Afternoon Note
The market is meandering, but the bias is still to the upside. There is lots of news and movement on big issues, but there is not a lot of resolutions. Moreover, the bears are making a stand, as major indices get less than one percent away from new all-time high points.
Weed stocks are intriguing on the one-year anniversary of legalization in Canada. They came out the gate strong but are fading. These stocks have gone up in smoke, and at some point, they will be buys. For now, I think they are trades.
Overall, the market is doing better than the stalled moves in the indices would suggest, but there is caution is the air.
|
S&P 500 Index |
+0.25% |
|
|
Communication Services (XLC) |
+0.39% |
|
|
Consumer Discretionary (XLY) |
+0.23% |
|
|
Consumer Staples (XLP) |
+0.61% |
|
|
Energy (XLE) |
-0.09% |
|
|
Financials (XLF) |
+0.02% |
|
|
Health Care (XLV) |
+0.85% |
|
|
Industrials (XLI) |
+0.69% |
|
|
Materials (XLB) |
+0.33% |
|
|
Real Estate (XLRE) |
+0.79% |
|
|
Technology (XLK) |
-0.48% |
|
|
Utilities (XLU) |
+0.23% |
| Tweet |
| 9/17/2026 1:29 PM | Bounce Back Thursday |
| 9/17/2026 9:45 AM | TIME FOR WARSH TO LEARN BLACKJACK AND BOXING |
| 9/16/2026 1:19 PM | Setting the Stage |
| 9/16/2026 9:37 AM | WILL WARSH BLINK? |
| 9/15/2026 1:39 PM | Tough Tuesday |
| 9/15/2026 9:39 AM | DOOMSDAY POSTPONED |
| 9/14/2026 1:23 PM | AI Slowdown, Yields Surge |
| 9/14/2026 9:56 AM | AI DOOM DOMINATED THE WEEKEND |
| 9/11/2026 1:23 PM | Staging a Rebound |
| 9/11/2026 9:41 AM | Monumental Tech Momentum Decline |
| 9/10/2026 1:20 PM | Choppy Action |
| 9/10/2026 9:32 AM | CALLING BESSENT'S BLUSTER |
| 9/9/2026 1:34 PM | Busy Wednesday |
| 9/9/2026 9:35 AM | Al KILLER TRADE IS BACK |
| 9/8/2026 1:09 PM | Mixed Start to the Week |
| 9/8/2026 9:21 AM | SHORT WEEK BUT LONG WAIT FOR CPI |
| 9/4/2026 1:28 PM | Taking Some Momentum Out |
| 9/4/2026 9:34 AM | THE STAGE IS SET |
| 9/3/2026 12:59 PM | Yields Inch Lower |
| 9/3/2026 9:29 AM | IS SMART MONEY BUYING? |
| 9/2/2026 1:37 PM | Wednesday Winds Back |
| 9/2/2026 9:15 AM | MARKET EDGING TOWARD PANIC |
| 9/1/2026 1:24 PM | Yields and Oil Weigh on Stocks |
| 9/1/2026 9:35 AM | STEALTH FISHING IN BIG NAMES |
| 8/31/2026 1:22 PM | Monday’s Market |
| More commentary archives | |
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