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Market Pulse: Daily Insights on Financial Trends and Corporate Performance

Don Selkin, Newbridge Chief Market Strategist, has contributed to CNBC for 40+ years

Don Selkin, the innovator behind the "Fair Value" numbers, has been a trusted contributor to CNBC and its predecessor for over 40 years, consistently providing these numbers daily without fail. He has also supplied the fair value for Nasdaq 100 futures since 1996 and Dow Jones stock index futures since 1997. Quoted in prominent publications such as Bloomberg News, New York Post, Reuters, and The New York Times, Selkin's insights are highly regarded in the financial industry. His Fair Value numbers are featured in the U.S. Futures Report on CNBC every day before the market opens, with "Newbridge Securities" as the source. Additionally, Newbridge Securities offers in-depth access to Selkin's financial market views to its professionals, their clients, and the public.

AS SEEN ON CNBC

Latest Insights

Daily Market Notes - June 27, 2024

The major indices went between losses and gains and ended slightly on the positive side as the S&P and Nasdaq settled close to their all-time highs from last week.
Donald Selkin, Chief Market Strategist
June 27, 2024
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5 min read

Daily Market Notes - June 26, 2024

Well, well, well – after the 13% downside correction for NVDA, it finally got its act together yesterday and made a nice upside recovery yesterday on huge volume of 400 million shares.
Donald Selkin, Chief Market Strategist
June 26, 2024
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5 min read

Daily Market Notes - June 25, 2024

For the third session in a row, we saw the spread between the Dow and the Nasdaq narrow in again as the shares of NVDA hit a brick wall after its incredible upside run this year.
Donald Selkin, Chief Market Strategist
June 25, 2024
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5 min read

Daily Market Notes - June 24, 2024

In a relatively calm quadruple witching session for the third Friday of the quarterly expirations (March, June, September, December) the market ended mixed to lower as the only stock that got jacked around near the close was none other than AAPL, which went from being ahead by 1-2 points until the last 15 minutes when it collapsed from those gains to end more than 2 points lower, and what was the reason for this? The other stock that got hammered right into the close was former high-flier AVGO which continued its recent downside miseries with a 28 point drubbing in the final 15 minutes as well.
Donald Selkin, Chief Market Strategist
June 24, 2024
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5 min read

Daily Market Notes - June 21, 2024

The discrepancy between the Nasdaq and the Dow got to such extremes that some sort of correction was inevitable, so after the latter started out with a fast 56 point decline and the former began 74 points higher, things reversed course dramatically and ended with the Dow closing 300 points higher to 39,134 and the Nasdaq ending lower for a 140 selloff down to 17, 721 as that stock which begins with an “N” began higher at a new record of 140.76 and then reversed course downward to end at 130.78 on huge volume of 500 million shares.
Donald Selkin, Chief Market Strategist
June 21, 2024
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5 min read

Daily Market Notes - June 20, 2024

The staggering run for NVDA stock carried it to the market’s mountaintop Tuesday, as it became the most valuable company in the S&P. Stock indexes, meanwhile, ticked to more records following the latest signal that the U.S. economy’s growth may be slowing without cratering.
Donald Selkin, Chief Market Strategist
June 20, 2024
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5 min read

Daily Market Notes - June 18, 2024

Same old, same old story as after a lower start, the market followed the recent pattern of ending higher as both the S&P and Nasdaq achieved further record high closes once again.
Donald Selkin, Chief Market Strategist
June 18, 2024
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5 min read

Daily Market Notes - June 7, 2024

After setting an all-time high for the 25th time this year, the S&P ended slightly lower by 1 point to 5353. NVDA turned an opening gain of 33 points into a fast negative situation and could not get it together and ended down a bit, which threw this index off as well.
Donald Selkin, Chief Market Strategist
June 7, 2024
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5 min read

Daily Market Notes - June 6, 2024

Unlike the prior three days when the market started out lower and then made strong late closing rallies, yesterday saw the old-fashioned scenario where things open higher and then just kept going into the close, and in the process both the S&P and the Nasdaq made record finishes, so how do you like that?
Donald Selkin, Chief Market Strategist
June 6, 2024
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5 min read

Daily Market Notes - June 5, 2024

This is getting to be habit-forming as for the third straight day, the major indices rallied from early afternoon lows to finish higher again, but continuing the recent pattern, breadth numbers were negative as it was mainly the strong traditional leaders that led the way higher.
Donald Selkin, Chief Market Strategist
June 5, 2024
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5 min read

