Afternoon Note
Folks this move is more than just vaccine related. The market senses that the economy will expand for the rest of the year no matter the spike in new cases. Of course, a vaccine is a gamechanger and while it could happen this year anyone on the street that thinks it happens has it modelled in as a 2021 event.
This rally is what happens when breakouts pry cash from the sidelines. The S&P 500 is on the cusp and once that happens, we could see the Dow Jones follow suit soon thereafter.
S&P 500 Index |
+1.31% |
|
Communication Services XLC |
+1.06% |
|
Consumer Discretionary XLY |
+1.89% |
|
Consumer Staples XLP |
+0.82% |
|
Energy XLE |
-0.37% |
|
Financials XLF |
+0.83% |
|
Health Care XLV |
+2.04% |
|
Industrials XLI |
+1.06% |
|
Materials XLB |
+1.41% |
|
Real Estate XLRE |
-0.04% |
|
Technology XLK |
+1.35% |
|
Utilities XLU |
+0.61% |
The Maxim (MXIM) deal has propelled that stock to the top of the list of percentage gainers in the S&P and powering the SMH ETF to an all-time high. I suspect there will be more consolidation.
Comments |
We know a young man in Phoenix that got Covid 19 tested, was negative, written up as positive. Told tester NO, would hurt his job. Tester said but hospital gets $34k instead of 2K. Supposedly tester reversed back to negative. Test results are fake. We know medical workers that have taken a few months off over ethic's they are expected to break 1st time ever. Donald McArthur on 7/13/2020 2:19:19 PM |
Did not like this reversal today. Near-term peaks for TSLA and Nasdaq? Tomorrow? Tom Holcomb on 7/13/2020 4:44:38 PM |
They're never fun but if there was ever a time to say it was due - this was it. The moves have been mind boggling. We'll see about tomorrow. I am not panicking and in many respects would like to buy a dip. CP Charles Payne on 7/13/2020 4:51:16 PM |
Tweet |
3/28/2024 1:39 PM | Fruitful Quarter |
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 |
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