The Market Chronicles

Stocks fell slightly on Monday November 27, 2023 as momentum appear to be fading.

It may be time for the Fed to push back on the recent easing of financial conditions with Powell due to speak on December 1.

Stocks stalled out on November 21, 2023 as the systematic flows abate.

Stocks rallied on November 20, 2023 ahead of the Fed Minutes and Nvidia quarterly results.

The bulls option flow may be what undoes Nvidia’s results.

Stocks finished higher on November 16, 2023, but they were weaker then they appeared to be.

Stocks stalled on November 15, as the yield curve continues to show signs of normalization.

Stocks rallied on November 14, 2023 as CPI and CORE CPI came in softer than expected.

Tomorrow’s CPI report could reshape the narrative around the inflation debate.

Between OPEX and Tuesday’s CPI report, the week of November 13, 2023 will be a busy one for the stock market.

Stocks fell sharply after the 30-year Treasury auction had horrific results.

Stocks stall again as the 4,400 call wall remains firm.

Stocks finished the day higher, but seem contained as long as the call wall remains.

Stocks finished flat on November 6, 2023 as we head into a busy week of Treasury Issuance, as investors see nothing but blue skies ahead.

It will be a week to watch the 1PM ET time slot.

Stocks rallied and now up about 5% since Friday.

Stocks rose on November 1, 2023 after the FOMC meeting as implied volatility melted as it usually does after these meetings.

Stocks rally on October 31, ahead of a big day of announcements.

The newsflow kicks off tonight with the BOJ.

Stocks are finally repricing for a higher rate world.

The stock markets outperformance over bonds may be due for a harsh dose of reality.

Stocks tumble as rates soar.

The magnificent 7 may be in serious trouble as a group as triple top falls to support.

Stocks dropped sharply on October 19, 2023 as Jay Powell deliver a vague message on the future path of policy.

Stocks were roasted on October 18, 2023, as rates continue to push higher and are now approaching 5% on the long-end of the curve.

Stocks were down, they were up, then down, and then flat as rates went up all day long.

Stocks went up, and bonds went down on October 16, 2023, but it’s a trend that probably won’t last.

There won’t be much economic data this week, but Jay Powell will speak, and there will be a 20-year Treasury Auction.

Stocks took a big turn lower around 1PM ET when the 30-year Treasury auction posted weak results.

Stocks moved higher ahead of the September CPI report.

Stocks rallied on October 10, 2023, but gave back a bunch of those gains after a weak Treasury auction.

Stocks were saved by the mechanical unwind of implied volatility following the job report.

Markets paused ahead of the big jobs report, but that isn’t like to change much if the yield curve continues to steepen.

Stocks rallied on October 4 as rates fall, but very little if anything actually changed.

The S&P 500 fell sharply on October 3, 2023 and took the summer rally with it.

Rates continued to move higher on October 2, and the dollar did too, while the S&P 500 managed to finish flat.

It isn’t when the yield curve inverts that one should worry, it is when it steepens.

Stocks jumped higher on September 28, 2023 as rates finally stopped rising, at least for now.

Stocks bounced around September 27, 2023 and rates and oil continued to surge.

30-year rates continued to climb on September 26, 2023, as the stock market summer gains melted away.

10 and 30-year Treasury rates rip to new highs on September 25, 2023 while the options crowd pushed stocks higher.

Stocks experienced a significant decline last week, and the situation remains precarious as credit spreads are anticipated to broaden even more.

Stocks fell sharply on September 21, 2023 as rates reached new cycle highs across the yield curve.

The stock market was betting the Fed would aggressively cut rates in 2024, that isn’t likely to happen.

Stocks fell some on September 19, 2023 as the 5-year and 10-year rate rose to their levels since 2007 ahead of tomorrow Fed announcement..

It will be a big week for stocks now that options expiration is over and the FOMC meeting is up next.

The summer rally in stocks has succumb to higher oil, rates, and a stronger dollar.

The sun has set on the summer and now it is time for the markets to go back to work.

There will be a load of economic data this week that could make it one of the most of important weeks of 2023, ahead of the labor day weekend!

Volatility in the stock market may pick up the week of August 21, 2023 ahead of Nvidia’s big results.

Stocks face big headwinds the week of August 14, 2023.

The unwind of a big volatility trade may be behind this week’s stock market drop and may lead to a further decline.

There will be a lot of economic data the week of July 31, which could push rates significantly higher threatening the stock market rally.

Earnings and Central bank meeting will make the week of July 24, 2023 the busiest of the summer for the stock market.

