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Morning Commentary

A Pause Then

By Charles Payne, CEO & Principal Analyst
11/18/2019 9:21 AM

Year to Date

Its interesting that health care was the best performer in the market last week considering more action from the administration to curb drug prices.  Conservative sectors did very well and technology got a major boost from semiconductors.

Five Day Returns Results

S&P 500 Index

+0.89%

 

Communication Services (XLC)

+0.89%

 

Consumer Discretionary (XLY)

+0.02%

 

Consumer Staples (XLP)

+0.94%

 

Energy (XLE)

 

-1.01%

Financials (XLF)

 

-0.30%

Health Care (XLV)

+2.45%

 

Industrials (XLI)

+0.67%

 

Materials (XLB)

+0.32%

 

Real Estate (XLRE)

+2.04%

 

Technology (XLK)

+1.30%

 

Utilities (XLU)

+1.78%

 

 

Portfolio Approach

Today’s Session

I continue to urge all investors to look under the hood because winners are going to be huge as there is a major move to catch up.

It’s all about measuring American households via a spat of retail earnings and housing data this week.

It’s reasonable to expect a pause here and then the market making a huge move.  The bias is to the upside but enough bad news could trigger some profit-taking.  Follow the fundamentals.


 

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