down -6
Futures are a bit lower of a weaker earnings report from Amazon that is causing some concern. It is lower by -6% but was down by -9% overnight.
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The Daily Briefing For October 24th: Futures Higher
Futures are higher as for the most part companies are beating estimates handily. So much for a recession.
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The Daily Briefing For October 23rd: Futures Down On Some Earnings Misses
S&P 500 -4 Dow Jones Industrial Average -23 NASDAQ -28 Russell 2000 +0.13 Fair values are lower. Asia and Europe mixed.
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The Daily Briefing For October 22nd: Futures Higher For Second Day In A Row. Another Brexit Vote Today!
S&P 500 +4 Dow Jones Industrial Average -7 NASDAQ +27 Russell 2000 +3 Fair values are lower. Asia higher and Europe mixed.
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The Daily Briefing For October 21st: Futures Strong This Morning
S&P 500 +12 Dow Jones Industrial Average +69 NASDAQ +31 Russell 2000 +15 Fair values are lower. Asia mixed and Europe higher. This week is all about earnings.
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The Daily Briefing For October 18th: Futures Higher
Futures look to finish out the week in positive shape. We are back to seasonal strength for the rest of the year despite the chaos in Washington D.C.
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The Daily Briefing For October 17th: Futures Higher on Potential Brexit Deal
S&P 500 +7.91 Dow Jones Industrial Average +31 NASDAQ +38 Russell 2000 +4 Fair values are lower. Asia mixed and Europe higher.
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The Daily Briefing For October 16th: Futures Down Slightly
Hedge fund manager Leon Cooperman calls for a 25% drop if Elizabeth Warren becomes President of the United States.
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The Daily Briefing For October 15th: Futures Highers Despite China Pulling Back on Ag Purchases
Pay attention to how stocks react to news rather than the news. Despite China pulling back on ag purchases agreed to last Friday, stocks are higher.
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The Daily Briefing For October 14th: Futures Turn Red As Chinese Water Torture Plays Out
The Chinese press came out and declared another meeting needs to be held before Phase I is complete in the current U.S. and China deal.
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The Daily Briefing For October 11th: Futures On Fire
Stocks are higher this morning as the market is embracing the idea of a "skinny deal".
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The Daily Briefing For October 10th: Trade Negotiations Is The Only Thing That Matters Today
The only thing that matters today how U.S. and China Negotiations are going. Expect a volatile day ahead. Which President Trump will appear? A lucid or crazed one?
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The Daily Briefing For October 9th: Futures Higher
Futures are regaining the losses of yesterday. Will it hold?
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The Daily Briefing For October 8th: U.S. & China Tensions Raised Into Trade Talks
President Trump cannot help himself as he sticks to his traditional game plan of beating up the Chinese before talks. The Chinese are not humored by this latest action and neither are markets.
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The Daily Briefing For October 7th: Futures Start Week In Negative Territory
S&P 500 -9 Dow Jones Industrial Average -67 NASDAQ -25 Russell 2000 -5 Fair values are higher. Asia mixed and Europe higher.
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The Daily Briefing For October 4th: Futures Reverse Losses
Futures are now higher after early weakness. The turnaround was on a positive viewpoint of the latest job's report. Is the bull back?
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The Daily Briefing For October 3: Stocks Lower Again
Three days of selling and we are now oversold. How long to a tradeable low?
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The Daily Briefing For October 2: Futures In The Red
The market is struggling after getting some weaker economic data yesterday. Look for a flash alert today on the oversold condition.
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The Daily Briefing For October 1st: Futures Higher For A Second Day This Week
S&P 500 +6.50 Dow Jones Industrial Average +58 NASDAQ +23 Russell 2000 +4.30. Fair values are mixed.
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The Daily Briefing For September 30th: Futures Higher
Futures are positive this morning as we enter October and fall trading this week.
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The Daily Briefing For September 27th: Futures Higher As The Rockies Get First Snowstorm
S&P 500 +8 Dow Jones Industrial Average +64 NASDAQ +6 Russell 2000 +8. Fair values are mixed. Asia mixed and Europe higher.
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The Daily Briefing For September 26th: Futures Flat As We Head Into Congressional Testimony
S&P 500 +2 Dow Jones Industrial Average +35 NASDAQ -3 Russell 2000 +1. Fair values are mixed. Asia mixed and Europe higher. How will market react?
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The Daily Briefing For September 25th: President Trump Vs Congress Day 2
Today begins the battle between the president and Congress. Watch for volatile trading off various releases.
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The Daily Briefing For September 24th: Futures Positive But Off The Highs
S&P 500 +11 Dow Jones Industrial Average +93 NASDAQ +33 Russell 2000 +5.10. Fair values are lower adding to gains. House Deomcrats meet on impeachment.
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The Daily Briefing For September 23rd: Futures Lower After Dismal German Factory Orders
This morning German Factory Orders were the weakest in the last 10 years. U.S. futures have deteriorated since overnight.
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The Daily Briefing For September 20th: Futures Higher To End The Week
Futures are higher after giving up their gains yesterday. Let's see if the early gains can hold.
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The Daily Briefing For September 19th: Life In A Post FOMC World
Stocks have moved higher since 2:30 p.m. EDT and this morning. The next FOMC meeting is at the end of October so stocks have almost a month of no anxiety about rate cuts and earnings will become front and center.
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The Daily Briefing For September 18th: Federal Reserve Announcement & Press Conference
Federal Reserve Chairman Powell will have his hands full today as a cut may not be enough.He will have to answer about repo operations from the New York Fed.
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The Daily Briefing For September 17th: Futures Mixed To Lower
Futures are down modestly this morning. This would be the third down day in a row which sets up for a mid week bounce. The Federal Reserve begins a two day meeting.
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The Daily Briefing For September 13th: A Quiet End To The Week As Fall Approaches
Today is a quite day so far as investors head off into the week. Fall is approaching and it seems there is more upside ahead.
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The Daily Briefing For September 12th: Stocks Continue To Move Higher As ECB Eases
S&P 500 +8 Dow Jones Industrial Average +39 NASDAQ +65 Russell 2000 +1. Fair values are higher except for the Russell 2000.
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The Daily Briefing For September 11th: Futures Mixed To Higher. Chinese Remove Some Tariffs
Futures are mixed to higher this morning as we enter mid week trading.
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The Daily Briefing For September 10th: Futures Lower As Software Stocks Slide
S&P 500 -4.53 Dow Jones Industrial Average -15.51 NASDAQ -25.9 Russell 2000 +0.175. Fair values are higher except for the Russell 2000.
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The Daily Briefing For September 9th: Futures Higher To Start The Week
Futures are in good shape this morning as we begin the second week of trading in September.
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The Daily Briefing For September 6th: Futures Higher But Modestly So, Powell To Speak At 12:30
Futures are higher after a modest jobs number. Federal Reserve Chairman Jerome Powell speaks at 12:30 today.
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The Daily Briefing For September 5th: Futures Higher As U.S. & China To Meet In October
U.S. futures: S&P +27 Dow Jones +255 NDX +90 and Russell 2000 +18 with fair values mixed to flat. Asia and Europe higher.
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The Daily Briefing For September 4th: Futures Rally On Hong Kong News
Futures turned around overnight as Hong Kong killed the extradition bill.
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The Daily Briefing For September 3rd: New Tariffs Go Into Effect & Futures Lower
U.S. New Tariffs against China went into effect on Sunday morning.
China only put in place 1/3 of the potential tariffs they could have against the U.S.China has appealed to the World Trade Organization over the latest tariffs from the U.S.
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The Daily Briefing For August 29th: Futures Higher As China Makes Nice
U.S. futures: S&P +29 Dow Jones +285 NDX +96 and Russell 2000 +1449 with fair values lower adding to gains on the open. Asia mixed and Europe higher.
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The Daily Briefing For August 28th: Stocks Start Out The Day Lower
Do you follow our advance/decline model? We update each day.The advance/decline line moved to cash on the close of 8/5. Updated through 8/27/19 close. Year to date model up 7.48% on the S&P 500. 3 buy signals and 3 cash signals in 2019.
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The Daily Briefing For August 27th: Finally A Quiet Morning
This morning is a quiet one as the Chief Twitter has been quiet and China is not countering. Enjoy the respite as it surely will not last.
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The Daily Briefing For August 26th: Futures Rebound After Ugly Overnight Session
Markets have been all over the place due to the G-7, trade comments and presidential tweeting.
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The Daily Briefing For August 23rd: TGIF As China Retaliates & Fed's Powell To Speak
In front of Jackson Hole, the Chinese raised tariffs on U.S. Goods going into China. Let's see how Federal Reserve Chairman Powell reacts.
