Afternoon Note
It's been tough sledding all session long as the market has grappled with a variety of issues, few of which have readily available solutions. But, I think the main issue driving the market lower is not a lack of solutions but a lack of will power. Congress has failed, and there is little hope they can or will get their act together particularly with so many pending issues.
Goldman is getting slammed, as the smartest guys in the room have also lost trust they have a viable game plan. The stock has slipped under it's 50 and 200-day moving average (exponential) and must make a stand or could fall under $200.00 a share. Energy is higher but has been range-bound for months.
Sector Performance |
% Change |
|
---|---|---|
-0.90% |
||
-0.64% |
||
-0.13% |
||
+0.25% |
||
-1.98% |
||
-0.59% |
||
-0.92% |
||
-0.72% |
||
-0.39% |
||
-1.17% |
||
+0.16% |
Board Market
All the major equity indices are holding above their 200-day moving average, but it's clear there will be no savior today, and more than likely, selling only stops when the closing bell rings.
Once again, this isn’t panic selling, but it’s a statement to powers that be to get their collective act together. So, we sit and wait to see what a mad man does in North Korea and what feckless men do in Washington, D.C.
Comments |
I loved your last comment. It simply says it all. I cannot call the people in Congress leaders, or effective elected officials, or perceptive movers or shakers, or even good managers. I just call them people or elected officials who pass laws that don't pertain to themselves. i.e. feckless...perfect! Gary Dayon on 9/5/2017 8:44:48 PM |
Tweet |
7/15/2025 1:35 PM | Semis Rise & Banks Slide |
7/15/2025 10:13 AM | THE CURIOUS CASE |
7/14/2025 1:32 PM | Decisive Week |
7/14/2025 9:32 AM | GET READY! |
7/11/2025 1:45 PM | Facing Pressure |
7/11/2025 9:48 AM | CLEAR FOR TAKEOFF |
7/10/2025 1:53 PM | Small Caps Rally |
7/10/2025 9:56 AM | ENOUGH ZEN TO SHARE |
7/9/2025 1:32 PM | NVDA New Milestone |
7/9/2025 9:46 AM | PASSING THE BATON |
7/8/2025 1:33 PM | Seesaw Session |
7/8/2025 9:55 AM | MORE SUMMER BLAHS THAN FEAR OF MYANMAR'S TARIFF |
7/7/2025 1:27 PM | Trade Talks and Profit Taking |
7/7/2025 9:51 AM | LOVING MOOD |
7/3/2025 9:45 AM | NICE & STEADY AS SEMIS CONTINUE TO CHIP IN |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|