Afternoon Note
The markets opened in the green and it has been straight up from there. Investors are cheering the latest on the trade deal, and China and the U.S. agreeing to remove some the existing tariffs in stages. The Dow is up close to 1%, the Nasdaq up .72% and S&P 500 up .55%, and all are in record territory.
There has been the typical rotation out of the safe haven Consumer Staples, Real Estate and Utilities into Energy, Financials, and Technology. Today, all the FAANG stocks are participating in the rally.
S&P 500 Index |
+0.55% |
|
Communication Services (XLC) |
+1.21% |
|
Consumer Discretionary (XLY) |
-0.25% |
|
Consumer Staples (XLP) |
-0.34% |
|
Energy (XLE) |
+1.24% |
|
Financials (XLF) |
+1.25% |
|
Health Care (XLV) |
+0.16% |
|
Industrials (XLI) |
+0.71% |
|
Materials (XLB) |
+0.61% |
|
Real Estate (XLRE) |
-1.22% |
|
Technology (XLK) |
+1.19% |
|
Utilities (XLU) |
-1.78% |
The travel stocks however are taking a big hit as Expedia (EXPE) and Trip Advisor (TRIP) disappointed on earnings and are taking stocks like Booking Holdings (BKNG), which is schedule to report tonight after the bell, with it. The stock rallied on three of the last four quarters earnings (Q418 lowered guidance). We like the earnings consensus trends on BKNG.
Treasuries are on the move, with the 2-year yield at 1.699% and the benchmark 10 year yield up 15 basis points to 1.96%. The greenback is up 0.3% to 98.23.
Tweet |
7/18/2025 1:14 PM | Consumer Tariff Worries Subside |
7/18/2025 9:45 AM | America is in Play |
7/17/2025 1:27 PM | Extreme Greed Resumes |
7/17/2025 10:15 AM | A Fundamental Move |
7/16/2025 1:39 PM | Market Gyrations |
7/16/2025 9:44 AM | THE MAG ONE (NVDA) |
7/15/2025 1:35 PM | Semis Rise & Banks Slide |
7/15/2025 10:13 AM | THE CURIOUS CASE |
7/14/2025 1:32 PM | Decisive Week |
7/14/2025 9:32 AM | GET READY! |
7/11/2025 1:45 PM | Facing Pressure |
7/11/2025 9:48 AM | CLEAR FOR TAKEOFF |
7/10/2025 1:53 PM | Small Caps Rally |
7/10/2025 9:56 AM | ENOUGH ZEN TO SHARE |
7/9/2025 1:32 PM | NVDA New Milestone |
7/9/2025 9:46 AM | PASSING THE BATON |
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 |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|