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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, Aug. 23: Nvidia earnings day. State of Play A pretty quiet overnight session. Some bad economic news out of Europe , with Flash PMIs falling further into recession...

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. 21. State of Play The People’s Bank of China cut rates overnight , but not by as much as expected. Stocks in China and Hong Kong are selling off as a result but other markets appear unaffected. As of 0640 we are looking at some cautious risk-on potent...

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, Aug. 16. This briefing was updated at 0710 to reflect Walmart earnings. (The audio was not changed). State of Play Stocks sold off again yesterday, with the Nasdaq (...

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. 16. State of Play Stocks dropped yesterday likely due to concerns about China’s slowing economy . A much stronger than expected retail sales report re-raised the issue of additional rate hikes being needed to cool off the economy stateside, though...

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. 14. State of Play No new information over the weekend. As of 0640 all is pretty quiet: * Stock index futures are pointing to gains led by tech, with the Nasdaq up...

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. 11. State of Play As of 0630 all is pretty quiet with the exception of Dr. Copper: * Stock index futures are effectively unchanged with no major US index moving more than 0.2% from the break-even point; * Commodities are mixed. Copper is down 1.4%, wh...

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, Aug. 9. State of Play Overnight news that the Biden administration will limit US investments into mainland China. The investments affected (private equity and ventu...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Tuesday, Aug. 8. State of Play Bank stocks are under pressure again after Moody’s downgraded the credit ratings of several regional banks. As of 0640 we are looking at some risk off: * Stock index futures are pointing to a drop at the open led by small caps, which...

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. 7. State of Play Markets closed lower on Friday, reversing course from earlier in the session. As of 0625 today it looks like some risk-on could be returning: * S...

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. 4. Jobs Day. Today’s briefing and podcast are free for all subscribers. To receive it every morning become a premium subscriber. You can get free merch if you sign up for a year now . (Like the graffiti? For more of the artist’s work visit his Instagr...

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. 3. State of Play That Fitch downgrade sure weighed on things yesterday, as the Nasdaq dropped 2%, its worst day in almost six months. As of 0635 risk appetite still seems subdued: * Stock index futures are pointing to small losses at the open, with...

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. 2. State of Play Fitch downgraded the US credit rating after yesterday’s close, which appears to have doused cold water on some of the risk appetite that has characterized markets in recent months. As of 0620 we are looking at some risk-off develop...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Tuesday, Aug. 1. Swiss National Day. Forgive the singing if you listen to the podcast. State of Play BP ($BP ) earnings missed estimates, the latest oil major to do so. As of 0630 it looks like stocks are set to open lower: * Stock index futures are pointing to lo...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Monday, July 31. State of Play It’s a slow day but a busy week especially in terms of earnings. We did have some negative news out of China overnight , with PMIs showing a fourth straight month of contraction in the manufacturing sector. As of 0635 this morning no...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Friday, July 28. State of Play Yesterday was pretty weird, with a rally reversing around mid-day. Dow Industrials closed lower for the first time in 14 trading days. Then we had some more positive earnings after the close, with Intel ($INTC ) and Roku ($ROKU ) bea...

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, July 27. A massive day of earnings and economic data. State of Play The Federal Reserve yesterday raised its benchmark rate by 25 basis points as expected. It was a...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Wednesday, July 26. Fed Day. State of Play As of 0630 all is pretty quiet as we await earnings and of course the Fed: * Stock index futures are effectively unchanged. No major US index is moving more than 0.3% from the break-even point; * Commodities are trending...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Tuesday, July 25. Cover art by the author. More of his work is viewable at the dedicated Instagram account . State of Play As of 0635 all is pretty quiet. Don’t expect that to last with all the earnings: * Stock index futures aren’t doing much. The Nasdaq ($QQQ )...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Friday, July 21. This briefing (though not the podcast) was updated to reflect Amex earnings. State of Play It’s a quiet summer Friday. Not an awful lot going on as of 0640: * Stock index futures are pointing to gains, reversing losses from yesterday. The Nasdaq i...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Monday, July 17. State of Play Two major news items weighing on commodities markets. The first is about Russia suspending a grain deal it had with Ukraine. Elsewhere China reported slower GDP growth than anticipated. As of 0645 investors appear a little cautious a...

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, July 13: The start of earnings season. State of Play Stocks rallied yesterday after the softer-than-anticipated inflation report. Small caps once again led the way 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 Tuesday, July 11. There is frankly very little on the calendar today, leaving the focus on tomorrow’s CPI print… State of Play Yesterday saw a nice rally from small caps, with...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Friday, July 7: Jobs Day. This is the updated briefing to include the non-farm payrolls number. The audio will not reflect the NFP print. This version of the brief is an update on the edition received by premium subscribers at 0630. Become a premium subscriber to...

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, June 28. State of Play Yesterday saw a nice rally on Wall Street, led by tech. The Nasdaq ($QQQ ) gained 1.7% on the day, reversing losses from Monday and last week...

Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Monday, June 26. Welcome to the last week of the second quarter. State of Play It was a very interesting weekend with a series of bizarre events in Russia. As of 0640 financial markets appear to be taking it all in stride: * European stocks are turning in a quiet...