Afternoon Note
The market derailed on confirmed reports Iran is preparing to launch a missile attack on Israel. These missiles have now been launched around 12:30 EST.
The news is sending major indices sharply lower and even though they are off the low point of the session, the angst is palpable.
The S&P 500 has a fair amount of support on a closing basis at $5,700.
Manufacturing ISM showed a sharp reversal in inventories, just as port workers have gone on strike. I’m still searching for the manufacturing miracle.
The JOLTs report saw jobs online rebound. I’m more concerned about the quits rate which continues to plunge.
I think this matters more to Powell than a headline month-to-month bounce.
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9/17/2025 1:33 PM | Fed on Deck |
9/17/2025 9:43 AM | Champing at the Bit |
9/16/2025 1:33 PM | All Eyes on the FOMC Meeting |
9/16/2025 10:05 AM | Growth Leads the Way |
9/15/2025 1:36 PM | Solid Rally |
9/15/2025 9:50 AM | It's Still Tech As We Await the Fed |
9/12/2025 1:28 PM | Mega-Caps Move Higher |
9/12/2025 9:32 AM | JAILBREAK |
9/11/2025 1:39 PM | Rally Continues |
9/11/2025 10:08 AM | All AI All the Time |
9/10/2025 1:55 PM | The Oracle Effect |
9/10/2025 9:50 AM | PARTY IN WHOVILLE |
9/9/2025 1:50 PM | Sharp BLS Revision |
9/9/2025 9:48 AM | Tech & Large Cap Safety |
9/8/2025 1:29 PM | Technology Leads Again |
9/8/2025 9:34 AM | FOREBODING |
9/5/2025 1:29 PM | Jobs Data Digest |
9/5/2025 9:55 AM | JOBS DAY (BUCKLE UP) |
9/4/2025 1:07 PM | Stocks Rise and Yields Sink |
9/4/2025 9:45 AM | MOSTLY BLAND |
9/3/2025 1:48 PM | Big Tech Rebounds |
9/3/2025 9:41 AM | NOT AN EMOTIONAL RELEASE (YET) |
9/2/2025 1:37 PM | Gloomy Start |
9/2/2025 9:44 AM | REMEMBER SEPTEMBER? |
8/29/2025 1:33 PM | Fed Governor Cook(ed)? |
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