Thu, Jul 9, 2020
9:57 amPage One: Only one trend seems to matter
It's a new day full of new news, but there's only one storyline that seems to be registering with th
Wed, Jul 8, 2020
10:02 amPage One: Matters of consolidation
The stock market had a down day on Tuesday, succumbing to widespread selling interest that should no
Tue, Jul 7, 2020
10:02 amPage One: A depreciation factor at work following the appreciation
In the last five trading sessions, the S&P 500 has increased 5.7%, the Nasdaq Composite has increase
Mon, Jul 6, 2020
10:04 amPage One: Follow the bouncing bulls
China's Shanghai Composite soared 5.7% on Monday. From the best we can tell, the catalyst for that h
Thu, Jul 2, 2020
4:13 pmThe Big Picture: Insight into an employment report that was objectively good and bad
Objectively, there was a lot to like in the June employment report. Objectively, there was a lot not
10:05 amPage One: No June swoon in rehiring activity
For some necessary context, the change seen in the futures for the major indices just before the rel
Wed, Jul 1, 2020
10:08 amPage One: A fickle futures market reacts to econ and vaccine news
We have come to loathe the effort to divine what the futures market is thinking ahead of the open. T
Tue, Jun 30, 2020
10:05 amPage One: Indeterminate feel before the open
Today is the last day of the second quarter. Anyone short the market will say "good riddance!" Anyon
Mon, Jun 29, 2020
10:06 amPage One: Testing the waters
Last Friday didn't go so well for the stock market. The major indices all declined at least 2.4%; an
Fri, Jun 26, 2020
2:17 pmThe Big Picture: Treasury market seeing one "L" of a recovery
A common explanation for why the stock market has done so well since March 23 when the real economy
10:06 amPage One: Some hesitation
On June 2, the S&P 500 closed at 3080.82. Yesterday, it closed at 3083.76. In other words, the S&P 5
Thu, Jun 25, 2020
10:05 amPage One: Rethinking the reopening
Yesterday started out on a straightforward enough note. The stock market retreated because it was ov
Wed, Jun 24, 2020
9:52 amPage One: A review for the preview
This morning's missive must begin with a few matters of review. The Nasdaq Composite has gone up in
Tue, Jun 23, 2020
10:04 amPage One: Getting a jump on a strong start
We're tempted to write the closing stock market summary and call it a day. If we did, it might say s
Mon, Jun 22, 2020
10:04 amPage One: A guessing game
The futures for the major indices are up nicely this morning. The only thing is that they are little
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