Daily Market Notes - June 4, 2024

The market did not quite do what it did very late Friday afternoon, but was able to turn large intraday losses around 1pm into more respectful closes to start the new month of June yesterday.
Donald Selkin, Chief Market Strategist
June 4, 2024
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5 min read

Daily Market Notes - June 3, 2024

The market action on Friday had absolutely nothing to do with the closely-watched P.C.E. report that was released in the morning as after having been down in the S&P and Nasdaq, both came roaring back very late with 20 minutes to go in an astounding comeback from the day’s lows which were there in place for most of the session.
Donald Selkin, Chief Market Strategist
June 3, 2024
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5 min read

Daily Market Notes - May 31, 2024

In a really strange day for the overall market, most stocks rose yesterday but the three major indices all got knocked sharply lower due to the overweight influence of the largest contributors to those indices.
Donald Selkin, Chief Market Strategist
May 31, 2024
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5 min read

Daily Market Notes - May 30, 2024

The market could not get over the negative effects of higher interest rates on Wednesday and ended sharply lower with a very late selloff adding to the downside pressure.
Donald Selkin, Chief Market Strategist
May 30, 2024
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5 min read

Daily Market Notes - May 29, 2024

What kind of gave things away to some extent was the fact that even as the major indices all opened higher, except for the Dow, the VIX immediately jumped positive and went higher as the session moved along even as things sort of ended mixed to steady at the end.
Donald Selkin, Chief Market Strategist
May 29, 2024
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5 min read

Daily Market Notes - May 28, 2024

After Thursday’s downside disaster, the market was able to bounce back from its worst showing this month and end with gains on Friday. In the process, the S&P advanced 37 points to 5304 and won back all its losses from the prior two days and was able to eke out a small gain for the week, which extended its positive streak to five in a row. It now sits just below its record all time high from last Tuesday and was led by a new high in NVDA after its blowout earnings report.
Donald Selkin, Chief Market Strategist
May 28, 2024
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5 min read

Daily Market Notes - May 24, 2024

In what I said would be the second most important event this week after the minutes of the latest Fed meeting yesterday, which did the market little good, NVDA exploded upward after its report last night but unfortunately another unexpected event knocked the market downward yesterday for the worst Dow performance since March 2023 as all 30 members ended lower, which does not happen that often.
Donald Selkin, Chief Market Strategist
May 24, 2024
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5 min read

Daily Market Notes - May 23, 2024

I had said at the Monday morning meeting that the two major events this week affecting the market would be the minutes from the last F.O.M.C. meeting yesterday at 2pm and then the release of the NVDA earnings after the close.
Donald Selkin, Chief Market Strategist
May 23, 2024
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5 min read

Daily Market Notes - May 22, 2024

Another day, another dollar as after a lower start for the major indices, they continued to grind higher and in the process new records for both the S&P and Nasdaq were attained.
Donald Selkin, Chief Market Strategist
May 22, 2024
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5 min read

Daily Market Notes - May 21, 2024

Well, easy come, easy go – as after the Dow reached a new round number of 40,000 last Friday, it began the day higher and got to a mid-morning gain of 74 points before selling in a number of issues, namely the recently strong financials, turned things around in this one and it ended with a large decline of 197 to 39,806. The downside culprits were JPM in particular on some negative comments from its C.E.O. and the intimation that he was going to retire, in addition to other financials such as GS, TRV plus HD, MCD and UNH, all of which had done well lately.
Donald Selkin, Chief Market Strategist
May 21, 2024
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5 min read

Daily Market Notes - May 20, 2024

The Dow Jones Industrial Average closed above 40,000 late on Friday, the latest jump in what has been a surprisingly good year for the market. But just like New Year’s represents an arbitrary point in time in the Earth’s revolution around the sun, such milestones for the Dow don’t mean much inherently.
Donald Selkin, Chief Market Strategist
May 20, 2024
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5 min read

Daily Market Notes - May 16, 2024

Well, well, well – and how many times did investors over the years sell out of these main indices because of a bearish situation, only to find out that guess what – they all ended higher than ever before yesterday. It sort of reminds one of the situation here the Dow ended “Black Monday” October 19, 1987 at 1,800 and never closed lower than that on its way to almost 40,000 at the present time. So this begs the question of why does a person ever sell on these bearish patterns when one knows that over time these indices do tend to reach record highs?
Donald Selkin, Chief Market Strategist
May 16, 2024
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5 min read

Daily Market Notes - May 15, 2024

After a mostly lower situation in the early afternoon, stocks made a nice rally to finish out another winning session and in the process the Nasdaq reached an all-time high best ever level.
Donald Selkin, Chief Market Strategist
May 15, 2024
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5 min read

