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.
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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 |
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 |
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