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 |
10/17/2025 1:43 PM | Friday Zig Zag |
10/17/2025 9:51 AM | They Warned Us About Everything Else |
10/16/2025 1:33 PM | Another Intraday Reversal |
10/16/2025 9:30 AM | ENCOURAGING BUT NEED MORE |
10/15/2025 1:23 PM | Intraday Weakness |
10/15/2025 9:53 AM | STRONG “DOWN” DAY |
10/14/2025 1:27 PM | Intraday Recovery |
10/14/2025 9:45 AM | HO, HO, HO |
10/13/2025 1:42 PM | Fears Eased |
10/13/2025 9:49 AM | ROUGH BUT NOT HELLISH |
10/10/2025 1:48 PM | Chinese Trade Negotiations Reignite |
10/10/2025 10:05 AM | BIRTHDAY BREAK |
10/9/2025 1:25 PM | Shutdown Continues |
10/9/2025 9:53 AM | DOOM PORN DOESN’T DISTRACT INVESTORS |
10/8/2025 1:14 PM | FOMC Minutes in Focus |
10/8/2025 9:45 AM | DIFFERENT TYPES OF BOTTOM FISHING |
10/7/2025 1:34 PM | Taking a Breather |
10/7/2025 9:55 AM | LOTS OF CHASING BUT SOME BOTTOM FISHING TOO |
10/6/2025 1:36 PM | AMD deal powers Semiconductors |
10/6/2025 9:42 AM | ROTATION HAS BEGUN |
10/3/2025 1:30 PM | Midday Air Pocket |
10/3/2025 9:33 AM | MUSCLE MEMORY & AI FRENZY |
10/2/2025 1:34 PM | Searching for Direction |
10/2/2025 9:47 AM | A HEALTHY ROTATION |
10/1/2025 1:29 PM | Shutdown Resolve |
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