Category Archives: Dashboard

MONDAY:   This morning’s market about face comes as the world suddenly believes that a British exit from the EUropean Union won’t be happening. Markets are strong all over, so at least now we can feel somewhat confident that leaving would be a bad thing, at least for a day or two.

TUESDAY:   Janet Yellen speaks, Stanley Fischer speaks and then Janet Yellen speaks again, all before the “Brexit” vote. Yesterday’s sharp gains were cut in half, but today continues some optimism as futures are again pointing higher ahead of what can only be the anticipation of good news from every corner.

WEDNESDAY:  Another day of Janet Yellen in front of Congress attempting to say nothing, as some concerns again creep in over the “Brexit” vote are keeping a lid on the market again this morning.

THURSDAY:  Ahead of today’s “Brexit” vote, markets are now betting the exit won’t happen and doing do in a big way as the week also nears its end

FRIDAY:.  Well, that was a surprise, although if the same outcome to the Brexit vote had happened just a week ago, it would not have been a surprise. So the gains seen yesterday in the expectation of an outcome that never came seem foolish in hindsight, as do so many things.







MONDAY:   The market looks to begin the week a bit lower amid big losses in ASian markets and more declines in oil. In the meantime, there is an FOMC Statement release on Monday, followed by Yellen’s press conference. Even with no interest rate change it could be a big week.

TUESDAY:   Oil ruled the day yesterday, up and down, but mostly down. This morning, oil is again weak, but stock futures aren’t faring a poorly.

WEDNESDAY:  Today is FOMC Statement release day and futures markets are tentative, but higher heading into that announcement. Six months ago, when the last increase came, was there anyone who thought that would have been the only one to come by now?

THURSDAY:  The moment yesterday’s press conference ended was the moment the selling started as traders probably realized that increased dovish tones meant the economy wasn’t really moving forward as everyone had come to expect. This morning’s futures continues that trend.

FRIDAY:.  Yesterday had a very nice and unexpected recovery. While it doesn’t appear as there’s any left this morning, there’s no reason that there can’t be additional surprises. There is little to move us down and little to move us up, so that’s perfect for such surprises.







MONDAY:   All ears will be on Janet Yellen today as she tries to dance around Friday’s abysmal Employment Situation Report without scaring anyone. The rest of the week has little of interest as the FOMC meets the following week, but it looks like a rate hike will be off the table at that meeting

TUESDAY:   The market seemed to like Yellen’s hedging yesterday and the feeling is continuing as the morning’s futures are unfolding. Undoubtedly, traders still prefer the idea of a gift from the FOMC rather than an economy that’s actually humming along

WEDNESDAY:  Markets gave up some of Monday’s Yellen inspired confusing optimism near the end of the day. This morning’s futures look flat, but standing 1% below all time highs, that’s not a bad place to be for any kind of big move. Guessing the direction is the tricky part, though.

THURSDAY:  With 3 straight days of gains now leaving us less than 1% from S&P 500 highs, today may be a day of rest ahead of next week’s FOMC and no other real news between now and then.

FRIDAY:.  Yesterday ending the 3 day gaining streak and it looks as if that decline may accelerate to close the week, as oil again takes center stage and is sharply lower







MONDAY:   HAPPY MEMORIAL DAY

TUESDAY:   It’s all about the consumer and employment this week as the FOMC meeting nears

WEDNESDAY:  Yesterday wasn’t really as bad as it had looked as the losses were more heavily skewed to the DJIA. This morning’s futures are more evenly distributed, but still heading lower, as we await Friday’s Employment Situation report

THURSDAY:  With the Employment Situation report coming tomorrow, and inevitably going to be called the most important such report since last month’s, futures are trading flat after 2 days of recovery.

FRIDAY:.  Futures are flat as we await what could be a very consequential Employment Situation Report. Pundits are divided over whether we’re at the precipice of a breakout higher or a correction. A flat number could mean neither, for at least a couple of weeks until the FOMC meets.







MONDAY:   Lots of Federal Reserve Governors giving their opinions this week and a GDP report to end the week before a long weekend. What could go wrong unless you’re one of those fearful of interest rate increases?

TUESDAY:   Flat may have been an under-exaggeration for yesterday. This morning may have an upward bias, as we see how much Federal reserve Governor’s hawkish words weigh on markets for the next month

WEDNESDAY:  Strong New Home Sales came as a pleasant surprise and moved the market another 1% higher, as maybe investors are getting more comfortable with the prospects of an interest rate increase in the next few weeks. For now, at least.

THURSDAY: Two straight days with big gains and it would seem that concern about a rate increase was now behind us. We did have the same thing happen just before 2015’s rate hike and then an almost immediate sustained sell off after the fact. But for now, I’m enjoying the moment.

FRIDAY:.  Today’s GDP may give some insight into what the FOMC may decide in just a few weeks and may give the market something to think about over a long weekend ahead