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The Daily Briefing For August 22nd: All Eyes To Jackson Hole
All investors will be focused on Jackson Hole, Wyoming the next two days. Federal Reserve and foreign central bankers gather here late August every year. Personally, I have loved the Tetons since I was a little boy and lived in Idaho.
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The Daily Briefing For August 21st: Futures Higher ON Earnings Beats
S&P +16 Dow Jones +130 NDX +52 and Russell 2000 +9.04 with fair values higher cutting into gains on the open. Asia mixed and Europe higher.
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The Daily Briefing For August 20th: Futures Up Modestly Into The Open
S&P +2.4 Dow Jones +17 NDX +7.5 and Russell 2000 +2 with fair values mixed with minimal impact on the open. Asia and Europe mixed.
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The Daily Briefing For August 19th: Futures Higher As Trade Fears Abate
Commerce Department Secretary Wilbur Ross interviewed on Fox Business notes that adds 46 more Huawei subsidiaries to entity list that cannot import to the U.S., U.S. deadline extended by 90 days to 11/19/19.
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The Daily Briefing: Futures Higher On Promise That The U.S. and China Are Talking
S&P +26 Dow Jones +234 NDX +84 and Russell 2000 +13.10 with fair values mixed with minimal impact on the open. Asia mixed and Europe higher.
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The Daily Briefing For August 15th: Futures All Over The Place
Futures were up big, then down big, then up, then up big, then up, then down and now flat.
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The Daily Briefing For August 14th: Futures Getting Crushed. Buy The Dip?
S&P -36 Dow Jones -329, NDX -106 and Russell 2000 -20.43 with fair values higher hurting the open. Asia higher and Europe lower.
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Futures Reverse From Loss To A Gain On Trade news
The stock market reversed on trade news this morning. Just when you think the world is ending it does not.
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The Daily Briefing For August 9th: Futures Struggle Today
U.S. markets are lower. Asia mixed and Europe mostly lower. The fighting between the U.S. and China continues.
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The Daily Briefing For August 8th: Futures Higher As Market Calm Down
S&P +7, Dow Jones +69, NDX +33 and Russell 2000 +4 with fair values higher. Asia and Europe higher.
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The Daily Briefing For August 7th: Futures Plummet On 10 Year Yields Dropping
This morning futures were fine until the 10 Year Treasury Bond started to drop from 1.71% to a low of 1.61%. That in turn caused S&P 500 futures to free fall. A retest of Monday is now in play.
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The Daily Briefing For August 6th: Futures Has A Wild Night. Bring Albert Einstein To Figure Out The Action!
Futures were down 50 points on the S&P 500 and have rallied to a positive open. Expect another wild day of trading but the upside may be greater than traders are prepared for right now.
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The Daily Briefing For August 5th: Stocks In The Red
The Chinese fired back against U.S. Tariff action with some currency intervention driving the Yuan lower against the U.S. Dollar.
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The Daily Briefing For August 2nd: Trump Trashes The Market
U.S. futures: S&P -10, Dow Jones -40, NDX -50 and Russell 2000 -9.16 with fair values higher. Asia and Europe sharply lower,
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The Daily Briefing For August 1st: Stocks Enter The Worst Month Of The Year
S&P +2, Dow Jones +49, NDX +13 and Russell 2000 +3.40 with fair values lower.
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The Daily Briefing For July 31st: Futures Rebound After Two Down Days On The S&P 500
S&P +4, Dow Jones +69, NDX +32 and Russell 2000 +2.40 with fair values mixed. Asia mixed and Europe lower. FOMC at 2:00 today.
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The Daily Briefing For July 30th: Federal Reserve Begins Its Meeting
Expect stock to go into a narrow range until Wednesday with the Federal Reserve comes down from Olympus to announce its latest decision.
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The Daily Briefing For July 29th: Merger Monday
We start off the week with several acquisitions and alliances. The most notable is Pfizer and Mylan. Read on to find out about the others.
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The Daily Briefing For July 26th: Futures Higher On Better Than Expected Q2 GDP
U.S. futures: S&P +9, Dow Jones +61, NDX +62 and Russell 2000 +1.55 with fair values mixed. Asia mixed and Europe higher.
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The Daily Briefing For July 25th: ECB Remains Accommodative And Then Some
S&P +5, Dow Jones +94, NDX +4 and Russell 2000 +5.68 with fair values mixed.
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The Daily Briefing For July 24th: All Eyes On Washington Today
The world will be watching the testimony of Special Counsel Robert Mueller. It probably will not impact stocks much UNLESS a bombshell is dropped.
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The Daily Briefing For July 23rd: Futures Strong
U.S. futures: S&P +13, Dow Jones +124, NDX +42 and Russell 2000 +6.82 with fair values lower across the board Asia and Europe higher, click through for details by country.
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The Daily Briefing For July 22nd: Good Start To The Week
Futures are positive this morning as stocks try to recover from last week's losses.
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The Daily Briefing For July 19th: Futures Improving Into The Open
A sideways week looks to end on a positive note. Futures have risen to +8 from flat at 8:15 a.m. EDT. The bull is alive and well today.
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The Daily Briefing For July 18th: Mixed Trading Day
The S&P 500 is trying to figure out whether 3000 is going to become support or resistance. Those in the Hamptons want to know if they can take the summer off.
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The Daily Briefing For July 17th: Stocks Struggle Out Of The Gate
Stocks are struggling in early action as earnings and geopolitical weighing on markets.
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The Daily Briefing For July 16th: Futures Up Slightly
Lots of geopolitical issues as the biggest tech players head to the Hill for a variety of testimony.
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The Daily Briefing For July 15th: Earnings For Q2 Kicks Off This Week
This morning saw Citigroup (C) kick off earnings with a beat of $0.15. Tomorrow sees J.P. Morgan (JPM), Goldman Sachs (GS) and Wells Fargo (WFC) report earnings.
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The Daily Briefing For July 12th: IEA Say Global Oil Demand To Remain Weak
IEA sticks to lower global oil demand this morning as globally the economy is still struggling. The latest data point was weak Chinese export data overnight. Earnings season begins next week.
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The Daily Briefing For July 11th: Another Positive Start To The Day
The S&P 500 is off to another positive start just like yesterday. Meanwhile, the Russell 2000 continues to struggle. Look for an article later today on this subject.
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The Daily Briefing For July 10th: Futures Reverse & Now Higher
Futures are now higher by +10 from -9 on the S&P 500 on the release of Powell's comments.
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The Daily Briefing For July 9th: Futures Lower Despite M&A Action
Futures are struggling despite multiple deals this morning. Of note, Cisco is buying Acacia Communications.
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The Daily Briefing For July 8th To 12th: Federal Reserve Key Focus
This week is all about the Federal Reserve and the semiannual Humphrey Hawkins testimony of Federal Reserve Chairman Powell.
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The Daily Briefing For July 5th: Futures Fall On Job's Data
Job's data came in stronger than expected with 224,000 jobs. This takes down the chance for a rate cut in July.
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Futures Lower This Morning Post G-20
Gold higher with silver lower with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher.
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The Daily Briefing For July 1st, Futures On Fire
Today is a strong start to Q3 thanks to developments over the weekend with respect to China and the U.S. over trade.
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The Daily Briefing for June 28, 2019: Futures Higher
The Democratic Party concluded two days of nightly debates with front runners Former VP Joe Biden and Senator Bernie Sanders. The media crowned Senator Kamalia Harris (D- CA) the winner.
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The Daily Briefing For June 26th: Futures Rebounding
Stocks are in rebound mode today thanks to Treasury Secretary Mnuchin talking up a trade deal. 90% chance.
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The Daily Briefing For June 24th: Merger Monday
Several deals led by Caesar's and six other deals.
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The Daily Briefing For June 21st: Summer Trading Takes Hold
Stocks are taking a breather today as traders head to the beach after a week of strong gains.
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The Daily Briefing For June 20th: To Infinity & Beyond Meat?
Recent IPO Beyond Meat (BYND) now has a market cap above 80 names in the S&P 500. These are the things that make tops.
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The Daily Briefing For June 19th: It's All About The Fed Today
The Federal Reserve Open Market Committee (FOMC) is out with its latest announcement at 2:00 p.m. EDT and then press conference with Federal Reserve Chairman Jerome Powell at 2:30 p.m. EDT.
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The Daily Briefing For June 18th: Futures Higher As The Fed Begins A Two Day Meeting
U.S. futures: S&P +17, Dow Jones +143, NDX +80 and Russell 2000 +9.70 with fair values LOWER ADDING TO GAINS EX RUSSELL 2000 WHICH IS HIGHER. Asia land Europe higher.
