Afternoon Note
The market can go higher and get cheaper at the same time and the extreme fear can move to neutral. But when the latter moves too fast to the left (toward fear), it is not about the market, often it's about other things.
I say let's ride the wave - we came into today's session one hundred percent vested in the model portfolio - but we must be aware that part of this story will fizzle.
Also, I'm becoming more concerned about the Fed’s credibility. Dallas Fed President Lorie Logan said it's too soon to consider cutting rates and even suggested borrowing costs may not be holding back the economy – that’s sensible to me but would Powell admit as much?
Mega cap stocks are driving today’s gains. The biggest gainers are in Industrial and Technology.
Have a great weekend.
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9/20/2024 1:07 PM | Taking a Breather |
9/20/2024 9:35 AM | RATE CUT EUPHORIA |
9/19/2024 1:25 PM | Rate Cut Rally |
9/19/2024 9:29 AM | …HE’S A DEMON ON WHEELS |
9/18/2024 1:19 PM | Fed Time |
9/18/2024 9:45 AM | WHEN ELASTICITY IS YOUR SUPERHERO STRENGTH |
9/17/2024 1:23 PM | FOMC Anticipation |
9/17/2024 9:33 AM | RALLY GAINING CONFIDENCE |
9/16/2024 1:19 PM | Changing of the Guard |
9/16/2024 10:14 AM | STOCK MARKET ROARS INTO RATE CUTS |
9/13/2024 1:00 PM | Picking Up Momentum |
9/13/2024 9:48 AM | SUPERHEROES |
9/12/2024 1:02 PM | Small Caps Take The Lead |
9/12/2024 9:55 AM | TECH SAVES THE DAY |
9/11/2024 1:05 PM | CPI Fears |
9/11/2024 9:57 AM | THE ECONOMY IS UNWELL |
9/10/2024 1:17 PM | Sea of Red |
9/10/2024 9:54 AM | FEELING BUSHWACKED |
9/9/2024 1:12 PM | A Green Monday |
9/9/2024 9:43 AM | WHATEVER, JANET |
9/6/2024 1:27 PM | Topsy-Turvy Market |
9/6/2024 9:49 AM | ALL HELL TO BREAK LOOSE |
9/5/2024 1:34 PM | Lacking Conviction |
9/5/2024 10:07 AM | LOOKING FOR MOXIE |
9/4/2024 1:34 PM | Cooling Down |
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