Afternoon Note
The market has been in a holding pattern after the three-day break, as investors are looking for a catalyst to restart the rally. The good news is, there is no panic, but there is some growing angst.
The biggest issue continues to be valuation, as few can quibble with the strength of the underlying economy; although, I think it’s reigniting. Earnings are expected to grow dramatically throughout the year, so it’s critical companies have the confidence to offer strong guidance.
Meanwhile, technology keeps rocking.
|
S&P 500 Index |
-0.03% |
|
|
Communication Services (XLC) |
-0.04% |
|
|
Consumer Discretionary (XLY) |
-0.23% |
|
|
Consumer Staples (XLP) |
-0.06% |
|
|
Energy (XLE) |
-1.01% |
|
|
Financials (XLF) |
-0.13% |
|
|
Health Care (XLV) |
+0.15% |
|
|
Industrials (XLI) |
-0.53% |
|
|
Materials (XLB) |
-0.62% |
|
|
Real Estate (XLRE) |
+0.58% |
|
|
Technology (XLK) |
+0.42% |
|
|
Utilities (XLU) |
+0.28% |
I’m not forcing the issue here, but I am confident about the market overall. I am looking for buying opportunities, especially on dips.
| Tweet |
| 9/11/2026 1:23 PM | Staging a Rebound |
| 9/11/2026 9:41 AM | Monumental Tech Momentum Decline |
| 9/10/2026 1:20 PM | Choppy Action |
| 9/10/2026 9:32 AM | CALLING BESSENT'S BLUSTER |
| 9/9/2026 1:34 PM | Busy Wednesday |
| 9/9/2026 9:35 AM | Al KILLER TRADE IS BACK |
| 9/8/2026 1:09 PM | Mixed Start to the Week |
| 9/8/2026 9:21 AM | SHORT WEEK BUT LONG WAIT FOR CPI |
| 9/4/2026 1:28 PM | Taking Some Momentum Out |
| 9/4/2026 9:34 AM | THE STAGE IS SET |
| 9/3/2026 12:59 PM | Yields Inch Lower |
| 9/3/2026 9:29 AM | IS SMART MONEY BUYING? |
| 9/2/2026 1:37 PM | Wednesday Winds Back |
| 9/2/2026 9:15 AM | MARKET EDGING TOWARD PANIC |
| 9/1/2026 1:24 PM | Yields and Oil Weigh on Stocks |
| 9/1/2026 9:35 AM | STEALTH FISHING IN BIG NAMES |
| 8/31/2026 1:22 PM | Monday’s Market |
| 8/31/2026 9:33 AM | ASSESSING WARSH – DID SOMEONE SAY THE BAND IS GETTING BACK TOGETHER? |
| 8/28/2026 1:39 PM | Jackson Hole Day |
| 8/28/2026 9:45 AM | TRYING TO SHAME THE FED CHAIR (IT'S NOT GOING TO WORK) |
| 8/27/2026 1:49 PM | Technology Leads the Charge |
| 8/27/2026 9:41 AM | NVDA DELIVERS |
| 8/26/2026 1:12 PM | All Eyes on Nvidia |
| 8/26/2026 9:37 AM | CONSUMERS LOOKING FOR END TO CONFLICT |
| 8/25/2026 1:43 PM | Subdued Action |
| More commentary archives | |
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