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The major indices opened somewhat soft after ugly overnight data out of China, but quickly shifted into rally mode after the 8:30 a.m. U.S. economic data sent TSY yields lower. The the People’s Bank of China announced a 10 basis points cut in the one-year medium-term lending facility rate to
12:30 p.m. ET There’s not much in the way of U.S. macro data today, but the rest of the week is busy with CPI tomorrow and the FOMC policy decision Wednesday. The CPI report will be the last big piece of inflation data ahead of Wednesday’s policy decision in which
The S&P-500 entered a new bull market this week, or so the financial media says. But did the S&P really enter a new bull market? We’ll take a look and the answer is not just an academic one. It may very well play in to something much more surprising that
The primary theme today was one first picked up on 3C charts yesterday afternoon and posted in yesterday’s Afternoon Update. The 3C signals suggested a high probability that Small Caps correct/consolidate, and that the mega-caps that have been underperforming all of June and massively yesterday, see a short term rotation
"Changes in market character precede changes in market trends." Changes in character are most often discovered intraday. Benefit from real time analysis and alerts, whether you're a short term trader or a long term investor.
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