Afternoon Note
It’s not a surprise the big start to the session has given up ground to profit-taking and maybe some short reloading. Of course, the shorts must work harder after last week, when we saw less market pressure from the Federal Reserve and now on the China trade dispute.
Larry Kudlow says we should see immediate changes in China purchases from the United States and many are wondering if that means soybeans and agricultural products. There is no doubt farmers have been targeted by China and yet there are reports of major pent-up demand in China which would make tariff relief a win-win.
The trade dispute isn’t over but there are reasons for optimism even as the naysayers continue to cast doubt.
The big winners today including “China plays” stocks of companies that do business in China and/or manufacture in China:
Consumer Discretionary
Tech
Industrials
+0.75% |
|
+0.64% |
|
+1.60% |
|
-0.69% |
|
+1.51% |
|
+0.37% |
|
-0.62% |
|
+1.08% |
|
+1.08% |
|
-0.15% |
|
+1.50% |
|
+0.13% |
Today’s close is going to be very intriguing because the pendulum of panic shifted to buy last week and there is a ton of cash on the sidelines right now.
Tweet |
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 |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
6/23/2025 1:47 PM | Getting Some Resolve |
6/23/2025 9:51 AM | BRACING |
6/20/2025 1:29 PM | Second Triple Witching |
6/20/2025 9:38 AM | POWELL BLEW IT |
6/18/2025 12:41 PM | FED Day |
6/18/2025 9:45 AM | ROOM WITH A VIEW |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|