Afternoon Note
This morning, I thought Healthcare would be the big winner, but the sector is lower (big pharma is lower and offsetting health insurers) along with Materials, Real Estate and Utilities. It stands to reason, as some money is coming out of safe-haven sectors and investors continue to chase technology.
S&P 500 Index |
+0.23% |
|
Communication Services (XLC) |
+0.18% |
|
Consumer Discretionary (XLY) |
+0.49% |
|
Consumer Staples (XLP) |
0.00% |
|
Energy (XLE) |
+0.05% |
|
Financials (XLF) |
+0.39% |
|
Health Care (XLV) |
-0.24% |
|
Industrials (XLI) |
+0.60% |
|
Materials (XLB) |
-0.16% |
|
Real Estate (XLRE) |
-1.20% |
|
Technology (XLK) |
+0.61% |
|
Utilities (XLU) |
-0.20% |
The big winner are transportation stocks with the Dow Transportation Index up 1.6%. Of course, this area has been a major loser, but earnings from Delta (DAL) and a bounce in railroad names is attracting bargain hunters.
DJT
Still Cautionary Tone
The market is still a long ways from euphoric and earnings expectations are as dire as I’ve seen in a long time. Moreover, I still think many investors are underestimating this new Fed and the driving motivation for policy. In addition, observers of the rally continue to underplay its potential. I love that, but I am sorry that such non-stop chatter has kept so many people out of the market.
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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 |
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