market update

A strong May for U.S. equities is closing on a sour note, after President Donald Trump accused China of "totally" breaching a tariff agreement, raising new fears over trade disputes. The White House is reportedly planning broader tech sanctions against China, with a proposed rule targeting...

A sharp jump in Treasury yields following Wednesday's weak 20-year bond auction triggered a swift market reaction, with several high-growth and tech names plunging between 1:05 p.m. and 2:05 p.m. ET—the exact window 30-year yields spiked above 5.08%. Tempus AI Inc. (NASDAQ:TEM) led the decline,...

On Thursday, Wall Street opened the session with significant milestones as the S&P 500 and the Nasdaq 100 indices surged to new record highs. This rebound was driven by Nvidia Corp. (NASDAQ:NVDA), which soared 9% to $1,034 per share following outstanding earnings results and optimistic guidance...

Thursday’s trading session on Wall Street presents a mixed picture, characterized by notable fluctuations in major indices. While tech-heavy benchmarks like the S&P 500 and the Nasdaq 100 are experiencing declines, blue-chip stocks and small caps are treading the path of marginal gains....

Stakes couldn’t be higher for NVIDIA. Earnings expected to hit $2.07 (up +305% from $0.51 last year). It’s been the best performing stock in the S&P 500 this year, up +212%. If they miss the entire stock market could go down. Markets Prices as of 4 pm EST, 8/22/23 Macro @...

Over 86% of the S&P 500 year-to-date return has come from valuation expansion. The S&P 500 is now trading at 19x P/E (forward), the long-term average is 15.6 and at the end of 2022 it was below 17x. Can this continue? Markets Prices as of 4 pm EST, 8/18/23 Macro JPMorgan The chart above...

The FED might be winning the war on inflation. Their preferred metric for inflation the PCE Inflation Index surprised below expectations at 4.1%. PCE inflation is now at the lowest reading since 2021. The trend is finally our friend! Market Prices as of 4 pm EST, 7/27/23 Macro Rainy day funds at...

Hold onto your coffee cups, 'cause we're kicking off the day with GREAT news! GDP soars to 2.4% in Q2 2023. This is up from 2% in Q1. The “for sure recession" is nowhere in sight - it vanished like a magician's trick! Market Prices as of 4 pm EST, 7/26/23 Macro Sales of new...

Inflation was out of control, interest rates soared, bonds screamed caution and a recession seemed imminent. Yet, here we are, 20 months later with the S&P 500's bear market nearing a full recovery, just 260 points short. Talk about market resilience! Market Prices as of 4 pm EST, 7/24/23...

Back from vacation and diving into a big week. The S&P 500 is just over 5% away from hitting its all-time high, FED's poised for a rate hike, second quarter GDP and big tech earnings are rolling in. Coffee in hand? Let's conquer this week together! Market Prices as of 4 pm EST, 7/21/23...

Do with this information as you see fit: Jim Cramer said this week he doesn’t see a recession in the cards for the US… Market Prices as of 4 pm EST, 7/19/23 Macro The end of Fed hikes may be on the horizon but what about their effects on the economy? According to TD, the peak impact...

Are we inching closer to the elusive “soft landing”? An increasing share of global fund managers sees it as the most likely outcome over the next 12 months: Market Prices as of 4 pm EST, 7/18/23 Macro Here are some highlights from BofA’s latest Global Fund Manager Survey:...

Economists expect this morning’s retail sales data to show the strongest growth since January. If a recession is coming, somebody forgot to tell the consumer! Market Prices as of 4 pm EST, 7/17/23 Macro China represents the world’s largest market for chipmakers. In 2022, it was...

Last quarter's earnings day moves were 3.6x the average daily move. Will we see more of the same this season? Market   Prices as of 4 pm EST, 7/14/23 Macro The economic rebound in China has failed to meet lofty expectations. In fact, it’s largely disappointed and the latest data...

Market veteran Ed Yardeni says the U.S. economy has shifted from a “rolling recession” to a “rolling recovery”. He says large parts of the residential real-estate sector had been in a recession for eight quarters. But a sharp rise of 12% in new home sales (among...