11/15/2021
By Charles Payne CEO & Principal Analyst

It was an intriguing week that saw the market tested and come back nicely. The market was off for the week, but it could have been a lot worse. Instead, we saw where Tesla (TSLA) has officially become the most important stock in the market, wrestling that distinction from Amazon (AMZN), which has been mostly a spectator in this year’s rally.

It was feast or famine with monster declines:

• (XLY) Consumer Discretionary: -3.54%
• (XLE) Energy: -1.22%
• (XLU) Utilities: -0.85%

Materials (XLB) +2.60 was the only sector that had a meaningful pop ahead of today’s signing of the infrastructure bill.

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

Charles Payne
Wall Street Strategies

Add a Comment!