Market Overview

The Fed raised its key rate by 25 bps to 5.25-5.50%. The upper boundary of this range is the highest in 22 years. The lower boundary corresponds to the plateau level at which the Fed held rates from...

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...

According to fed futures data, there is a nearly 99% chance that the Fed will hike rates by 25 bps on July 26.The Federal Open Market Committee (FOMC) will announce its next interest rate move 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...

For today, I used ChatGPT to ask which companies store raw materials.After all, you cannot have capital investing in infrastructure without raw materials. You cannot have geopolitical issues without...

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...