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The Daily Briefing For June 17th: Futures Up Slightly
U.S. futures: S&P +2, Dow Jones +15, NDX +12 and Russell 2000 +1.30 with fair values LOWER ADDING TO GAINS. Asia lower ex Hong Kong and Europe mixed.
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The Daily Briefing For June 14th: Retail Sales Strong But Futures Lag
U.S. futures: S&P -9, Dow Jones -51 NDX -61 and Russell 2000 -3.40 with fair values MIXED. Asia mixed and Europe lower.
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The Daily Briefing For June 13th: Futures Rebound After Two Losing Days On The S&P 500
U.S. futures: S&P +7, Dow Jones +74 NDX +53 and Russell 2000 +7.30 with fair values MIXED. Asia and Europe mixed.
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The Daily Briefing For June 12th: Futures Lower & Hong Kong Protests Heat Up
Futures are lower this morning and protests in Hong Kong are gaining intensity. Will this flow over to markets?
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The Daily Briefing For June 11th: Futures Higher Again & Hot IPOs This Week
The market is into its Groundhog Day pattern. This could be the sixth up day in a row. Also, we have some hot IPOs this week that should keep the animal spirits going.
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The Daily Briefing For June 10th: Futures Higher On Mexico & Merger Monday
U.S. futures: S&P +13.50, Dow Jones +131 NDX +45 and Russell 2000 +6 with fair values MIXED. Asia and Europe higher. Several companies are seeing shares rocket on bids for the company.
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The Daily Briefing For June 7th: Futures Hold In Despite Weak Jobs Data. Fed Put?
Futures on the S&P 500 rose into the Job’s number at 8:30 a.m. EDT but have given up some of those gains.
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The Daily Briefing For June 6th: Futures Higher For A Third Day In A Row
U.S. futures: S&P +7.50, Dow Jones +70 NDX +22.25 and Russell 2000 +4.6 with fair values LOWER ADDING TO GAINS. Asia mixed and Europe higher.
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The Daily Briefing For June 5th: Futures Higher But Cut In Half From Peak
Futures we up +15 and are now up +8 after the ADP Payroll came in at 27,000
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The Daily Briefing For June 4th: Futures Positive As Hope That Mexico Responds To U.S. Tariff Threats
U.S. futures: S&P +14.50, Dow Jones +136 NDX +43 and Russell 2000 +11.60 with fair values LOWER ADDING TO GAINS. Asia mixed and Europe mixed. Can it hold?
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The Daily Briefing For May 30th: Dead Cat Bounce Today?
Futures are positive this morning. Dead Cat bounce?
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The Daily Briefing For May 29th: Futures Lower On Trade Jitters
U.S. futures: S&P -17.50, Dow Jones -174 NDX -61 and Russell 2000 -10.60 with fair values LOWER LESSENING THE PAIN. Asia mostly lower and Europe lower.
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The Daily Briefing For May 28th: Futures Higher Despite Trump Rhetoric
President Trump hit China hard on Sunday stating there was no agreement with China for now. Luckily, markets forgot about this by today.
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The Daily Briefing For May 24th: Futures Higher As President Trump Heads To Japan & Ireland
U.S. futures: S&P +15.75, Dow Jones +139 NDX +31.50 and Russell 2000 +8.90 with fair values HIGHER CUTTING INTO GAINS. Asia mixed and Europe higher.
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The Daily Briefing For May 23rd: Futures Lower On Economic Weakness & Trade Talk
U.S. futures: S&P -25, Dow Jones -219 NDX -89 and Russell 2000 -15.20 with fair values FLAT. Asia and Europe lower, click through for details by country.
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The Daily Briefing For May 22nd: Futures Lower
U.S. futures: S&P -13, Dow Jones -122 NDX -44 and Russell 2000 -6.80 with fair values LOWER EX RUSSELL 2000 HELPING LOSSES.Asia and Europe mixed.
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The Daily Briefing For May 21st: Futures On The Mend
Futures on the S&P 500 are stronger this morning.
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The Daily Report For May 20th: Futures Lower As Chip Stocks Shut Down Huawei
Futures on the S&P 500 rose until 8:00 p.m. EDT then trading slightly down into 4 a.m. EDT before collapsing.
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The Daily Briefing For May 17th: Futures Lately Is A Roll Of The Dice
U.S. futures: S&P -19.75, Dow Jones -177 NDX -65 and Russell 2000 -11.30 with fair values LOWER LESSENING THE PAIN SOMEWHAT. Asia mixed and Europe lower.
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The Daily Briefing For May 16th: Futures Higher
Futures on the S&P 500 flat lines until 2:00 a.m EDT and have been rising since to the morning high at 7:00 a.m EDT.
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The Daily Briefing For May 15th: Futures Drop. Was Yesterday A Dead Cat Bounce?
U.S. futures: S&P -13.25, Dow Jones -114 NDX -42 and Russell 2000 -8.30 with fair values LOWER LESSENING LOSSES. Asia mixed and Europe lower.
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The Daily Briefing For May 14th: Futures Rebound After Worst Day Of The Year
The advance/decline line had its worst day of the year on Monday. So far futures are rebounding. Will it hold? There is a ton of key news that will influence trading.
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The Daily Briefing For May 13th: Futures Getting Rocked
Futures are lower as China retaliated with tariffs of 25% on over 2,000 goods that will take affect June 1st.
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The Daily Briefing For May 10th: New Tarrifs In Effect & Uber Begins Trading Today
Futures on the S&P 500 rose until 8:00 p.m. then fell 1:00 a.m. EDT before regaining a bit but still lower as we head towards the open.
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The Daily Briefing For May 9th: Futures Struggle Again & lots of Fed Speak Today
Futures are struggling this week as each morning has started off weak. Deja vous all over again as Yogi Berra would say.
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The Daily Briefing For May 8th: Futures All Over The Place This Morning
At 8:00 a.m. EDT futures on the S&P 500 were lower by -18 and now they are down by -6 off comments from President Trump.
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The Daily Briefing For May 7th: Futures Weak Again
U.S. futures: S&P -18, Dow Jones -151, NDX -55 and Russell 2000 -10 with fair values HIGHER ADDING TO LOSSES. Asia and Europe mixed.
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The Daily Briefing For May 6th: Futures Getting Rocked
U.S. futures: S&P -43.75, Dow Jones -454, NDX -144.75 and Russell 2000 -22.10 with fair values LOWER CUTTING LOSSES. Asia and Europe very weak.
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The Daily Briefing For May 3rd: Jobs Friday- A Thumbs Up Or Down?
April Nonfarm Payrolls are due out at 8:30 a.m. EDT and are expected to rise to 200,000 from 196,000. The unemployment rate is expected to stay at 3.8%.
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The Daily Briefing For May 2nd: Futures Struggling Here
Futures on the S&P 500 moved lower until 6:00 9.m. and have rallied by 15 points to +8 by 7:00 a.m. before turning down again.
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The Daily Briefing For May 1st: Fed Day
Interesting Fact Of the Day: S&P 500 is off to its best start in 32 years and up 18% in its first four months, best monthly streak since December 2010.
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The Daily Briefing For April 30th: Futures Mixed This Morning
Futures are mixed with the Dow up, S&P 500 mixed and NASDAQ 100 lower.
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The Daily Briefing For April 29th: Futures Flat As We Head Into a Busy Week
U.S. futures: S&P -2, Dow Jones -21, NDX -5.5 and Russell 2000 -0.10 with fair values HIGHER ADDING TO LOSSES.
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The Daily Briefing For April 26th: Futures Turn Positive As Q1 GDP Blows Out Estimates
Wow! Q1 GDP came in at 3.2% versus estimates of 1.9%. Giddy up!!
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The Daily Briefing For April 25th: Vice President Joe Biden Enter The Race
Former Vice President Joe Biden enters the presidential race with a lead of 8% over President Trump.
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The Daily Briefing For April 24th: Futures Flat As Earnings Flow Gets Crazy
Futures on the S&P 500 moved lower until 7:00 a.m. EDT but have been moving up since.
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The Daily Briefing For April 23rd: Earnings Continue To Beat
Futures on the S&P 500 moved lower until 7:00 a.m. EDT but have been moving up since.
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The Daily Briefing For April 22nd to 26th: Futures Lower
Futures on the S&P 500 have been moving lower since last night’s open after the long weekend.
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The Week Ahead For April 22nd to 26th: Earnings, Earning & More Earnings
Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as existing home sales, new home sales, durable good and Q1 GDP.
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The Daily Briefing For April 18th: Pinterest PINS) Goes Public Today
Futures on the S&P 500 have been moving higher since Tuesday’s close. There was a nice pop on China data around 10:00 p.m. EDT.
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The Daily Briefing For April 17th: Futures Higher Again As Winter Is Toast
Futures on the S&P 500 have been moving higher since Tuesday’s close. There was a nice pop on China data around 10:00 p.m. EDT.