Daily Market Notes - May 14, 2024

I had pointed out during the Monday morning meeting that it was unusual to see the various stock index futures higher and the pre-opening on the VIX higher as well, but on the other hand, the VIX close on Friday at 12.55 was getting it close to support levels in any event.
Donald Selkin, Chief Market Strategist
May 14, 2024
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5 min read

Daily Market Notes - May 13, 2024

The market continued its latest winning streak on Friday, as the Dow ended higher for the eighth straight day and up for four straight weeks. It finished with a gain of 125 to 39,512 led by advances in AXP, CAT, MCD and UNH and haven’t we seen the first two on the leaderboard list consistently on these higher sessions.
Donald Selkin, Chief Market Strategist
May 13, 2024
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5 min read

Daily Market Notes - May 10, 2024

The major indices surged, with the Dow marking its seventh straight session of gains, driven by strong performances from AMGN, CAT, GS, and HD. The S&P 500 climbed within 1% of its all-time high, led by financials and tech leaders. The Nasdaq followed suit, with AMZN reaching a new peak. Despite no major catalyst, rising jobless claims suggested a balanced economy, reducing recession fears. Notable stock moves included gains for EQIX, YETI, and CAKE, while ABNB and BYND faced declines. Treasury yields fell, reflecting expectations of Fed rate cuts. International markets saw mixed results, with European indices rising and Asia showing varied performance.
Donald Selkin, Chief Market Strategist
May 10, 2024
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5 min read

Daily Market Notes - May 9, 2024

In a relatively calm session, major indices closed mixed within tight ranges. The Dow continued its streak with a 172-point gain to 39,058, driven by AMGN, BA, GS, and JPM. The S&P 500 achieved the rare feat of closing unchanged at 5,187, supported by technology and financial stocks. The Nasdaq dropped 29 points to 16,302 due to weaknesses in TSLA, NVDA, GOOG, and AMZN, while the Russell 2000 fell by 9 points to 2,055. The VIX declined to 13.00, nearing its support level of 12.40. Notable stock moves included a 6% slump in UBER and an 18% drop in SHOP, while LYFT gained 7% and ANET climbed 6%. Treasury yields showed slight increases, reflecting ongoing market dynamics and Fed expectations.
Donald Selkin, Chief Market Strategist
May 9, 2024
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5 min read

Daily Market Notes - May 8, 2024

Markets saw minimal movements but maintained a generally positive trend. Mild gains in the Dow and S&P were offset by slight losses in the Nasdaq, reflecting a mixed response to varying performance across sectors. Stability in the bond market and ongoing corporate earnings reports continue to influence market sentiment, suggesting cautious optimism among investors.
Donald Selkin, Chief Market Strategist
May 8, 2024
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5 min read

Daily Market Notes - May 7, 2024

The stock market exhibited robust gains, with the Dow Jones increasing by 176 points and significant rises in the S&P 500 and Nasdaq, driven by strong technology sector performances. Investor optimism was reinforced by better-than-expected corporate earnings and a favorable jobs report, suggesting the U.S. economy might avoid a severe recession while managing inflation. This outlook influenced stable bond market yields and growing expectations for potential Federal Reserve rate cuts later in the year.
Donald Selkin, Chief Market Strategist
May 7, 2024
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5 min read

Daily Market Notes - May 6, 2024

The stock market experienced significant gains, with major indices like the Dow, S&P 500, and Nasdaq posting robust advances, driven by positive earnings and a favorable employment report suggesting easing inflationary pressures. The cooler-than-expected job growth, accompanied by modest wage increases, indicated a potential slowdown in economic activity, aligning with the Federal Reserve's goal of achieving a "soft landing" for the economy. This has led to decreased Treasury yields and bolstered hopes for a possible reduction in interest rates later in the year, fostering a positive outlook among investors.
Donald Selkin, Chief Market Strategist
May 6, 2024
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5 min read

Daily Market Notes - May 3, 2024

The stock market recovered from its previous losses, holding onto its gains with significant advances in major indices like the Dow, S&P 500, and Nasdaq, driven by positive earnings reports from companies like AAPL, AMZN, and QCOM. The jobs report showed weaker than expected job creation, maintaining a low unemployment rate, which, combined with mixed economic signals, suggests ongoing cautiousness about inflation and economic growth. These market movements reflect a complex interplay of corporate performance and economic indicators influencing investor sentiment.
Donald Selkin, Chief Market Strategist
May 3, 2024
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5 min read

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