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Afternoon Note

BIG BANKS COME THROUGH

By Charles Payne, CEO & Principal Analyst
1/14/2020 1:31 PM

It’s taking longer to get out the gate these days, but once the market establishes its footing, it finds a way to gain traction. Today, it’s all about big banks coming through big time.  But the biggest percentage gainers today are all in the medical space, lead by Perrigo (PRGO).  There is good action in Industrials as well.

S&P 500 Index

+0.09%

 

Communication Services (XLC)

+0.18%

 

Consumer Discretionary (XLY)

+0.22%

 

Consumer Staples (XLP)

+0.01%

 

Energy (XLE)

 

-0.17%

Financials (XLF)

+0.40%

 

Health Care (XLV)

+0.33%

 

Industrials (XLI)

+0.37%

 

Materials (XLB)

+0.05%

 

Real Estate (XLRE)

 

-0.63%

Technology (XLK)

+0.07%

 

Utilities (XLU)

 

-0.20%

Energy taking it on the chin again, as crude oil slips even lower.  This trend continues to be reflected in Consumer Price Index (CPI),  which came in below consensus this morning on headline and core expectations.


 

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