About 470 stocks in the S&P 500 were lower today.
Author: Michael Kramer
Long-Term Rates Are Breaking Out Ahead of 2025, As Equity Financing Cost Plunge
The 30-year interest rate closed at its highest level since November 2023.
Demand For Equity Leverage Plunges
Rates hit the pause button this week after three solid Treasury Auctions.
Stocks and Rates Rise As The Yield Curve Continues to Steepen
Stocks rose along with rates on light trading volumes.
Treasury Auctions This Week Could Drive Further Bear Steepening
It will be a holiday-shortened trading week due to the Christmas holiday. Markets in the US will close early on Christmas Eve, December 24th, at 1 PM Eastern and remain closed all day on Wednesday, the 25th. Most markets in Europe will be closed on the 25th and 26th, while a few markets in Asia, …
The Stock Market Struggles May Only Grow Worse
Stock couldn't hold on to early gains.
The Fed’s Rate Cutting Cycle May Already Be Over
The market only see one rate cut in all of 2025.
Stocks Continue To Melt As Equity Financing Cost Soar
Stocks continued to move lower, as breadth continues to weaken.
The Stocks Markets Window May Be Closing
It was a vol up, price up day.
A Bear Steepener For The Ages Is About To Hit Stocks
Rates and the dollar could be poised to see a massive move and soon...
Rates, The Dollar, and Inflation May Be Poised For A Big Move Higher
Rates, the dollar, and inflation swap pricing all continued to rise today.
Stocks, Rates, Dollar, and Volatility All Rise
CPI numbers today largely came in line. But when you took a deeper look at them and rounded them out, you realize they were in line but on the hotter side of inline, meaning the year-over-year number came in at 2.7 but missed a 2.8 print by a hundredth of a percent. The …
Liquidity Strains May Be Giving A False Sense of Security To The Market
QT and debt issuance may finally be straining the financial system.
VIX Index Rises As Stock Finally Cracks
The VIX index was higher on as the S&P 500 finally gave back some.
The Market Is Nearing A Climactic Event Due to Liquidity Strains and Valuation Peaks
It is clear there are strains in the market that are not visible to the naked eye.
Volatility May Be Returning To A Stock Market Near You
The stock market finally gave back some.
Market Liquidity May Not Be As Ample As Some Believe
Implied volatility moved up some today, and tightening liquidity could move it up even more.
Volatility May Be Due To Increase Significantly Starting Tomorrow
With Powell speaking tomorrow and a Job report on Friday, volatility seems primed to go higher.
The Yen Is Screaming Risk-Off And The Stock Market Isn’t Paying Attention
The Japanese Yen is strengthening versus every major currency.
The Market Is Running At An Extreme Maximum
the last time dealers were this net short was in 2008.