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The Daily Briefing For April 16th: Stocks Higher As 2900 Becomes Support
Stocks are higher this morning and have cleared 2900. We would not think about locking in gains until a break of 2900 happens.
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The Daily Briefing For April 15th to 19th: Futures Mixed
U.S. futures: S&P -0.75, Dow Jones +10, NDX -4.75 and Russell 2000 +1.10 with fair values LOWER. Asia mixed and Europe higher. President Trump goes into attack mode on the Federal Reserve again.
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The Daily Briefing For April 12th: News Is Great Today
Stocks are on fire as everything is working today. Let the good times roll as markets are minting money.
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The Daily Briefing For April 11th: Assange In Custody
What’s Happening This Morning: Futures on the S&P 500 fell until 4:00 a.m. EDT and have been rising since with a range of 10 points. Couple IPOs up today as well.
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The Daily Briefing For April 10th: Lots Of Fireworks In Washington D.C. Today
There are multiple hearings today that will drive the attention of the media including Bank CEOs, Attorney General William Barr and several of the biggest social media companies.
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The Daily Briefing For April 9th: Futures Losing Some Of Yesterday's Gains
U.S. futures: S&P -6.75, Dow Jones -60, NDX -18.75 and Russell 2000 -3.90 with fair values HIGHER ADDING TO LOSSES. Asia mixed and Europe mixed.
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The Daily Briefing For April 8th: Central Bank Action This Week
What’s Happening This Morning: Futures on the S&P 500 fell until 2:00 a.m. EDT and have been rising but still negative. That said , the range is rather narrow, 10 points.
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The Daily Briefing For April 5th: Jobs Friday
Futures on the S&P 500 dropped slightly until 8:00 p.m. EDT and have been rising. That said , the range is rather narrow, 6 points. All this may and will change at 8:30 a.m. EDT when we get the new jobs data.
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The Daily Briefing For April 4th: Futures Flat Lining As President Trump To Meet With Chines Vice Premier Liu
President Trump meets with the White House Opportunity and Revitalization Council at 11:30 a.m. EDT and then with the Chinese Vice Premier Liu at 4:30 p.m. EDT.
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The Daily Briefing For April 3rd: Futures Strong Again As We Move Towards Jobs Friday
Futures on the S&P 500 have been rising since 8:00 p.m. EDT.
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The Daily Briefing For April 2nd: Stocks Refuse To Pullback
Futures on the S&P rose until 8 p.m. EDT then fell until 4:00 a.m. EDT and have been rising since to +3.
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The Daily Briefing For April 1: Positive Start To The Second Quarter With 5 More IPOs This Week
U.S. futures: S&P +19, Dow Jones +174, NDX +69 and Russell 2000 +8.80 with fair values SLIGHTLY HIGHER CUTTING INTO GAINS.
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The Daily Briefing For March 29th: The First Quarter Is Over
We move on to the next quarter after a very strong quarter for the major equity indexes.
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The Daily Briefing For March 27th: Futures Flat
U.S. futures: S&P +1, Dow Jones +12, NDX +10 and Russell 2000 -0.40 with fair values SLIGHTLY HIGHER CUTTING INTO GAINS.
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Futures On Fire This Morning
Risk on day after recent struggles is a welcome relief to investors. Will it last?
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The Daily Briefing For March 25th: Futures Mixed But Off The Lows
Futures are off the morning lows. Can they hold remains the $64,000 question.
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The Daily Briefing For March 22nd: Futures In The Red This Morning
U.S. futures: S&P -17, Dow Jones -175.00, NDX -39 and Russell 2000 -12.40 with fair values LOWER LESSENING THE PAIN. Asia mixed and Europe lower, click through for details by country.
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The Daily Briefing For March 21st: China Trade Issues Takes Center Stage
Futures are lower this morning as President Trump tries to play a game of chicken with the Chinese over trade.
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The Daily Briefing For March 20th: Federal Reserve Announcement At 2:00 Followed By Presser
The Federal Reserve Open Market Committee (FOMC) concludes a two day meeting with a rate announcement at 2:00 p.m. EDT and press conference at 2:30 p.m. EDT.
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The Daily Briefing For March 19th: Federal Reserve Begins a Two Day Meeting.
Futures are higher today and the Federal Reserve begins a two day meeting. Chairman Powell will hold a press conference after the announcement.
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The Daily Briefing For March 18th: Futures Mixed. Lyft To Go Public This Week & More Earnings
IPOs on deck This Week: Lyft and Levi Strauss will go public this week at $62 to $68 and $14 to $16. Other IPOS this week 8i Enterprises, Alight Inc, Insurance Acquisition and Up Fintech Holdings.
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The Daily Briefing For March 15th: Options Expiration, Stocks Higher
China closes National People’s Congress. Tech earnings after the close. Bank of Japan dovish. U.K. votes to send May back to Brussels.
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The Daily Briefing For March 14th: Happy Pi Day!!
Today is National Pi Day. It is also Albert Einstein’s birthday and he did not invent Pi. The Babylonians got Pi to 3.125, close, but Archimedes is credited with the first 3.14 figure.
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The Daily Briefing For March 13th: Can The S&P 500 Rip Through 2800?
Futures on the S&P 500 fell to 2788 by 10:45 p.m. EDT and have rallied above 2800.
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The Daily Briefing For March 12th: Brexit Deja Vous
Today we will get another Brexit vote in the U.K. Parliament between 2:00 and 4:00 in the U.S. Impact on stock thus far has been neutral. Will this continue?
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The Daily Briefing For March 11th: Futures Mixed & White House Budget Out
U.S. futures: S&P +2.50, Dow Jones -188, NDX +16 and Russell 2000 -0.80 with fair values LOWER ADDING TO GAINS. Asia and Europe higher to mixed.
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The Daily Briefing For March 8th: Stocks To End Week On A Down Note
The S&P 500 is now lower 7 of the last 8 trading days. Today could make it 8 of 9.
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The Daily Briefing For March 6th: Stocks Struggling Here Without Much Pain
The S&P 500 has been lower 6 of the last 7 trading days YET it is only lower by 21.52 S&P points less than -1% drop. (from 2793.30 to 2771.78)
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The Daily Briefing For March 6th: Trump Needs A Deal With China, Now!!!
President Trump wants a trade deal with China to keep the stock market rally alive. Futures are struggling today as we get set for hump day.
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The Daily Briefing For March 5th: China Lowers Growth Estimates & Expands Stimulus
Futures trade flat overnight then rallied from 3:00 a.m. to 4:00 a.m. before coming back to flat for the day.
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The Daily Briefing For March 4th: Futures Start The Week Higher
U.S. futures: S&P +8.50, Dow Jones +85, NDX +36 and Russell 2000 +2.90 with fair values LOWER ADDING TO GAINS. Asia and Europe higher.
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The Daily Briefing For March 1st: All Is Well Stock On Fire Again
After a couple days of sideways action stocks are on fire. Since 6 p.m. EST, stocks have been climbing in an orderly way. Looks like it is off to the races again.
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The Daily Briefing For February 28th: Thumbs Down On North Korea Deal
The U.S. walked away from a deal with North Korea. Down the road, this will allow the U.S. to cut a better deal. This should be viewed as a plus.
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The Daily Briefing For February 27th: All Eyes Focused On Washington
Today there is Federal Reserve testimony, Michael Cohen testimony and a U.S. & North Korea mmeting. The market reaction to these events will be key.
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The Daily Briefing For February 26th: Washington In Focus
U.S. futures: S&P -4.75, Dow Jones -86, NDX -23 and Russell 2000 -1.70 with fair values LOWER LESSENING THE PAIN. Asia and Europe lower.
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The Daily Briefing For February 25th: Trump Pushes Back Tariff Deadlines
President Trump extends trade talks and no tariff increases on Friday. As a result, futures are strong and China ripping as well.
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The Daily Briefing For February 22nd: Warren Buffet's Annual Letter Out Saturday
U.S. futures: S&P +11, Dow Jones +114, NDX +36.75 and Russell 2000 +4.60 with fair values HIGHER CUTTING INTO OPEN Asia mixed and Europe higher (for country change click through)
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The Daily Briefing For February 21st: Trade Talks Get To The Details
U.S. futures: S&P -3.75, Dow Jones -25, NDX -3.75 and Russell 2000 -1.00 with fair values LOWER ADDING TO OPEN Asia higher and Europe mixed (for country change click through)
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The Daily Briefing For February 19th: We Hear From The Fed as Minutes Out At 2:00 p.m. EST
U.S. futures: S&P -2, Dow Jones -12, NDX +10 and Russell 2000 -2.60 with fair values HIGHER ADDING TO LOSSES. Asia higher and Europe mixed.
