Month: September 2026

From our friends at TheFly:

New orders for U.S. made durable goods were largely flat month-over-month at $338.6B in August, following two consecutive monthly increases and compared to market forecasts for a 0.4% decrease. Excluding transportation, durable goods orders went up by 0.3%, below the expected 0.6% gain. Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, grew by 1.6%, topping market forecasts for a 0.5% advance.

Stock futures were already off their highs of the morning before the report and have continued lower. The initial reaction, however, was a short-lived drop, then pop, in the SPX futures.

Nearly all of the Megas have had a banner year, especially the semis. Tesla is the only one in the red.

In the comments, Crazy1 wonders if Helene will be right about buying the dogs this year. Well, 16% (82 stocks) of the S&P 500 are down at least 20%.

Here are the worst performing 10 this year, and most are pretty close to YTD lows.

Stock index futures continue the move higher from midday yesterday on news that the US and Iran are in talks to get the Strait of Hormuz open.

My pal Sarge has more to say on the topic in his daily Market Recon (required reading here on Pro).

https://pro.thestreet.com/market-commentary/iran-breakthrough

S&P 500 Futures are up around 0.33% and around 0.8% since noon yesterday.

Gold is up 1%

The Dollar Index is off 0.31%.

The 10 Yr is off its (price) lows:

And Crude futures are off their highs and down around 2% so far today.

Here’s what’s brewing for today. We’ll be watching for Durable Goods and UMich Cons Sentiment. If I can find it, I’ll dig up some old research I did on the UMich report. It was included in an early version of the Fear & Greed Index, but I removed it because it didn’t update frequently enough.

It’s your old friend JMesh filling in for Dougie today.

One of my goals for the day will be to share content that I find on our sister sites, TheFly and TipRanks, to see what we can think about bringing over. Make requests if you’ve got ’em.