It took some time, but there was follow-through from Wednesday’s rally in a big way. The culprit for the early morning indecisiveness was the worse-than-expected Q2 GDP reading that was…
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Conventional wisdom would say with earnings misses from two of the top three components of the S&P 500 index and a 0.75% hike in the Federal Funds Rate, that the…
After a robust 100-handle rally last Monday-Thursday, the S&P 500 index futures took a breather on Friday and gave a portion of the gains back. At the onset of the…
There are some days when the S&P 500 starts out green and never goes red. Then there are days similar to today when the index started out in the red…
Similar to Wednesday, the S&P 500 index futures began the regular session deep in the red, both the result of worse-than-expected inflation data. On Wednesday, after the scary CPI data,…
After the worse-than-expected June Consumer Price Index reading, the S&P 500 index futures tanked. At one point, it appeared that a test of last week’s low was imminent, but the…
Just ahead of the opening of premarket trading for equities, the S&P 500 index bottomed when it was 36 handles in the red. The index clawed its way back early…
With the top five components of the S&P 500 index being mega-cap tech, once they get going in a roll direction, it is hard to stop the momentum. For Monday’s…
Friday’s price action in the S&P 500 index futures was much more analogous to Wednesday’s than Thursday’s. The premarket decline was followed by a premarket rally past unchanged. The decline…
The S&P 500 index futures have put in place its first four-day winning streak since late March. The rally was much different in character than Wednesday’s positive session as the…
