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Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Wednesday, Oct. 11. The Bottom Line segment of today’s podcast starts at (5:06) for listeners who want to skip ahead. State of Play Stocks rallied yesterday but finished off the highs as the latest round of Fed speakers repeated the mantra that interest rates may...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Tuesday, Oct. 10. The Bottom Line segment of today’s podcast starts at (3:10) for listeners who want to skip ahead. State of Play Stocks rebounded yesterday after Fed officials said they may not keep hiking interest rates. This demonstrated that investors do actua...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Monday, Oct. 9. The Bottom Line segment of today’s podcast starts at (2:25) for listeners who want to skip ahead. State of Play The weekend was marred by the hostilities in th...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Thursday, Oct. 5. The Bottom Line segment of the podcast starts at (3:34) for those who wish to skip ahead. State of Play Stocks and bonds rallied yesterday. There was no clea...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Wednesday, Oct. 4. The Bottom Line segment of the podcast starts at (5:41) for those who want to skip ahead (premium edition only). 0701 Update: MBA mortgage application data...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Tuesday, Oct. 3. The Bottom Line segment of the podcast starts at (4:10) for those who wish to skip ahead. State of Play Stocks treaded water yesterday. The bigger movement wa...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Monday, Oct. 2. Welcome to the fourth quarter. The ‘Bottom Line’ segment of today’s podcast starts at (3:23) for those who want to skip ahead. State of Play The PCE Deflator, the Fed’s preferred inflation gauge, came in a little softer than anticipated on Friday b...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Wednesday, Sept. 27. State of Play Stocks sold off yesterday after new home sales fell short of estimates and the CB Consumer Confidence Index came in at its lowest level sinc...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Monday, Sept. 25. State of Play Fresh concerns with the US consumer as credit card losses accelerate at the fastest pace since 2008. China property stocks dropped again overnight after embattled Evergrande said it would delay a debt restructuring meeting. As of 06...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Friday, Sept. 22. State of Play Stocks sold off again yesterday on these ‘higher for longer’ Fed fears. S&P 500 and Nasdaq dropped by more than 1.5% each. Overnight the Bank o...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Thursday, Sept. 21, a day when we are left pondering the latest hawkish move by the US Federal Reserve. State of Play The Federal Reserve yesterday kept its key interest rate...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Tuesday, Sept. 19. State of Play Stocks finished unchanged yesterday and appear to be treading water as we await the Fed tomorrow. As of 0615: * Stock index futures are pointi...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Monday, Sept. 18. State of Play Stocks sold off again on Friday, giving back all the gains of the week and finishing in the red for the second straight week. Things have been pretty quiet since as we gear up for central bank interest rate decisions, key among them...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Friday, Sept. 15. State of Play Stocks advanced yesterday, led by small caps. The Russell 2000 added 1.5%. Nasdaq and S&P 500 gained 0.8% each. The Arm Holdings (ARM) IPO help...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Thursday, Sept. 14. State of Play The CPI came in pretty much as anticipated yesterday and stocks didn’t really move as a result, though small caps dropped, with the Russell 2000 giving back 0.7%. As of 0630 we are looking at some green shoots: * Stock index futur...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Wednesday, Sept. 13. Inflation Day. State of Play Stocks dropped yesterday, with the Nasdaq ($QQQ ) all but giving up gains from the previous session. The Apple ($AAPL ) event was blah as expected. Nothing really happened overnight. As of 0630 all is quiet as we a...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Tuesday, Sept. 12. State of Play Stocks rallied yesterday led by tech, with the Nasdaq gaining 1.1%. One driving force was Tesla ($TSLA ), which gained 10% on an upgrade from Morgan Stanley . As of 0640 it looks like we’re due to give some of that back: * Stock in...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Monday, Sept. 11. State of Play Some fresh clues of a more dovish Federal Reserve emerged over the weekend. China loan data overnight showed new loans growing ahead of forecasts, an indication the country is indeed taking necessary steps to help borrowers and ward...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Thursday, Sept. 7. State of Play Stocks dropped again yesterday as bond yields moved higher on inflation concerns. Services PMIs came in ahead of forecasts and companies repor...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Tuesday, Sept. 5. Welcome back after the Labor Day holiday. State of Play It’s a pretty slow week in terms of known events. Some Fed speakers the latter half of the week are probably the lone highlight. As of 0600, all is predictably pretty quiet: * Stock index fu...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Friday, Sept. 1. Welcome to September. State of Play Lululemon ($LULU ) reported strong earnings after yesterday’s close and encouragingly cited strong sales in China in raising full-year guidance. Some other positive news in China as authorities announced a serie...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Thursday, Aug. 31. The last trading day of the month. State of Play Another day of gains for stocks yesterday, albeit modest gains amid thin trading volumes. Still, that makes four winning days in a row and leaves the S&P 500 down just 1% for the month of August....

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Wednesday, Aug. 30. The penultimate trading day of the month. State of Play Yesterday saw a strong rally on Wall Street after JOLTS came in well below forecasts , potentially removing some pressure on the Fed to raise interest rates. As of 0625 it’s a bit of a mix...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Monday, Aug. 28. State of Play Chinese authorities rode in over the weekend to shore up that country’s financial markets, cutting a tax on trading and pledging to do more to r...

This is a free preview of a paid episode. To hear more, visit contrarianpod.substack.com Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Friday, Aug. 25. State of Play The tech rally we spoke of yesterday morning didn’t last long. It reversed almost as soon as markets opened. Eventually all major US indexes dro...