Market Overview

Fed Chair Powell appears less hawkish than expectedDollar slides as investors add to their rate cut betsECB to hike, focus on Lagarde’s remarksBoJ tweak cannot be ruled outPowell disappoints...

The second window up from the bottom is the hourly (SPY) and the next higher window is the hourly VIX.  Bearish signs form when the SPY makes higher highs and the VIX makes higher...

Jerome Powell and his colleagues endlessly reassert their “higher for longer” plan for interest rates. They aim to weaken economic growth, bringing inflation back to pre-pandemic levels....

No market moves up or down in a straight line, and there are pullbacks, pauses, and corrections. See, one doesn’t invalidate the trend.At least not without a serious signal and its confirmation....

(Wednesday market open) The Federal Reserve wraps up its July meeting today, and the market widely expects a quarter-point rate increase—and wonders what’s next. There’s debate about...

Tomorrow’s initial estimate of US economic activity by the government for the second quarter (scheduled for Thursday, July 27) is expected to report that a moderate expansion continues, based on...

The Federal Reserve is expected to raise interest rates by 0.25% on Wednesday to the highest since 2001. Despite hawkish warnings from Fed Chair Powell, the majority of traders are betting that this...

Fed expected to hike, spotlight to fall on hints about next movesEuro awaits ECB; aussie slides on inflation slowdownWall Street gains, awaits Fed and more tech earningsWill the Fed hint at more...

Canadian dollar was fourth-worst performer in the Group-of-10 currencies. Oil rallies on improved global outlook and Chinese stimulus Gold awaits the Fed decision Commodities and some commodity...

(Tuesday market open) This afternoon serves up a double-feature, and it’s not “Barbenheimer.”Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) accelerate the mega-cap earnings...

There’s an aspect of the higher interest rate structure we are now blessed/cursed with that hasn’t gotten as much airplay, but which is great news for dealer desks and also a good thing...

China pledges more stimulus, lifting oil prices and local stocksEuro licks wounds after disappointing PMIs, antipodeans shineWall Street advances ahead of Microsoft (NASDAQ:MSFT) and Google earnings...

By now, you might have read my piece about the July 6-month calendar range reset.The chart of the Russell 2000 (IWM) shows a really wide July range. The red line (low made the July 6 at...

It was surprisingly a busy weekend as Spain delivered a close national election, Barbie showed us the economy is still partying, Chevron (NYSE:CVX) reported impressive earnings, and as expectations...