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(Updates with quarterly earnings below) Good morning contrarians! Stock futures are rising a day after posting decidedly mixed results. Tech stocks sold off, with the Nasdaq dropping over 1% whilst Dow Jones Industrials gained 0.7% and the S&P 500 was flat. State of Play Today as of 0635, tech is leading the bounce, with the Nasdaq up 1%. The other indexes are up a little less. Among individual st...

Edward Olanow, portfolio manager and director of investment solutions at Weiss Multi-Strategy Advisers, joins the podcast to supply a surprisingly bullish outlook on the economy and on certain segments of the stock market. Content Highlights * Reasons for optimism: Given the Fed and external shocks, GDP remains high and there is still a backlog of orders and millions of unfilled jobs (1:36); * The...

Good morning contrarians! Stock futures are down a bit a day after a relatively quiet Monday. The Russell 2000 which tracks small caps was the only major index seeing any kind of significant movement, dropping by about 1%. Other indexes were effectively flat. As of 0630, only tech stocks are doing anything worth mentioning, down about 0.2%. Individual stocks seeing movement include Johnson & Johns...

Good morning contrarians! Stock futures are down as of 0630, but not as much as they were earlier in the overnight session. The Nasdaq, which was off 2% at one point, is now down 0.6% with Dow Industrials and S&P 500 down a little less than that. Twitter is up about 2% in the pre-market after the company adopted a poison pill to ward off Elon Musk’s efforts at taking it private. Other active stock...

Good morning contrarians! This briefing (though not the podcast) has been updated with the CPI number. Scroll down to the boldface font. Stock futures are doing very little a day after selling off. Tech saw the worst of it yesterday, with the Nasdaq giving up more than 2%. S&P 500 and Dow Industrials both fell more than 1%. Today’s briefing and podcast is free for all readers. If you like it, subs...

Good morning contrarians! Stock futures are dropping a day after selling off. Tech stocks and small caps saw the worst of it yesterday, with the Nasdaq and Russell 2000 dropping 2.3% and 2.5%, respectively. S&P 500 gave up 1.3%. As of 0630, tech is once again seeing the worst of it, with the Nasdaq down 1%. Futures on the other indexes are down a little less, about 0.6%. Bonds are selling off but...

Good morning contrarians! Today’s episode is free for all subscribers (though premium subscribers received it an hour earlier). If you enjoy this briefing, consider subscribing here:. Stocks are a bit lower after another major day of gains on Wall Street. The Russell 2000 led major U.S. indexes with 2.6% gains, followed by the Nasdaq (+1.8%), S&P 500 (+1.2%), and Dow Industrials (+1%). As of 0630,...

Good morning contrarians! Stock futures are flat after a day of solid gains. The Nasdaq led major indexes and was up almost 2% on the day. The S&P 500 and Nasdaq are on track for their second straight winning week. Semiconductors outperformed even regular tech stocks this week, apparently as investors re-discover appetite for riskier assets. Today’s briefing and podcast is free for all readers. If...

Good morning contrarians! And happy St. Patrick’s Day. Stock futures are down a bit after another day of big gains on Wall Street. The Nasdaq was up almost 4% on the day with other indexes adding about 2%. It’s not entirely clear what caused this rally, which seemed to intensify as Fed chair Jay Powell was speaking. Earlier in the day came reports of Russia and Ukraine making progress in their pea...

Good morning contrarians! Stock futures are rebounding strongly after another day of selling on Wall Street. Tech is leading the move higher, with the Nasdaq up about 2% as of 0630. Dow Industrials and S&P 500 are up well over 1% as well. Europe is seeing gains across the board, with the DAX in Frankfurt and CAC in Paris up over 4% each. Commodities are dropping a bit, with WTI crude down 2% to tr...

Good morning contrarians! Stock futures are pointing to modest gains at the open a day after the Nasdaq dropped 3.6% and officially entered a bear market. Bear markets are defined as 20% losses from the all-time high. The Nasdaq actually entered this territory briefly last week, but this was the first close at bear market levels. Dow Industrials (-2.4%) and S&P 500 (-3%) suffered as well but remai...

Good morning contrarians! (This episode was published Tuesday morning, Feb. 22 and is free for all to read and share. If you enjoy it consider subscribing at the link below) Russia-Ukraine is approaching a boiling point. The latest has the Kremlin ordering troops into the two breakaway republics that are inside Ukraine’s (still existing) border. This as western leaders’ offer of a meeting with the...