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The Daily Briefing For February 19th: Trade Talks Continue
China Mid Level Trade Talks continue in Washington D.C. this week.
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The Daily Briefing For February 15th: No Shutdown Until September
U.S. futures: S&P +8, Dow Jones +75, NDX +22and Russell 2000 +3.60 with fair values HIGHER CUTTING INTO GAINS. Asia lower and Europe higher (for country change click through)
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The Daily Briefing For February 14th: 3 IPOS On Track For Today
IPOs on deck This Week: Five on deck for this week including Avedro, Cibus Global, Stealth BioTherapeutics, TCR2 Therapeutics and Virgin Trains USA LLC. Three start trading today.
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The Daily Briefing For February 13th: The Rally Continues
U.S. futures: S&P +9.25, Dow Jones +106, NDX +37 and Russell 2000 +5.90 with fair values MIXED. Asia and Europe modestly higher.
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The Daily Briefing For February 12th: Thumbs Up or Down Funding Deal?
There is a deal on the table to avoid shutdown. Will President Trump accept $1.375 billion for the wall?
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The Daily Briefing For February 11th: Stock Start Week On A Positive Note, Earning Continue
U.S. futures: S&P +10.75, Dow Jones +104, NDX +38.50 and Russell 2000 +5.40 with fair values HIGHER WEAKENING THE OPEN. Asia and Europe higher.
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The Daily Briefing For February 8th: Futures Struggle Again
U.S. futures: S&P -12, Dow Jones -98, NDX -48 and Russell 2000 -5.60 with fair values HIGHER WEAKENING THE OPEN. Asia mixed and Europe lower.
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The Daily Briefing For February 7th: Bank Merger of Suntrust and BB&T
Suntrust (STI) and BB&T Corp (BB&T) are merging in a merger of equals. This will be the sixth largest bank in the United States.
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The Daily Briefing For February 6th: Earnings Continue To Drive The Tape
U.S. futures: S&P +0.25, Dow Jones +15, NDX +1125 and Russell 2000 +1.10 with fair values HIGHER WEAKENING THE OPEN. Asia mostly higher with Shanghai closed and Europe mixed.
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The Daily Briefing For February 5th: The State of the Disunion Ahead
U.S. futures are positive despite the State of the Disunion Address: S&P +6, Dow Jones +96, NDX +23.75 and Russell 2000 +3.40 with fair values HIGHER LESSENING GAINS. Asia mixed with Shanghai closed and Europe higher.
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The Daily Briefing For February 4th: Market Flat This Morning
U.S. futures: S&P +2, Dow Jones +18, NDX +5 and Russell 2000 +0.60 with fair values MIXED. Asia and Europe mixed.
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The Daily Briefing For February 1st: Jobs Remain Strong
U.S. futures: S&P -5.75, Dow Jones -15, NDX -46.25 and Russell 2000 -1.60 with fair values LOWER HELPING THE OPEN. Asia and Europe mixed.
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The Daily Briefing For January 31st: The Day After The FOMC Announcement
Stocks had a big day as the Federal Reserve put rate hikes on hold for it appears the next six months.Can stocks continue to move up from here?
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The Daily Briefing For January 30th: Federal Reserve Announcement At 2:00 P.M. EDT & Presser At 2:30 P.M. EDT
U.S. futures: S&P +9.75, Dow Jones +199, NDX +51.75 and Russell 2000 +3.70 with fair values LOWER ADDING TO GAIN. Asia mixed and Europe mixed.
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The Daily Briefing For January 29th: FOMC Begins Two Day Meeting
U.S. futures: S&P +1.75, Dow Jones +45, NDX +10 and Russell 2000 -0.20 with fair values HIGHER INCREASING LOSSES. Asia mixed and Europe higher.
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The Daily Briefing For January 28th: Stocks Struggle As We Head To The Open
U.S. futures: S&P -14, Dow Jones -169, NDX -40 and Russell 2000 -7.70 with fair values SHARPLY HIGHER INCREASING LOSSES. Asia and Europe lower as well.
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The Daily Briefing For January 25th: President Trump's Advisor Roger Stone Indicted
U.S. futures: S&P +20, Dow Jones +178, NDX +65 and Russell 2000 +10 with fair values SHARPLY HIGHER LESSENING GAINS. Asia and Europe higher.
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The Daily Briefing For January 24th: ECB Holds Rates Steady
U.S. futures: S&P -1, Dow Jones -27, NDX +20 and Russell 2000 +0 with fair values MIXED TO HIGHER LESSENING GAINS. Asia and Europe higher. Futures reverse on Wilbur Ross comments.
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The Daily Briefing For January 23rd: Stocks Rebound In The Early Going, Will It Hold?
U.S. futures: S&P +11.50, Dow Jones +172, NDX +29 and Russell 2000 +4.90 with fair values MIXED. Asia and Europe mixed.
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The Daily Briefing For January 22nd: World Economic Forum Starts & Futures Fall
U.S. futures: S&P -16, Dow Jones -145, NDX -48 and Russell 2000 -8.50 with fair values LOWER HELPING LOSSES. Asia and Europe lower.
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The Daily Briefing For January 18th: Markets Closed For MLK On Monday
U.S. futures: S&P +11.75, Dow Jones +161, NDX +31 and Russell 2000 +6.50 with fair values HIGHER CUTTING INTO GAINS. Asia higher. Europe higher.
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The Daily Briefing For January 17th: Pressure Increases On China
U.S. futures: S&P -9.75, Dow Jones -90, NDX -17.50 and Russell 2000 -5.90 with fair values HIGHER ADDING TO LOSSES. Asia lower. Europe lower.
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The Daily Briefing For January 16th: No Confidence Vote Today In The U.K. At 2:00 p.m. EDT
U.S. futures: S&P +6.75, Dow Jones +94, NDX +11 and Russell 2000 +3.50 with fair values HIGHER CUTTING INTO GAINS. Asia mostly higher. Europe modestly higher this morning.
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The Daily Briefing For January 15th: Brexit Vote Weighs On Stocks. Winter Is Coming?
U.S. futures: S&P +1.50, Dow Jones -26, NDX +23 and Russell 2000 +2.50 with fair values HIGHER CUTTING INTO GAINS. Asia mostly higher. Europe modestly higher this morning.
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The Daily Briefing For January 14th: Government Shutdown Continues & PCG To File For Chapter 11
U.S. futures: S&P -21.75, Dow Jones -197, NDX -68.75 and Russell 2000 –9.70 with fair values HIGHER ADDING TO LOSSES. Asia mostly lower ex the Nikkei which was higher. Europe mostly lower this morning.
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The Daily Briefing For January 11th: Stocks Look To Take A Rest After Strong Week
U.S. futures: S&P -7.25, Dow Jones -55, NDX -25.75 and Russell 2000 –6.20 with fair values HIGHER ADDING TO LOSSES. Asia mostly higher. Europe mostly lower this morning.
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The Daily Briefing For January 10th: Federal Reserve Chairman Powell To Speak With David Rubenstein
All eyes and ears will be paying attention to Federal Reserve Chairman Jerome Powell who will be interviewed by Carlyle Chairman and Bloomberg Reporter David Rubenstein.
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The Daily Briefing For January 9th: Can We Get A Deal in Washington?
The market suddenly no longer cares about the discord in Washington D.C. It will if the government shutdown cannot end.
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The Daily Briefing For January 8th: El Presidente Trump To Speak at 9:00 p.m. EDT
Futures are having another gap open. Can it hold as markets turn to focusing on President Trump's prime time speech on the government shutdown and the wall.
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The Daily Briefing For January 7th: Federal Reserve Chairman Powell Front And Center
U.S. futures: S&P +1.50, Dow Jones +45, NDX -1.50 and Russell 2000 -1 with fair values SLIGHTLY HIGHER CUTTING INTO GAINS. Asia higher and Europe weak this morning.
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The Daily Briefing For January 4th: Jobs Data Rips
Monthly Nonfarm Payrolls came out at 8:30 a.m EDT and were expected to rise to 180,000 from 155,00. The number was 312,000 which is hot!
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The Daily Briefing: Apple Guides Lower As Bear Market Refuses To Go Quietly Into The Night
U.S. futures: S&P – 27, Dow Jones -270 NDX -113 and Russell 2000 -12.00 with fair values HIGHER ADDING TO LOSSES. Asia lower with the Nikkei closed and Europe lower this morning.
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The Daily Briefing For January 2nd: Winter Is Here, Stocks Lower
U.S. futures: S&P – 42, Dow Jones -386 NDX -142 and Russell 2000 -18.20 with fair values HIGHER ADDING TO LOSSES. Asia lower with the Nikkei closed and Europe lower this morning. Closed Nikkei.
