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Payne's Perspective: March 8, 2021: Follow the Crazy Bouncing Ball

By Charles Payne CEO & Principal Analyst

When I was a kid, I loved those crazy balls. They were thrown against a wall without any idea how they would bounce, unlike a baseball or basketball. They reacted more like footballs, except they were round, which made them so disconcerting, and so much fun.

I’m sure most investors do not think the wild gyrations of the past two weeks were as fun. But like those superballs of my youth, it will help with your agility, and it gets investors to broaden their mindset concerning directional moves, macro inputs, and how to react when things go haywire.

Message of the Market

For the week, the S&P 500 edged higher paced by -as opposed to powered by (see below) the Energy sector, which continues its dazzling performance.

Financials continue to live up to the hype as higher rates improve business conditions and margins.  Industrials and Materials are edging higher, in part to greater anticipation of a large infrastructure bill.

As we headed into 2021, the Energy sector was less than 3% of the overall weight (influence) of the S&P 500. Financials have more clout, but overall, you can see why it’s difficult for the index to move higher without Technology, Consumer Discretionary, and Communication Services.

To read the full report, contact your account representative or email Research@wstreet.com

Charles Payne
Wall Street Strategies


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