Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Labor Day Waves
Overseas markets continued selling while the U. S. was closed for Labor Day and our futures certainly responded. As always, we care most about the price action and the waves. We’ll get right to our videos to review the latest outlook.
Squawk Morning Briefing: Power Back
With David’s power restored we’re back to our regular format. The prospects for a weak open following a sell-off in Asia and Europe and then weak BLS numbers domestically increases the odds that a wave iv-(circle) high is in.
Prudence dictates that we allow for a slightly higher print in the fourth wave correction unless opening […]
Squawk Morning Briefing: Full Bouquet of News
Tomorrow’s BLS number isn’t the only game in town. This morning’s claims data and labor productivity data add to the overall jobs picture. After the cash markets open we’ll add to the broader economic outlook with ISM manufacturing and construction spending.
We expect that the ISM number will be closely watched. Regional Fed data suggests significant […]
Squawk Morning Briefing: Friday Preview
The ADP Employment report just came out showing fewer jobs added in July August than anticipated. This is widely regarded as a flawed report that gives some indication of what to expect from the BLS report, but only in broad strokes. It missed expectations by roughly 20,000 and futures remain mostly within their early range, […]
Squawk Morning Briefing: It’s That Time Again.
Friday, once again, brings the BLS report. This is always a closely watched data series, and this is likely to remain the case as everyone tries to get a reading on whether the economy is merely pausing, or whether something more dire may be looming. We will be watching markets closely on the release of […]
Squawk Morning Briefing: Powerless
David is without power today and Kevin is filling in with a combined briefing for the DJIA and YM. The Euro has invalidated the prior triangle count possibility, but in a way that is consistent with comments on Friday so we will let those comments stand until David’s storm impact is mitigated.
Squawk Morning Briefing: Hurricane Coming
It seems that the market is expecting a category 4 press conference at 10:00a EDT today. It just doesn’t know where it will strike. We’ll be watching keenly to see whether bulls or bears are scrambling for safety once it hits. Or maybe it will weaken offshore and be a dud. Sometimes it happens.
In other […]
Squawk Morning Briefing: Waiting on Jackson Hole
Markets seem paused awaiting any signal from The Fed on Friday. As always, we care more about the reaction to any announcement than the actual announcement itself. Short-term wave counts remain conflicted about market direction and we’ll look to see if any movement on Friday creates an actionable pattern. In the mean time, today’s briefing […]
Squawk Morning Briefing: Late Briefing
After yesterday’s early briefing, we’re following today with a late briefing. While David was able to keep track of markets from the jury pool yesterday, it wasn’t the same as watching tick by tick. Today took a little longer than usual to analyze and prepare the type of analysis we prefer.
Like sticking one’s head in […]
Squawk Morning Briefing: Early Update Today
This morning’s update is coming a bit earlier than usual as David is off to Jury duty today. Kevin’s videos were recorded late Monday night and David’s were recorded early Tuesday morning. Both contain our outlook for the day.
Yesterday’s webinar was recorded and will be available later in the week. Once it is available we […]