Afternoon Note
It’s a great session for market, but not because major indices are higher, but because the market continues to power higher despite daily calls of doom and gloom. There is no irrational exuberance, but one could ask if investors have been irrationally pessimistic.
Not only has the market rallied higher, it continues to do so without the lead from growth and momentum names, which are actually anchoring today’s performance after Goldman Sachs (GS) issued a warning about the toll of increased regulations and antitrust investigations.
“Our previous research showed that antitrust lawsuits typically take years to resolve but ultimately result in lower valuation between lawsuit filing and resolution and slower sales growth following resolution.” Chief Equity Strategist David Kostin.
The firm sees both political parties taking aim at this companies and holding back stock performance.
S&P 500 Index |
+0.62% |
|
Communication Services (XLC) |
-0.08% |
|
Consumer Discretionary (XLY) |
+0.46% |
|
Consumer Staples (XLP) |
-0.13% |
|
Energy (XLE) |
+1.74% |
|
Financials (XLF) |
+1.10% |
|
Health Care (XLV) |
+0.62% |
|
Industrials (XLI) |
+1.57% |
|
Materials (XLB) |
+1.17% |
|
Real Estate (XLRE) |
-1.12% |
|
Technology (XLK) |
+0.44% |
|
Utilities (XLU) |
-0.05 |
Conversely, semiconductors are killing it- led today by one of my old favorites Qorvo (QRVO) +19%.
Tweet |
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 |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|