Afternoon Note
It’s been an interesting session, sort of like whack-a-mole where every time the market creeps into positive territory, sellers emerge whacking the major indices lower. On the flip side, just when the market looks vulnerable to the downside, buyers emerge. Overall, sellers are more motivated than sellers, but it feels like most market participants are waiting for signs.
There are lots of intriguing individual stories.
More broadly, buyers have flocked to equity safe havens, including Consumer Staples (no matter what we have to eat). Look at these gains for the year – nobody would believe:
S&P 500 Index |
-0.24% |
|
Communication Services (XLC) |
-0.52% |
|
Consumer Discretionary (XLY) |
-0.07% |
|
Consumer Staples (XLP) |
+0.22% |
|
Energy (XLE) |
-1.20% |
|
Financials (XLF) |
-0.99% |
|
Health Care (XLV) |
+0.23% |
|
Industrials (XLI) |
-0.03% |
|
Materials (XLB) |
+0.16% |
|
Real Estate (XLRE) |
+0.33% |
|
Technology (XLK) |
-0.57% |
|
Utilities (XLU) |
+1.35% |
This is one of those sessions where I encourage investors to go outside and enjoy the great weather – after watching Making Money with Charles Payne on Fox Business Network.
Tweet |
4/26/2024 9:39 AM | BIG TECH STEPS UP |
4/25/2024 1:16 PM | Don't' Bury me, Yet! |
4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
4/24/2024 1:30 PM | Earnings Flood In |
4/24/2024 9:26 AM | BUYING THE DIP |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
4/12/2024 1:37 PM | Pressure Overall |
4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
4/11/2024 9:27 AM | Tough Sledding |
4/10/2024 1:22 PM | Hang In There |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
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