Morning Brief

Headline News: The S&P 500 futures trade 26 points, or 0.7%, below fair value in a carryover of selling momentum, particularly in the mega-cap stocks. The tech-heavy Nasdaq 100 futures underperform and trade 1.0% below fair value. The futures market continues to grapple with growth concerns attributed in part to the Fed’s aggressive tightening plans… Read More

Morning Brief

Headline News: The S&P 500 futures trade 35 points, or 0.9%, above fair value as the market tries to bounce from an oversold condition. The benchmark index enters the session down 16.3% for the year and below the 4,000 level. A supportive factor has been the price action in the 10-yr yield, which is currently… Read More

Morning Brief

Headline News: The S&P 500 futures are down another 69 points to trade 1.7% below fair value after the 10-yr yield hit 3.20% earlier this morning. The tech-sensitive Nasdaq 100 futures underperform and trade 2.5% below fair value. The 10-yr yield is currently up five basis points to 3.17%, which after starting the year… Read More

Morning Brief

Headline News: The S&P 500 futures are peeling back yesterday’s relief rally and currently trade 20 points, or 0.5%, below fair value. Yesterday, the market was relieved to hear that the Fed was not considering hiking rates by 75 basis points in coming meetings, preferring instead 50-basis-point increases in the next two meetings. On a… Read More

Morning Brief

Headline News: The S&P 500 futures trade 23 points, or 0.6%, above fair value as buying interest from the prior two days carries over in front of the FOMC policy decision this afternoon. The Fed is expected to raise the target range for the fed funds rate by 50 basis points and formally present a… Read More

Morning Brief

Headline News: The S&P 500 futures trade roughly in line with fair value in a meek start to the month following the beatdown in April. Growth concerns continue to linger after China’s April Manufacturing PMI (47.4) contracted more than expected and Beijing tightened COVID restrictions, but the market might be drawing support from new… Read More

Morning Brief

Headline News: The S&P 500 futures trade 38 points, or 0.9%, below fair value as discouraging outlooks from Apple (AAPL 159.50, -4.14, -2.5%) and Amazon.com (AMZN 2617.40, -274.53, -9.7%) set the negative tone in the futures market. Apple’s quarterly results were better than expected, but the stock’s 2.5% decline is rooted in a warning that… Read More

Moring Brief

Headline News: The S&P 500 futures trade 70 points, or 1.7%, above fair value as positive reactions to earnings reports help drive the rebound-minded bias. The Nasdaq 100 futures outperform and trade 2.1% above fair value. Meta Platforms (FB 203.68, +28.73, +16.4%) is setting the tone with a 16% pre-market gain following its earnings… Read More

Morning Brief

Headline News: The S&P 500 futures trade nine points, or 0.2%, below fair value following yesterday’s unprovoked rebound. Investors have been busy reviewing a huge batch of earnings reports. First-quarter results remained mostly better than expected, including from 3M (MMM 149.75, +1.15, +0.8%), UPS (UPS 193.79, +4.15, +2.2%), General Electric (GE 86.79, -3.09, -3.4%), and… Read More

Morning Brief

Headline News: The S&P 500 futures are limping into week’s end, trading two points, or 0.1%, below fair value. The market continues to digest hawkish Fed expectations, higher interest rates, stubborn technical factors, and the latest earnings news. Dow components American Express (AXP 183.85, -1.89, -1.0%) and Verizon (VZ 54.15, -0.86, -1.6%) are both trading… Read More

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