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The Daily Briefing For December 31st: Happy New Year & Welcome To The Year of The Pig
U.S. futures: S&P +24, Dow Jones +254 NDX +72 and Russell 2000 +11 with fair values HIGHER CUTTING INTO GAINS. Asia and Europe higher this morning. Closed Nikkei, Shanghai, Kospi, Germany.
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The Daily Morning Briefing For December 28th: Rally Continues
U.S. futures: S&P +10, Dow Jones +111 NDX +18 and Russell 2000 +6 with fair values LOWER ADDING TO GAINS. Asia mixed with the Nikkei lower and Europe higher this morning.
Gold flat with silver and copper higher. WTI Crude and Brent Oil Futures higher.
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The Daily Briefing For December 27th: What The Market Giveth, The Market Taketh
Stocks are pulling back this morning losing a quick 30% of yesterday's gains. We need to see more to become more bullish. What are they? We will post shortly on that.
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The Daily Briefing: Stocks Set To Rebound From the Santa Claus Massacre
Stocks are set to rebound this morning from what will forever be labeled the Santa Claus Massacre initiated by one marginal president.
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The Daily Briefing For December 24th: Shortened Trading Day Ahead As Markets Close At 1:00 p.m. EDT
U.S. futures: S&P -12, Dow Jones -129, NDX -25 and Russell 2000 -7 with fair values HIGHER ADDING TO LOSSES. Asia and Europe lower with the Nikkei closed as well as the DAX for Christmas.
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The Daily Briefing For December 21st: Futures Crazy. Government Shutdown Looms
U.S. futures: S&P -2, Dow Jones -11, NDX -13 and Russell 2000 -1 with fair values LOWER LESSENING THE PAIN AND WITH FAIR VALUE NOW POSITIVE OPEN. Asia and Europe lower as they follow U.S. weakness on Thursday.
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The Daily Briefing: Futures All Over The Place. Putin Warns of Nuclear War. Trump Stock Market Crumbles
Futures have been all over the place since last night. There is lots of news moving stocks all over the place besides the Federal Reserve action yesterday afternoon.
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The Daily Briefing For December 19th: It's All About The Federal Reserve Today
Today all eyes on Wall Street will be focused on the 2:00 p.m. EDT announcement from the Federal Reserve and press conference with Chairman Jerome Powell.
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The Daily Briefing For December 18th: Futures On The Mend. Trump Winks At Federal Reserve
U.S. futures: S&P +17, Dow Jones +152, NDX +52 and Russell 2000 +8.50 with fair values LOWER HELPING GAINS. Asia higher and Europe mixed to higher.
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The Daily Briefing for December 17th: Futures Fail To Hold Overnight Gains
U.S. futures: S&P -5.75, Dow Jones -84, NDX -13.25 and Russell 2000 -2.50 with fair values LOWER LIMITING LOSSES. Asia higher and Europe lower.
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The Daily Briefing For December 14th: Ugly Start To The Trading Day With S&P 500 Futures Lower
U.S. futures: S&P -22, Dow Jones -169 NDX -66 and Russell 2000 -11 . Asia and Europe lower.
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The Daily Briefing For December 13th: ECB Stops Stimulus, Tough Road Ahead
The ECB announced this morning that they are ending stimulus. What are the economic risks for this action?
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The Daily Briefing For December 12th Sees Volatility Again
Futures are strong this morning. Will it hold? Will Trump go off the rails again?
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The Daily Briefing For December 11th: Futures Turn Positive After Being Lower
U.S. futures: S&P +17, Dow Jones +182, NDX +60 and Russell 2000 +8 with fair values LOWER ADDING TO GAINS. Asia lower to mixed and Europe higher. At 7:12 a.m. EDT.
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The Daily Briefing For December 7th: Jobs Friday
U.S. futures: S&P -11, Dow Jones -112, NDX -33 and Russell 2000 -5 with fair values HIGHER EXTENDING LOSSES. Asia mixed and Europe higher.
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The Daily Briefing For December 6th: Futures Lower As U.S. & China Trade Issues Remain
U.S. futures: S&P -36, Dow Jones -366, NDX -113 and Russell 2000 -16 with fair values LOWER HELPING LOSSSES. Asia and Europe lower. 8:35 a.m. EDT
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The Daily Briefing: President Trump To Meet With German Automakers
U.S. futures: S&P -11, Dow Jones -120, NDX -39 and Russell 2000 -4 with fair values HIGHER CUTTING INTO GAINS. Asia and Europe lower.
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The Daily Briefing For December 3rd: Futures Higher Post U.S. & China Agreement To Extend Discussions
U.S. futures: S&P +39.50, Dow Jones +438, NDX +154.50 and Russell 2000 +17.30 with fair values HIGHER CUTTING INTO GAINS. Asia and Europe higher.
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The Daily Briefing For November 30th: Deal or No Deal?
U.S. futures: S&P -11.50, Dow Jones -129, NDX -28.50 and Russell 2000 -7.50 with fair values LOWER CUTTING INTO LOSSES. Asia and Europe lower. All eyes on G-20 this weekend.
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The Daily Briefing For November 29th: All Eyes Focused On G-20
President Trump takes off today to attend the G-20 meeting. The big event is a Saturday night dinner with President Xi of China. Can we move beyond trade in 2019?
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The Daily Briefing For November 28th: Fed Chairman Powell To Speak At 12:00 p.m. EDT
U.S. futures: S&P +11 Dow Jones +121 NDX +35 and Russell 2000 +7 with fair values LOWER. Asia and Europe higher.
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The Daily Briefing For November 27th: Companies Announce Lots of Secondaries
Yesterday companies came to the well and announced they were selling share. Of note was Canadian Goose (GOOS). Expect lots of secondaries over the next few weeks.
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The Daily Briefing For November 26th: Futures On Fire As Stocks Rebound
U.S. futures: S&P +31.50, Dow Jones +266, NDX +104.50 and Russell 2000 +16 with fair values HIGHER CUTTING INTO GAINS. Asia and Europe higher.
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The Daily Briefing For November 23rd: China and U.S. Position Ahead Of Trade Talks
U.S. futures: S&P -12, Dow Jones -114, NDX -34 and Russell 2000 -10 with fair values HIGHER EXTENDING LOSSES. Asia lower ex Japan which was closed and Europe higher.
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The Daily Briefing For November 20th: Stocks Continue To Fall. Bottom Near?
U.S. futures: S&P -24, Dow Jones -203, NDX -113 and Russell 2000 -13 with fair values LOWER LESSENING THE PAIN. Asia lower and Europe lower.
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The Daily Briefing For November 19th: Futures Lower As Apple Cuts Supppliers
U.S. futures: S&P -10, Dow Jones -87, NDX -27 and Russell 2000 -7 with fair values LOWER LESSENING THE PAIN. Asia higher and Europe MIXED.
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The Daily Briefing For November 16th: Commerce Secretary Ross Throws Cold Water On Trade Deal With China
Commerce Secretary Wilbur Ross noted overnight that a trade deal with China is going to be a long deal and the U.S. might keep tariffs in place.
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The Daily Briefing For November 15th: Brexit Concerns Weigh On Stocks
This morning Britain trying to figure out the implications of the Brexit decisions. Watch for stocks to continue their volatility.
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The Daily Briefing For November 14th: U.S. Consumer Prices Rose in October
Driven largely by gas prices U.S. consumer prices grew in October at the fastest rate since January 1, 2018
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The Daily Briefing For November 13th: U.S. & China Talks Progress (Maybe)
Stocks are modestly higher as we begin the second day of the week. Yesterday was a struggle. Can we have a turnaround Tuesday?
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The Daily Briefing For November 12th: Merger Monday
Holy cow. There are multiple merger announcements this morning. SAP took out Qualtrics which was going public this week.
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The Daily Briefing For November 9th:
There is no follow through from Wednesday's pop. Yesterday saw the S&P 500 close lower. This morning futures are ugly.
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The Daily Briefing For November 8th: Federal Reserve At 2:00 P.M. EDT
Federal Reserve Open Market Committee (FOMC) to announce latest interest rate update at 2:00 p.m.. No change expected. Last meeting without a press conference.
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The Daily Briefing For November 7th: Life After Mid Terms
The Mid Terms have come and gone. The results are expected. The Democrats took back the House. The Republicans kept control of the Senate. Next event of importance is tomorrow's Federal Reserve announcement.
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The Daily Briefing For November 6th: Mid Terms Are Here
Today is all about the Mid Terms. We have lots of coverage on it today. Enjoy the coverage in the Rags & Mags section.
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The Daily Briefing: Will The Rebound Continue As Mid Terms Loom?
The, Russell 2000, NASDAQ 100, S&P 100 and the Dow Jones Industrial Average were higher for the week.
