Gap Between Market’s 2 Tiers Starts to Close
SpaceX saw beats on both the top and bottom line but is trading flat in front of the conference call.
Pending Home Sales Plunge to a Record Low
Contract signings for existing homes see the biggest drop since December, sending the index to its lowest level in data back to 2001.
Corporate Bonds Flash Warning
If the negative pattern develops, I’d be quick to hit the sell button.
Amazon Leads Unconvincing Bounce After Morgan Stanley Price Target Change
The mega caps did the heavy lifting while most stocks went nowhere.
The Week Ahead: The Rotation Continues
AI worries are pressuring Tech and sending yields lower as we embark on a heavy earnings week including several names in the cross-hairs.
Initial Jobless Claims Extend Longest Run Since 1969
Initial claims came in at 199,000, only the 11th week below 200,000 since 1969, while the four-week average of continuing claims fell to its lowest level since April 2023.
Hot CPI Shakes Leaders and That’s What the Market Needed
Stocks were slammed after a hot core CPI report, but bonds rallied and biotech rose.
Stocks Set for Air Pocket as ‘Irrational Exuberance’ Grows
The market might hit a high note to end the year but 2027 won’t be as rosy.
Hot CPI Puts October Rate Hike Back in Play
Core rises 0.33% from August, a second hot monthly print, as gains spread well beyond energy. October rate-hike odds more than double.
Split in the Market Widens as Bank Earnings Hit
New lows topped 500 and more than 60% of stocks are below their 200-day averages, while the mega caps hit another record.