News

Tim Cook Steps Down Today. The Bond Market Didn’t Even Notice. Tim Cook steps down as Apple’s CEO tomorrow, September 1, ending fifteen years at the helm of the world’s most valuable company. Apple shares slipped less than a point Monday morning. That’s it. That’s the whole market reaction to the end of an era. […] More

Nvidia Earnings Just Rescued This Market. Friday Could Undo It. Nvidia earnings landed Wednesday after the bell, and the number Wall Street needed showed up. Revenue and profit both beat estimates. Guidance topped Street forecasts. Shares jumped 6% to 7% in premarket trading Thursday, snapping a brutal seven-session losing streak that had shaved nearly 12% […] More

PCE Inflation Data Stays Sticky. Nvidia and Jackson Hole Are About to Decide Everything Else. PCE inflation data landed Wednesday morning, and the number wasn’t what bulls wanted heading into the most important 48 hours of the summer. Inflation remained sticky. Not hot enough to panic. Not cool enough to celebrate. Just stubbornly stuck. Stocks […] More

Treasury Yields Ease, But Wall Street’s Real Test Is Still Coming Treasury yields backed off their highest levels in nearly two decades on Tuesday, and stocks caught a breath. Barely. The relief is thin. Underneath it, the bond market is still nursing a hangover from a brutal stretch that pushed the 30-year yield above 5.3% […] More

Walmart Earnings Are About to Tell Us Something the Fed Can’t. Walmart earnings land Thursday, and this quarter matters more than most. Not because of Walmart specifically. Because of what it’s reporting into. Stocks fell for a second straight session Monday. The S&P 500 slid 0.52%. The Dow lost 272 points. Oil kept climbing on […] More

The Bond Market Is Screaming. Is Wall Street Finally Listening? Treasury bond yields just hit levels not seen since 2007 — and the stock market is paying the price. Tuesday started ugly on the floor of the New York Stock Exchange, and it only got worse from there. The yield on the 30-year U.S. Treasury […] More

S&P 500 Record High Crosses 7,800. This Time, Small Caps Showed Up Too. The S&P 500 record high arrived Thursday, crossing 7,800 for the first time ever, touching an intraday peak of 7,816.70 before easing back to close at 7,781.59. A milestone, technically. But the number that mattered more sat elsewhere on the board. The […] More

The July CPI Report Came In Tame. AI Stocks Took Off Like It Was a Green Light. The July CPI report landed Wednesday morning at just 0.1%, month over month. A relief, after June’s inflation reading had actually fallen 0.4%. Nobody expected a repeat of that decline. Nobody got a scare, either. Tame, and the […] More

Silver Prices Surge Past $65. The Reason Should Worry You More Than the Rally Itself. Silver prices surge to a fresh high above $65 an ounce Tuesday, up 13.5% in a single week and 73.3% over the past year. Gold climbed too, past $4,437. The 10-year Treasury yield rose to 4.71%, its highest since Friday’s […] More

The Strait of Hormuz Deal Just Hit a Snag. Markets Barely Noticed. For Now. The Strait of Hormuz saga isn’t over. Iran said Sunday a deal with Oman on transit through the waterway is in its “final stages.” Then came the catch. Tehran reiterated the U.S. still has to meet several conditions first before the […] More

The July Jobs Report Showed a Loss. Wall Street Threw a Party. The July jobs report landed Friday morning with a number nobody had on their bingo card. The U.S. economy lost 23,000 jobs last month. Economists expected a gain of 83,000. That’s not a miss. That’s a hundred-thousand-job gap between forecast and reality. Stocks […] More

Stock Market Today: The Jobs Number Nobody Wanted Just Landed Stock market today looks calm on the surface. Underneath, something cracked. US stocks barely budged Thursday morning as investors absorbed a fresh batch of earnings, prospects of an imminent Strait of Hormuz deal, and new labor market data, with the Dow trading at a record […] More