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The Daily Briefing For November 1st: Jobs Data Strong, Bond Yields To Rise?
This morning we got a very strong jobs number, 250,000. Watch to see the impact on bonds. Also, we now hyperlink our news story in the briefing.
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The Daily Briefing For November 1st: Five Days To Mid Terms & Apple Earnings After The Close
Expect stocks to settle into a range after the easy gains off the lows. Investors will be in wait and see mode on how the mid terms play out. Also, Apple earnings will be out at the close.
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The Daily Briefing For October 31st Happy Halloween
It looks like the market is handing investors a treat but could it be a trick by the close?
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The Daily Briefing For October 30th Sees Consumer Confidence Out At 10:00 a.m.
U.S. futures: S&P +17 Dow Jones +116, NDX +14 and Russell 2000 +2.50 with fair values LOWER helping open. Asia higher and Europe lower at 8:10 a.m. EDT.
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The Daily Briefing For October 29th Sees Stocks Rebound Ahead Of Jobs Friday
The Russell 2000, NASDAQ 100, S&P 100 and the Dow Jones Industrial Average were lower for the week. Geopolitical Events. Wednesday the Bank of Japan (BOJ) announces its latest interest rate decision. Thursday the Bank of England (BOE) announces its latest interest rate decision.
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The Daily Briefing For October 25th: Will Q3 GDP Save The Day?
Q3 GDP out at 8:30 a.m. EDT and came in at 3.5% versus consensus of 3.3%.
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The Daily Briefing For October 25th: Stocks Try To Recover
Stocks are higher this morning as they attempt to rebound from the third biggest selloff of the year. A good start so far but it is a long day ahead. The Euro is selling off post the ECB latest announcement and press conference.
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The Daily Briefing For October 24 Sees Lots of Fedspeak
U.S. futures: S&P -3 Dow Jones +73, NDX +2 and Russell 2000 -1.50 with fair values LOWER helping open. Asia lower and Europe higher.
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The Daily Briefing For October 23rd Sees Stocks Continuing To Struggle
Year to date there are still 59% of stocks lower for the year. The strong that existed at the end of August is gone. What will bring the carnage to an end? There are multiple answers including trade resolution, Federal Reserve improved guidance and continued earnings and economic strength.
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The Daily Briefing For October 22nd: A Big Week For Earnings
This is a big week for earnings as many of the largest companies in the S&P 500 and NASDAQ 100 will report earnings.
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The Daily Briefing For October 19th: Stocks Bouncing Again After Drop of -1.46% On The S&P 500
IPOs on deck LogicBio Therapeutics (LOGC) NIU Technologies (NIU) SolawWinds (SWI). Secondaries of note AKTS INAP KRYS.
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The Daily Briefing For October 18th: Are Stocks Stable Here Or Is There More To Go?
Can I buy stocks? Despite the Tuesday pop there is no clear buy signal emerging. So we need to remain sitting on our hands and wait for more signs that we are at the low as opposed to a low.
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The Daily Briefing For October 17th: The S&P 500 Fails To Extend The Rally From Tuesday
Yesterday we wrote about 2% moves and the conclusion is they only happen in corrective action. Make sure to read the review. More to point, the S&P 500 has been unable to rally for two days in a row since September 20th.
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The Daily Briefing For October 16th Looks At S&P 500, Bonds, Gold and Aaron Rodgers
Aaron Rodgers led another fourth quarter comeback for the Green Bay Packers. Very impressive and it leads us to compare Rodgers to the stock market in that he/the market refuse to break.
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The Daily Briefing For October 15th Sees Earnings Season Kick Into Gear
10% of the S&P 500 will report earnings this week. Bank America (BAC), Harris Corp (HRS) and L3 (LLL) all beat earnings estimates this morning.
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The Daily Briefing For October 12th Futures El Fuego
U.S. futures: S&P +29 Dow Jones +251, NDX +108 and Russell 2000 +15 with fair values LOWER helping open. Asia and Europe bouncing as well.
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The Daily Briefing For October 11th, Stocks Continue To Fall
U.S. futures: S&P -20 Dow Jones -206, NDX -46 and Russell 2000 -10.40 with fair values higher increasing the pain. Asia and Europe significantly lower as well.
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The Daily Briefing For October 9th Stocks Sees Lots of Fed Speak Today
Today sees several Fed heads speak. The first is up at 10:30 a.m. EDT and the last is 7:15 p.m. EDT. Key will be to see if there is any walk back of "far from neutral policy".
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The Daily Briefing For October 9th Stocks Continue To Struggle
U.S. futures: S&P -18 Dow Jones -153, NDX -50 and Russell 2000 -9.30 with fair values lower helping to lessen the pain. Asia weaker and Europe lower as well.
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The Daily Briefing For October 8th Lays Out The Week Ahead
Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as NFIB Small Business Optimism Index, PPI, CPI and University of Michigan Sentiment Index.
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The Daily Briefing For October 5 Jobs Come In Weaker Than Expected
September Nonfarm Payrolls was out at 8:30 a.m. EDT and expected to 134,000 from 184,000. However, the ADP Payroll Number came in hot at 235,000.
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The Daily Briefing For October 4th China Bugs U.S. Tech Sector
U.S. futures: S&P -10 Dow Jones -82, NDX -39 and Russell 2000 -9 with fair values lower helping to lessen the pain. Asia weaker with Europe mixed.
The top news story for today is China spying on the U.S.
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The Daily Briefing For October 3rd See Lots Of Fedspeak
There is a ton of Fedspeak that could upend markets today. Pay attention to the times that markets could be impacted.
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The Daily Briefing For October 2: Telsa (TSLA) To A Trillion Dollar Market Cap By 2030?
This morning CNBC interviewed one of the top money managers in the world Ron Baron. He is a large holder of Tesla and thinks that the stock could get to $1 trillion in market cap by 2030.
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The Daily Briefing Reviews The Week Ahead
Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as construction spending, ISM Manufacturing Index, ADP Employment Report, ISM Services, factory orders and the nonfarm payrolls along with the unemployment rate.
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The Daily Briefing For September 28th Concludes The Strong Third Quarter
U.S. futures: S&P -9.25 Dow Jones -101, NDX -31.25 and Russell 2000 -6.70 with fair values flat. Asia higher and Europe lower.
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The Daily Briefing For September 27th Kavanaugh & Rosenstein Cause Markets To Pause
U.S. futures: S&P +3 Dow Jones +17, NDX +22 and Russell 2000 +2.10 with fair values flat. Asia higher and Europe lower.
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The Daily Briefing For September 26th It's All About The Federal Reserve
The FOMC will announcement today at 2:00 p.m. EDT that they are going to raise interest rates. It will be the third increase of the year. One more is expected in December. Key will be guidance about next year.
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The Daily Briefing For September 25th Sees President Trump Address U.N.
This morning President Trump address the United Nations. Key topics will be North Korea, Iran and trade. Watch the Treasury Auction at 1:00 p.m. EDT.
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The Daily Briefing For September 24th The Week Ahead
Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as consumer confidence, new home sales ...
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The Daily Briefing For September 21st
U.S. futures: S&P -1 Dow Jones +25, NDX -1 and Russell 2000 -1 with fair values lower creating gains. Asia mixed and Europe mixed. British remain tough on Brexit.
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The Daily Briefing For September 20th Sees Uber Bull Change His Viewpoint
Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, is a must read and a must follow if you can get his research. One of our readers introduced me to Hartnett's writing several years ago and I am better investor because of it. Why?
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The Daily Briefing For September 19th Sees China Playing The Victim
Is the Chinese economy in trouble? I am shocked that the number two leader in China, Chinese Premier Li Keqiang, who spoke this morning at the opening of a World Economic Forum conference in Tianjin, China indicated that possible future.
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The Daily Briefing For September 18th As Investors React To Tariff News & 10 Year Yield Rises
The yield on the 10 year treasury has moved back to 3.00%. Will it stop there or are we finally going to move to a new yield high? The recent high on yield happened in May at 3.11%.
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The Daily Briefing For September 17th Lays Out The Week Ahead
On Monday's we highlight the week ahead as investors need to understand what can impact trading. The biggest catalyst this week will be the pending tariffs on China that the president has indicated will be enacted this week.
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The Daily Briefing For September 14th Summer Fades & Fall Appears
Have a great weekend as the last week of summer is upon us. Remember on Friday's we only produce The Daily Briefing section of Rebel Yell. Over the weekend, look for Weekend Reads.
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The Daily Briefing For September 13th Sees Dollar Peaking Potentially
The dollar via Powershares DB U.S. Dollar Index Bullish ETF (UUP) peaked in August and looks ready to made start a corrective period. In our weekly chart review in Superstock Investor, we noticed this potential.
