MarketChess

19Mar1:43 pmEST

The Window Has Shifted

The CME Group FedWatch Tool  tracks probabilities regarding future Fed Meetings and potential changes to the Federal Funds Rate ("FFR"). We periodically update Members when we see something of note which changes expectations and can potentially impact a repricing in various asset classes, namely equities and government bonds.  In light of...

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18Mar3:28 pmEST

The Last of the Growthicans

The latest FOMC came and went, with Fed Chair Powell's presser just having wrapped up. Despite being adamant about continuing in his role if Kevin Warsh's nomination runs into issues, he also seemed befuddled about verbalizing that inflation has, in fact, been above The Fed's 2% target for five years and running. He uttered that statement a few...

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17Mar2:31 pmEST

Work Your Core After Drinking on St. Paddy's Day

With ongoing severe disruptions to oil transportation in the all-important Strait of Hormuz, many countries will necessarily turn to coal as a stop-gap measure with dwindling options. The longer this conflict drags on, the more likely coal plays like Canonsburg, Pennsylvania-based Core Natural Resources should benefit. While we all follow oil...

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16Mar3:13 pmEST

Memory to the Test

Micron Technology (MU) reports this Wednesday evening, a rather late-season week to report. Coupled with the war in Iran on top of the FOMC on Wednesday during the session, it is easy to see how MU's earnings report may be overlooked. Recall that Micron is a leading global manufacturer of semiconductor memory AI and data centers, among other...

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13Mar3:11 pmEST

Afternoon Update 03/13/26 {Video}

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12Mar2:52 pmEST

Even Golden Slacks Get Worn Out

Goldman Sachs (sometimes known as "Golden Slacks," as one its kinder nicknames compared to others) the iconic banking house, is the worst performer in the Dow Jones Industrial Average today as I write this. After tagging the big, round, 50,000 number in February, the Dow continues to unwind, suddenly within a stone's throw of testing its...

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11Mar2:55 pmEST

It's Not Just Oil

We have another indecisive session for equities, with bulls generally aiming to prove that the Iran conflict and the economy at-large are truly nothing to fret over, while bears are still trying to wrestle the overall market initiative away.  As for oil, despite plenty of reserves being released spot price remains plucky. I strongly suspect the...

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10Mar3:05 pmEST

Getting Out of Line

The big news of the afternoon, which clearly has had an impact on markets, centered around U.S. Energy Secretary Chris Wright deleting his "X" post, which had announced the U.S. Navy  escorted an oil tanker through the Strait of Hormuz. Iranian officials immediately refuted the validity of the post, which Wright (or his staff) had deleted,...

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09Mar2:44 pmEST

The Spotlight Shines Both Ways

Now that Warren Buffett has quietly stepped back from the spotlight at Berkshire Hathaway it seems fair to say that Larry Fink and Jamie Dimon are the two highest profile executives of large financials, carrying a certain degree of gravitas which is undeniable to even their harshest critics. Case in point, you can see the spectacular...

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06Mar3:27 pmEST

Afternoon Update 03/06/26 {Video}

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