The Fed slashed interest rates by 50 basis points today… while saying they intended to run a “rather restrictive policy.” The reaction was fairly muted - a lot of this has been baked in. I think a cut like this is going to keep the market on edge for the foreseeable future. That’s because, in
The Dow finally has company - the much broader S P 500 has joined it at the all-time high party. If you sense something missing from this picture, you’re not wrong… I’m concerned that the NASDAQ hasn’t notched highs this month. Of course, that’s the home of tech in the market, and tech stocks typica
The markets are pricing in the first rate cut in more than four years. As of this writing, it looks like we can expect a 50-basis-point cut on Wednesday, with a 50% probability of a 1.25% cut by December. That’s fast… but what’s the hurry? Is the Fed that desperate to accommodate the mountain of
The markets are all over the place, and with the Fed decision looming, things are heating up. Sectors are driving the action, but what happens if we get a 25 bps rate cut? It’s not just the cut that matters — the Fed’s guidance will be crucial for the next move. We’ve got volatility
PPI data came in above expectations today, but still, in the grand scheme of things, below levels that would give the Fed heartburn - if they even get heartburn. Today we’re going to look at how crude oil, Texas tea, impacts that same inflation data. What’s more, we’ll look at my charts and see what
confirmation that the Fed will cut rates by 25 basis points. So of course, stocks took off like a shot - just kidding. They didn’t. They tanked steadily until just before lunchtime… then they took off in a 2% reversal rally. That sounds great, but there’s more going on here than meets the eye. I’ll
Stocks are giving in the ol’ college try for a bounce here, but I continue to see warning signs internally. For one thing, the Japanese yen is rising - as are bonds, which tells me capital is still seeking refuge in safer areas of the market. So, there’s room for improvement. That’s not to say
The big index was up nicely today (after the worst week since Silicon Valley Bank blew up). Verizon (VZ) and Nvidia led the way as Apple (AAPL) failed to dazzle with its product-line reveal. If you take a step back and consider the market’s current prospects, it becomes clear that, for everything th
The S P 500 has taken a big downside hit, lower by almost 1.7% toward the close. We saw an intense concentration of liquidity and volume - more on that in a few. It’s clear that a lot of deadwood has been cleared out. If you weren’t prepared for this, you’re in serious trouble. (I’m sure