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The Daily Briefing For September 12th As Investors Await Apple Presentation
PPI Came in light with a drop of -0.1% and the estimate was 0.2%. So the Producer Price Index shows no inflation fears. Remember we want to pay attention to PPI and CPI, tomorrow, to get a handle if ...
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The Daily Briefing For September 11th, A Day To Remember
Today is 9/11. Spend a few minutes watching the ceremonies on the networks. This is an important part of our history. As a New Yorker during the event, it impacted me greatly. I will never forget.
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The Daily Briefing For September 10th
The lead event for today is AT&T (T) and their long awaited investor conference to provide clues on the integration with Time Warner. AT&T now pays a dividend of 6% and the stock price has gone lower since the acquisition which makes zero sense.
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The Daily Briefing For September 7th Sees Jobs Friday
August Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to rise to 187,000 from 157,000. The unemployment rate is expected to stay at 3.9%.
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The Daily Briefing For September 6th
U.S. futures: S&P +1, Dow Jones +26, NDX +2.25 and Russell 2000 +0.70 with fair values lower reducing losses. Asia and Europe up slightly.
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The Daily Briefing For September 5th Lots Of News To Impact Trading
U.S. futures: S&P -7, Dow Jones -82, NDX -24.50 and Russell 2000 -3.30 with fair values lower reducing losses. Asia and Europe lower.
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The Daily Briefing For September 4th See Traders Back At Their Desks
Traders return from summer vacations en masse today and we will have a myriad of issues facing markets in the the first week back.
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The Daily Briefing For August 30th Sees Earnings Continue To Beat Estimates
We are doing a brief Rebel Yell this morning as we get ready for Labor Day weekend. Remember on Fridays in summer there is no Daily Briefing rather just some commentary. That will end next week as the Daily Briefing will be out Tuesday through Friday with Monday being The Week Ahead.
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The Daily Briefing For August 29th Sees Gold Struggling To Reverse Downtrend
Gold continues to struggle. Tuesday it failed to move above $115 on GLD. Moreover, the Erlanger Volume Swing (EVS) failed to cross above 0 and began a move lower which is never a good sign.
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The Daily Briefing For August 27th Sees Equity Markets Overbought And Economic Data For The Week
Expect a pullback in short order as the S&P 500 is officially overbought. The other times we were this overbought included July, May and January. In each instance, there was downside action.
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The Daily Briefing For August 27th A Slow News Week As Mueller Deadline Looms
This is a rather slow news week as well head into Labor Day weekend. Next week will kick of business travel as well a ton of sellside conferences before third quarter earnings start in October. Also, of note August 29th is the deadline that Robert Mueller has put forth to move against the President if he is going to act before the mid term elections in November.
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The Daily Briefing for August 24th Sees Federal Reserve Chairman Jerome Powell Speak at 10:00 a.m. EDT
Federal Reserve Chairman Jerome Powell will be speaking at the Federal Reserve Kansas City District's Jackson Hole Symposium. Speech time is 10:00 a.m. EDT. This is the must-attend event of the year for central bankers.
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The Daily Briefing For August 23rd Sees Jackson Hole Move Front And Center With Lots Of Fedspeak
My quick comment is the S&P 500 is trying and I repeat trying to clear the January high. The Russell 2000 and the S&P 400 have done so but the S&P 500, S&P 100 and Dow Jones Industrial Average have yet to do so.
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The Daily Briefing For August 22nd Sees Federal Reserve Minutes, Taking Gains On Polo Ralph Lauren & Bull To Bear
Today at 2:00 p.m. EDT we get the latest minutes from the Federal Reserve Open Market Committee (FOMC) meeting held in July. Watch to see if the wording has changed to reflect any slowing of rate increases.
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The Daily Briefing For August 21st Sees Luxury Goods In Trouble But Stocks Still Climbing
This morning we see that Swiss watch sales are being hurt by tariffs. Also, we see that New York City luxury apartment sales have seen prices drop by 31% as the luxury market is being hit by tariffs.
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The Week Ahead Jackson Hole, FOMC Minutes and ECB Update
On Mondays in Rebel Yell, we lay out the week ahead. Without a doubt the most important event of the week is the Jackson Hole Symposium that we wrote about last night. Also, on Thursday in front of Jackson Hole the European Central Bank (ECB) will lay out its latest interest rate policy update.
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The Daily Briefing For August 16th, Walmart Beats And JC Penney Misses
The current environment is one where the stock picker is flourishing. As an example, Walmart (WMT) is higher by 10% this morning and JC Penney (JCP) is lower by -22%. So Walmart is killing it while J.C. Penney is dead on the vine. Yesterday, Macy's (M) fell -14%.
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The Daily Briefing For August 14th, Retail Sales Strong & Are You Ready For Some Football?
Retail sales are out this morning for July and they ripped higher. The estimate was for growth of 0.1% and the sales grew at 0.5%. Earlier this week, Home Depot (HD) beat estimates.
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The Daily Briefing For August 14th, Home Depot (HD) Kills It
Home Depot (HD) beat estimates by $0.20 and beat on revenues as well. The company raised guidance for the third quarter. This is typical of earnings reports in July and August.
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Weekend Reading Iranian Oil Sanctions, Lira Drops Continues and No Wage growth With Tax Reform
Yesterday we sent out The Week Ahead on Sunday. Going forward, it will go out then. On Mondays, we will put a summary of our weekend reading.
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The Daily Briefing For August 10th, Turkish Lira In Free Fall
The Turkish Lira hits a new low this morning as the U.S. Dollar continues to rise. The Lira is off by 11% this morning as its President President Recep Tayyip Erdogan states that the U.S. might have Dollars but we have Allah.
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The Daily Briefing For August 9th Russia Feels The Pain
Bloomberg report this morning that Russian market hurt by recent U.S. sanctions. China is feeling the heat within country over challenging the U.S. on tariffs
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The Daily Briefing For August 8th Crude Inventories Due Out At 10:30 a.m. EDT
Gold, silver and copper mixed. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 119.44 with yields higher since yesterday.
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The Daily Briefing For August 7th Iran Sanctions Kick In
President Trump is on vacation. Usually summer presidential vacations are a good time for markets because Congress is also on vacation. However, this president even when he is on vacation seems to not be on vacation.
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The Daily Briefing For August 6th Focused On The Week Ahead
Geopolitical Issues: Monday sees U.S. sanctions against Iran go into effect. Wednesday sees Federal Reserve Richmond President Tom Barkin speak.
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The Day Ahead For August 3rd Apple Surpasses $1 Trillion, Where Did The Jobs Go?
Well the latest jobs report is out and it was a disappointment. The actual number was 157,000. The estimate was 190,000. The number in July was 248,000. So this number is all over the place.
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The Day Ahead For August 2nd: Will President Trump Raises Tariffs Again? Elon Musk Apologizes
U.S. futures: S&P -15.25, Dow Jones -154, NDX -54.25 and Russell 2000 -8 with fair values flat. Asia and Europe lower on trade worries that refuse to disappear.
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The Day Ahead For August 1st Sees The Federal Reserve Announce Their Latest Decision
Today sees the Federal Reserve announce their latest interest rate decision. Odds are they will not raise and leave the next raise for the September meeting. However, Bloomberg is reporting that they may slow the rate increases from this point onward.
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The Day Ahead For July 31st Sees the Federal Reserve Begin A Two Day Meeting
This morning we look at iShares S&P Growth Allocation Fund ETF (AOR). This chart has been a struggle all year and keeps me awake at night.
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The Day Ahead For July 26th Can Markets Survive Facebook Melt Down
U.S. futures: S&P -4.50, Dow Jones -52, NDX -56 and Russell 2000 -0.30 with fair values flat. Asia lower and Europe higher.
Gold and silver lower with copper higher. WTI Crude and Brent Oil Futures mixed. Natural Gas is higher.
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The Day Ahead For July 25th
This morning auto stocks are struggling as the cost of materials is hitting them. Fiat Chrysler (FCAU) missed estimates by $-0.22 with earnings of $0.62. This was lower than a year ago at $0.69. General Motors (GM) also lowered guidance. Ironic that autos are at the front of the tariff issue just as they get hit on the cost of goods sold side.
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The Day Ahead For July 24th Earnings Strong But Trade Issues Loom
Tomorrow sees the European Union led by Jean-Claue Juncker and Trade Chief Cecilia Malmstrom visit The White House to discuss trade and specifically auto tariffs with President Trump.
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The Day Ahead For July 20th Looks At Citi Economic Surprise Index
Yesterday I updated the returns across stocks, bonds, commodities, currencies, foreign markets and U.S. sectors. What was a surprise is that for July only China was lower in the major foreign markets.