Afternoon Note
It’s all about go-go growth names, as Technology and Communications Services are leading the market higher with more cash coming out of Utilities. Energy names are simply lagging.
Technology is pushing the NASDAQ Composite to an all-time high.
I read that Apple (AAPL) and Microsoft (MSFT) have a combined market cap greater than the entire value of the Russell 2000. That is mindboggling stuff, although, a huge swath of Russell 2000 index companies are not profitable.
You have to ride the wave, but we also want to be positioned for rotation as well.
S&P 500 Index |
+1.37% |
|
Communication Services XLC |
+1.81% |
|
Consumer Discretionary XLY |
+1.56% |
|
Consumer Staples XLP |
+0.25% |
|
Energy XLE |
-0.71% |
|
Financials XLF |
+1.50% |
|
Health Care XLV |
+1.37% |
|
Industrials XLI |
+0.80% |
|
Materials XLB |
+0.70% |
|
Real Estate XLRE |
+0.34% |
|
Technology XLK |
+1.91% |
|
Utilities XLU |
-1.80% |
Tweet |
3/28/2024 9:50 AM | LISTEN TO THE MARKET |
3/27/2024 1:40 PM | Mostly Higher |
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 |
3/12/2024 9:25 AM | ROTATION IN FULL SWING |
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