Afternoon Note
The market is meandering, but it’s more from a sense of exhaustion than any kind of anxiety. It’s been a wild year, and this was just the first full week.
The jobs report actually fits nicely in keeping the balance between an economy growing fast enough to keep the market buoyant and keeping the Fed at bay.
There is a chance the Dow Jones Industrial Average could finish higher, which would be amazing considering the weakness in Boeing (more embarrassing emails, which add no news per se, but another reason for some to sell) and the upcoming weekend.
Overall breadth is slightly negative, but again, it could flip into the close. The most important thing is we are heading into 2020 with the right amount of steam, and I’m feeling very confident about the potential for the nation, economy and stock market.
S&P 500 Index |
-0.01% |
|
Communication Services (XLC) |
-0.04% |
|
Consumer Discretionary (XLY) |
-0.22% |
|
Consumer Staples (XLP) |
+0.16% |
|
Energy (XLE) |
-0.34% |
|
Financials (XLF) |
-0.32% |
|
Health Care (XLV) |
+0.33% |
|
Industrials (XLI) |
-0.40% |
|
Materials (XLB) |
+0.05% |
|
Real Estate (XLRE) |
+0.71% |
|
Technology (XLK) |
+0.01% |
|
Utilities (XLU) |
+0.44% |
Comments |
I think some of the market participants are a bunch of nervous ninnies who strictly follow their emotions and listen to the nutjobs like Bloomberg and CNBC, who's morning stories were doom and gloom over the jobs report...be safe Charles! Fellow USAF Veteran @SACPAC1 Don Woolley on 1/10/2020 9:31:12 PM |
Tweet |
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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 |
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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 |
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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 |
4/9/2024 9:46 AM | NEXT TIME, MAKE IT A HOLIDAY |
4/8/2024 9:45 PM | Cautious Feel |
4/8/2024 7:19 AM | IT’S ECLIPSE DAY |
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4/4/2024 1:42 PM | Stocks Bounce |
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4/3/2024 9:33 AM | A LITTLE LESS SWAGGER |
4/2/2024 1:16 PM | Under Pressure |
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