Materials Select Sector SPDR Fund (XLB)

The major domestic equity indices closed flat to slightly lower on Thursday after having tested much lower levels earlier. The S&P 500 and Nasdaq Composite both closed very close to flat on the day. It appears that Washington and Tehran are exploring what would be a phased arrangement that would restore the ability of commercial traffic to navigate …

Another day, another record? Sort of. The S&P 500 managed to set a new all-time intraday record high as well as an all-time record closing high. Why? Inflation, or the lack thereof. For the month of July, headline PPI printed at +0.0% month over month versus the +0.2% consensus and at +4.7% year over year versus expectations for a +4.9% print. …

... And that is that. The bell has rung its last for the day and for the week. Treasuries were stable on Friday, as were equities. The major indexes ended the day mixed, capping off a volatile week fraught with geopoliti…

Equities had a better-than-decent session after a rocky start. Oracle ( ORCL ) had been hit hard overnight after reporting on Wednesday night and dragged U.S. equity indexes lower overnight. U.S. markets spent the rest o…

MARKET RECON: Fed Gets Dovish, Oracle Gets Haircut, What Could Possibly Go Wrong? ( XLB ) ( XLI ) ( XLC ) ( XLU ) ( ORCL ) #MarketRecon $SPX $COMPQ $RUT . Click here for the link: Fed Gets Dovish, Oracle Gets Haircut, Wh…