1/30/2023 - Friday’s session was an extension of what we’ve seen this
year, save for the big move lower in Energy (XLE). Utilities
(XLU), Health Care (XLV), and Consumer Staples (XLP) are
down as Consumer Discretionary (XLY), Technology (XLK), and
Communication Services (XLC) names are higher.
On the
week, tech names dazzled, and they still have a ton
of room on the upside, although they are short-term
overbought....
Payne's Perspective: January 17, 2023: Heck of a Start
1/17/2023 By Charles Payne CEO & Principal AnalystAfter stumbling out of 2022 looking completely defeated, the market has turned a new leaf with the New Year. But it’s more than just a hunch or pure speculation – key signs are improving. For the week, nine out of eleven sectors were higher. Right now, January is living up to the hype of being the
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