Afternoon Note
It’s been tough sledding out the gate, and there has been nowhere to hide in the stock market, as all sectors are lower. On a granular level, there is interesting action in many oversold names. Moreover, the market is reacting logically considering the risks and worries about the outcome of this week’s trade meeting. I read that as a positive.
If the Dow Jones Industrial Average was down 500 points, would anyone raise an eyebrow? It would be chalked up to headlines and the never-ending financial media’s search and promotion of recession (it’s been really embarrassing today).
S&P 500 Index |
-1.14% |
Communication Services (XLC) |
-1.17% |
Consumer Discretionary (XLY) |
-0.60% |
Consumer Staples (XLP) |
-0.67% |
Energy (XLE) |
-1.27% |
Financials (XLF) |
-1.54% |
Health Care (XLV) |
-1.79% |
Industrials (XLI) |
-1.13% |
Materials (XLB) |
-1.60% |
Real Estate (XLRE) |
-0.38% |
Technology (XLK) |
-1.08% |
Utilities (XLU) |
-0.57% |
I think there will be news that rallies the market at the conclusion of the trade meeting, and all the pre-meeting hubris is par for the course.
Tweet |
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 |
6/17/2025 1:26 PM | Tension Continues |
6/17/2025 9:50 AM | THE BIG TECH TEN & CO |
6/16/2025 1:34 PM | Fears Subside |
6/16/2025 9:44 AM | DRUMBEATS OF PEACE |
6/13/2025 1:30 PM | Showing Resilience |
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