Afternoon Note
It’s a quiet session, but it got a little more exciting with reports Boeing (BA) will have its maligned 737 Max back in service early next year.
Overall market breadth is negative, and the board market is slightly lower which isn’t a cause for concern. On the contrary, we want the market to take naturally recurring pauses and small pullbacks rather than rally each day out of sense of excessive exuberance.
S&P 500 Index |
-0.23% |
|
Communication Services (XLC) |
-0.54% |
|
Consumer Discretionary (XLY) |
-0.37% |
|
Consumer Staples (XLP) |
-0.21% |
|
Energy (XLE) |
-0.13% |
|
Financials (XLF) |
-0.17% |
|
Health Care (XLV) |
-0.54% |
|
Industrials (XLI) |
+0.09% |
|
Materials (XLB) |
-0.27% |
|
Real Estate (XLRE) |
+0.05% |
|
Technology (XLK) |
+0.02% |
|
Utilities (XLU) |
-0.57% |
There are a few more earnings report this week and the market may be looking past them for different impetus.
I suspect before the week is over there will be more clarity on the next move in US – China trade talks. That might unlock some cash on the sidelines. Either way, the bias is still to the upside and the greater risk is to continue to miss the rally.
Tweet |
4/25/2024 1:16 PM | Don't' Bury me, Yet! |
4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
4/24/2024 1:30 PM | Earnings Flood In |
4/24/2024 9:26 AM | BUYING THE DIP |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
4/12/2024 1:37 PM | Pressure Overall |
4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
4/11/2024 9:27 AM | Tough Sledding |
4/10/2024 1:22 PM | Hang In There |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
4/9/2024 1:56 PM | Fighting the Trend |
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