Afternoon Note
This morning’s inflation print is making for a real humdinger of a day. The right names are higher, and the market is feeling more jovial.
Advancers lead decliners by a greater than a 11 to 1 margin at the NYSE and 4 to 1 at the Nasdaq.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
2,626 |
3,258 |
Decliners |
247 |
888 |
New Highs |
109 |
123 |
New Lows |
15 |
123 |
Up Volume |
2.00 billion |
2.25 billion |
Down Volume |
227.5 million |
701.5 million |
Fed Fund futures now show a 30% chance of a rate cut in March, and a 4.8% chance of a hike in December - it was 18% a couple of weeks back.
Assets are mostly up across the board, as this morning’s inflation report showed that inflation is moving in the right direction.
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5/17/2024 1:45 PM | Near Record Highs |
5/17/2024 9:31 AM | DIFFERENT VALUATION METRICS |
5/16/2024 1:23 PM | Dow 40,000 |
5/16/2024 9:40 AM | AUTOPILOT FEELS SO GOOD |
5/15/2024 1:53 PM | New Hope |
5/15/2024 9:41 AM | CHAMPING AT THE BIT (INVESTORS BEGINNING TO CHASE) |
5/14/2024 1:24 PM | Small Moves |
5/14/2024 9:22 AM | Marking Time |
5/13/2024 1:37 PM | Snuffed Out |
5/13/2024 9:37 AM | BRACING FOR MORE INFLATION DATA |
5/10/2024 1:23 PM | Cold Water |
5/10/2024 9:58 AM | IN TUNE |
5/9/2024 1:09 PM | Disconnect |
5/9/2024 9:39 AM | THE SEVENTH (TRADING) DAY OF MAY |
5/8/2024 1:49 PM | Mixed Note |
5/8/2024 9:37 AM | CHANGING NARRATIVES |
5/7/2024 1:50 PM | Building Gains |
5/7/2024 9:36 AM | HOPING MICKEY SAVES THE DAY |
5/6/2024 1:59 PM | Rate Cut Hopes |
5/6/2024 9:17 AM | LOOKING FOR MOMO TO KICK BACK IN |
5/3/2024 1:41 PM | Cheering the News |
5/3/2024 7:33 AM | TIM COOKS THE (RECORD) BOOKS |
5/2/2024 1:54 PM | Holding Up |
5/2/2024 9:41 AM | COOL HAND POWELL |
5/1/2024 1:22 PM | Which Powell? |
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