The week of July 17, 2023 will feature big earnings reports and July Opex.

Stocks bet on rates falling, and that looks like the wrong choice at this point.

The week of July 3, will be a big week for economic data.

The week of June 26 will be the final week of the second quarter and will feature two more Jay Powell appearances.

6/18/23 Mike’s Reading The Markets (RTM) Premium Content –  $70 per month or $600 per year – First two weeks are free to try! The Final Piece? RTM Lite: Squeeze Into …

This will be a pivotal week for the markets with CPI on Tuesday, the June FOMC meeting on Wednesday, the ECB on Thursday, and the BOJ and US options expiring on Friday.

The stock market moved above resistance level but is now entering extremely overbought territory.

It seems that the recent rally into mega-cap may be nothing more than a flight to safety.

The bulls are still going to have a tough moving higher as long as the call wall remains at 4,200 on the S&P 500.

The bulls may be finished as Jay Powell comes to the plate on Friday morning.

5/7/23 #STOCKS – $GOOGL, $META, $700 HK #MACRO – $SPX, $NDX Mike’s Reading The Markets (RTM) Premium Content –  $70 per month or $600 per year – First two weeks are …

The week of April 24, 2023, will be busy with economic data and earnings.

The week of April 17, 2023, will feature vix expiration, options expirations, and earnings from companies like Netflix (NFLX) and Tesla (TSLA).

4/9/23 #STOCKS – $KRE, $CAT, $NVDA #MACRO – $SPX, $NDX, #RATES Mike’s Reading The Markets (RTM) Premium Content –  $70 per month or $600 per year – First two weeks are …

Stocks rose sharply last week, but the market looks overbought and driven by rotations and systematic flows, not fundamentals.

The Fed is likely to continue raising rates to combat inflation during the week of March 20, 2023.

The week of March 15, 2023, will be filled with plenty market moving headlines.

Get ready for a lot of volatility over the next three weeks.

Stocks may fall further the week of February 27, 2023, as rates and the dollar push higher.

The week of February 20 may be short, but the Fed minutes and the PCE report could provide the stock market with plenty of fire works.

The week of February 13 could be a big week for the markets, with a CPI report coming on Tuesday.

Two distinct cycles are running in the S&P 500 and the NDX that marked previous highs and lows, and they suggest a may now be in place and VIX may be heading higher too.

Rates and the dollar ripped following the hotter-than-expected job reports, and financial conditions may be set to tighten in the coming weeks.

Stocks could sink the week of January 30, 2023, as economic data, earnings, and the Fed collide.

There will be no Fed speakers this week, but plenty of economic data to move the markets around.

January 17, 2023, will be a busy week with options expiring, Fed speak, and earnings are kicking into a higher gear.

The week of January 9, 2023, will feature Jay Powell, the CPI report, and results from JPMorgan, Bank of America, and Citigroup.

The week of January 3, 2023, will be an epic data dump that includes the December FOMC minutes.

2023 could be much worse than 2022 as the bear market continues to move forward and rates push even higher.

The week of December 19, 2022, will be filled with economic data and Treasury auctions, so that it will be anything but slow.

The Week of December 12, 2022, will feature a CPI report, 3 central bank rate decisions, and a 10-year and 30-year US auction; it will be busy, to say the least.

Stocks fell sharply on December 6, 2022, for a second day, resulting in the S&P 500 breaking two critical trend lines.

The week of December 5, 2022, will be filled with a ton of important economic data that could suggest a US recession is near.

Stocks rallied as Powell says nothing new causing a dovish pivot.

It was a quiet day of trading as investors gear up for Powell on November 30.

Stocks dropped sharply on November 28, 2022 as the markets prepare for Jay Powell on Wedensday.

The week of November 28, 2022, will be jammed with economic data, and highlighted by Jay Powell on Wedensday.

Stocks appear to be gearing up for higher volatility coming soon.

Stocks finished November 22, 2022, higher as the VIX and the Dollar sank.

Stocks posted modest declines on November 21, 2022, as the dollar rebounded and the euro fell.

The week of November 21, 2022, will be a short one but filled with plenty of news events.

Stocks dropped on Thursday, November 17, 2022, as the dollar pushed higher.

Stocks dropped on November 16, 2022, following a hotter-than-expected retail sales data.

Stocks tried to rally on November 15, 2022 but finished well below their highs.

The stock market hit a brick wall on November 14, 2022.

The doves may take flight the week of November 14, 2022, and spread their wings. Or maybe not…