Afternoon Note
The market continues with last week’s rally with leadership spread across several sectors, reflecting bottom fishing. All the big winners are names that heretofore were under pressure and off all-time highs.
Technology
Consumer Discretionary
Financials
Industrials
Communication Services
+0.95% |
||
+0.78% |
||
+1.60% |
||
-0.05% |
||
+0.77% |
||
+1.49% |
||
+0.08% |
||
+1.04% |
||
+0.38% |
||
-0.61% |
||
+1.80% |
||
-0.38% |
The rally is giving up some gains on headlines that House Judiciary Chairman, Jerry Nadler, announced a deal with the Justice Department to receive some documents from the Mueller Report related to obstruction of justice.
I don’t think we are at a Constitutional crisis, but this kind of news has led to wild speculation in the past. It keeps alive a topic most Americans and Wall Street believe has been adjudicated. For now, the bias is to the upside, and the pressure is on money manager and fence-sitters to make moves.
The big theme of the session is caution via stock selection – value before momentum.
Comments |
Hopefully the voting majority will realize the Dems have no plan for governing or advancing this incredible economy, only to be obstructionists. Any common sense individual would abandon this relentless pursuit of unwarranted charges against our President, but then again, common sense has never been their forte. Philip Morris on 6/10/2019 2:15:57 PM |
there are certainly Democrats that would intentionally damage the economy going into 2020 they will not succeed otherwise it's the unintentional damage they do everyday that bothers me.... gw on 6/10/2019 3:49:44 PM |
The longer they Keep this up the better and easier it will be to win! Paul on 6/11/2019 6:52:20 AM |
The longer they continue to attack this way the easier it will be to win! Paul on 6/11/2019 6:58:19 AM |
Tweet |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
3/12/2024 9:25 AM | ROTATION IN FULL SWING |
3/11/2024 1:41 PM | Sharpening Pencils |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|