Good morning contrarians! Stock futures are sinking over renewed tensions between Russia and Ukraine. There were reports of shelling overnight as the encouraging news of a Russian pullback was refuted by U.S. officials. As of 0630, small caps are seeing the worst of it with the Russell 2000 down about 0.9%. The Nasdaq is off about 0.7% with Dow Industrials and S&P 500 pointing to a drop of 0.5% at...

Good morning contrarians! Stock markets initially took yesterday’s hotter-than-expected inflation reading in stride, exactly as was predicted in this space. After a brief sell-off after the open, stocks even turned green for a bit. Then however, a certain St. Louis Fed president aired comments supporting more drastic measures to rein in inflation, including a full percentage point rate hike by Jul...

Good morning contrarians! Yesterday saw another day of selling, with the Nasdaq now officially entering correction territory (defined as a 10% decline from the all-time high). It’s the same story: fear of higher interest rates have investors selling their tech stocks and bond holdings alike. If there has been a ‘rotation’ into anything it’s been cash and that type of situation simply cannot persis...

Good morning contrarians! Welcome to 2022. First trading day of the year. As we know, 2021 was a banner year for stocks. If history is any guide then 2022 should be decent as well. Since 1950 when the S&P 500 returned 25% or more in a calendar year, stocks gained an average of 14% the following year. About eight out of 10 of those years were positive. On the economic front, things look pretty good...

Good morning contrarians! It’s the final trading week of the year, historically a time when very little happens and trading volumes are correspondingly low. Due to the dearth of news, data releases, and other information that moves markets, we will not be publishing daily briefings this week. Today’s briefing is free for all users. To receive this each market morning subscribe here: One of our ten...

Good morning contrarians! Today’s briefing and podcast is free. Sign up to receive it in your inbox each market morning Stock futures are pretty bright red as of 0615. Major indexes are pointing to losses north of 1%. Small caps and tech are seeing the worst of it, with the Russell down 1.8% and Nasdaq off about 1.5%. The few bright spots are in the old pre-pandemic favorites: Zoom Media (ZM), Tel...

Good morning contrarians! This briefing is normally entirely forward-looking, focusing on economic and corporate events that can move markets in the day ahead. However, in light of yesterday’s rather bizarre activity it’s worth unpacking this a little bit. The Fed Set-Up Markets were on a bit of a knife’s edge over yesterday’s meeting of the Federal Open Market Committee. Federal Reserve officials...

Good morning contrarians! Stock futures are down a bit as of 0645. Small caps are seeing the most selling, with the Russell 2000 off 0.7%. Nasdaq futures are down 0.5% with S&P 500 and Dow Industrials about 0.4% lower. Bonds are seeing some bids, with the 10-year yield back down below 1.5%. It was up around 1.53% at yesterday’s close. The more rate-sensitive 2-year yield is down a little less, hov...

This briefing and podcast is a rare freebie. If you like what you see (and/or hear), then sign up for a risk free seven-day trial of a premium subscription by clicking the button below — and receive this briefing every market morning by 7am ET. Good morning contrarians! Welcome to December. This is traditionally a pretty good month for stocks. Only once has it been the worst month of the year, in...

Good morning contrarians! Stock futures are falling off a cliff this morning. Small caps are being taken out back and beaten to a pulp, with the Russell 2000 off close to 4%. Dow Industrials are down more than 2% with the S&P 500 down 1.8% and Nasdaq about 1.1% lower. Commodities are dropping, with crude oil down more than 6% to trade around $73. Bonds are being bid up, with the yield on the 2-yea...

Good morning contrarians! Stock futures are down a bit as of 0640, having recovered from earlier in the session. Small caps are seeing most of the selling, with the Russell 2000 down 0.8%. The Nasdaq is down 0.3% while S&P 500 and Dow Industrials hover closer to the break-even point. Bonds are selling off as well, with the yield on the 10-year up to 1.63%. The 2-year yield was up past 0.64% earlie...

Good morning contrarians! Stock futures are mixed again this morning. As of 0640, small caps are seeing most of the selling with the Russell 2000 off more than 1%. Dow Industrials are down 0.5% and S&P 500 futures off about 0.3%. But tech is showing signs of life, with the Nasdaq up 0.3%. Bonds are rallying, with the 10-year yield down to 1.55%. Perhaps most telling, the 2-year has taken a big dip...

Good morning contrarians! Stock futures are flat as of 0630. Major indexes are all hogging the break-even point. Bonds are seeing some bids, with the yield on the 10-year back down to 1.6%. Cryptocurrencies have fallen off a bit of a cliff, with bitcoin down 9% to trade around 60,000. Insert joke about cryptos being a stable source of value. Today is all about retail. The U.S. Census Bureau releas...