Afternoon Note
The market opened with a thud and has largely been trading sideways since. There was an update from the Center of Disease Control (CDC). The biggest takeaways:
People under Investigation (PUI) in the United States*†
As of 1/27/2020
People under Investigation (PUI) in the United States |
|
Negative |
32 |
Pending§ |
73 |
Total |
110 |
*Cumulative since January 21, 2020.
† Numbers closed out at 7 p.m. the night before reporting.
§Includes specimens received and awaiting testing, as well as specimens in route to CDC.
Number of states with PUI: 26
After the CDC announcement, money came out of Utilities, and the buy on dippers dipped a toe into Technology and Communication Services.
S&P 500 Index |
-1.20% |
Communication Services (XLC) |
-1.33% |
Consumer Discretionary (XLY) |
-1.10% |
Consumer Staples (XLP) |
-0.05% |
Energy (XLE) |
-2.31% |
Financials (XLF) |
-1.22% |
Health Care (XLV) |
-0.52% |
Industrials (XLI) |
-1.44% |
Materials (XLB) |
-1.74% |
Real Estate (XLRE) |
-0.43% |
Technology (XLK) |
-1.71% |
Utilities (XLU) |
-.20% |
This kind of action is very helpful for building and managing a list of potential buys on the dip. We aren’t forcing the issue now, but anticipate stronger than expected earnings, coupled with the current weakness, will generate money making opportunities.
Tweet |
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3/28/2024 9:50 AM | LISTEN TO THE MARKET |
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3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
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