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Afternoon Note

Government Working

By Charles Payne, CEO & Principal Analyst
1/22/2018 1:19 PM

Stocks are edging higher as word the shutdown has been shut down, and the government is open for business again.  Hooray.  To a large degree, this theater is the ultimate insult to Americans paying through the nose for a bloated government that has morphed into a giant entity that only seeks its own survival.  I think Americans would like to see a resolution on DACA, an infrastructure deal, better border security (including a wall) and broad prosperity. 

Haliburton’s strong earnings is propelling energy higher, along with technology, which is on auto-pilot. 

S&P 500 Index

 

+0.46%

Consumer Discretionary (XLY)

 

+0.60%

Consumer Staples (XLP)

 

+0.45%

Energy (XLE)

 

+1.39%

Financials (XLF)

 

+0.28%

Health Care (XLV)

 

+0.31%

Industrials (XLI)

-0.14%

 

Materials (XLB)

-0.43%

 

Real Estate (XLRE)

 

+0.72%

Technology (XLK)

 

+0.65%

Utilities (XLU)

  +0.78%
 

At midday, advancers outpace decliners 1716/1176 on the NYSSE and 1436/1367 on the Nasdaq.

 


Comments
Charles, I just figured out the Dems' immigration thinking. No more people from Italy, Cavuto, Gasparino, enough, England, Varney, Webster, enough, Ireland, E. Mac., etc. I think you can fill in the blanks and maybe have fun with it. Big fan.

Joe Thummel on 1/25/2018 8:01:59 PM
 

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