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Afternoon Note

Leading Role

By Charles Payne, CEO & Principal Analyst
2/13/2019 1:22 PM
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It’s not a bellwether stock, even in its own industry, but that 25% move in Lattice Semiconductor (LSCC) is influencing chip stocks, which had already been on the march.   The semis seem to have a date with the old high point, and will perhaps cement its role in leading technology, which must play a role in leading the board market.

Meanwhile, we are all waiting to see how the White House receives the border deal crafted by Congress, as President Trump continues to voice his displeasure.

I think it gets signed, however.

Then, it will be back to the China trade talks, which are shaping up to eventually be a good news event.  Wall Street just wants it done, but Main Street is excited about returning factories and no further erosion of their industrial footprint, which has defied the experts with its renaissance.

It feels weird having quiet sessions, but these happen, and don’t think they aren’t sending a message as well.  After a monster rally, any kind of stall or pullback is a great excuse to sell and most investors that are sitting on big gains are holding for now. 

 


 

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