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Welcome to the second quarter! Futures are basically flat this morning as this new three-month stretch commences. As I enter this quarter, I do it with my foot off the throttle. Those in cruise control riding the recent uptrend have been rewarded. Right now Read more…
We are now going on day three of the slide that started Tuesday afternoon. After a big move from the December 20th Gap and Go selling some longs into the end of the first quarter#1 made sense. There is always a re-shuffle that goes on from Qtr. to Qtr. so Read more…
S&P futures are down about 8-10 handles Thursday morning after more weak news out of China fuels more concerns for slower growth in the region. This time it was China Manufacturing Data providing the damper. There was also some concerning news out of Read more…
European stocks rose early in their session, but have retreated a bit this morning. They were set for their first rise three days, but it appears persistent fears about the China growth are weighing on the market. US stock futures are weakening late Read more…
Maybe there is a fat finger trade this morning, as the S&P futures are down 7-9 handles. Yesterday, Bank of America had its first down day after 5 strong to the upside and already the street was blaming it on talk of a secondary.This makes me Read more…
Last week was a powerful one for the markets, as most sectors are in multiyear highs or approaching them. Transports played a bit of catch up as did the Russell and the energy complex. Tech, home builders and banks lead the Read more…
US stock futures are higher Thursday morning ahead of a clutch of data including manufacturing activity and jobless claims. It has been a quiet morning as the big bond debate is taking place across the world. Everyone is trying to figure out the Read more…
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