Afternoon Note
The market is barely out of the starting gate today, and is mostly meandering, as investors play the waiting game.
Talk about heavy lifting, the Communication Services sector is trying to single handily lift the entire S&P 500. CenturyLink (CTL) is the top gainer, but Facebook (FB) and Google (GOOG/L) are putting the oomph in the sector.
S&P 500 Index |
-0.12% |
|
Communication Services XLC |
+1.50% |
|
Consumer Discretionary XLY |
-0.13% |
|
Consumer Staples XLP |
-0.38% |
|
Energy XLE |
-0.52% |
|
Financials XLF |
-0.27% |
|
Health Care XLV |
-1.14% |
|
Industrials XLI |
+0.05% |
|
Materials XLB |
-0.74% |
|
Real Estate XLRE |
-0.47% |
|
Technology XLK |
+0.10% |
|
Utilities XLU |
-0.14% |
Market Breadth
NYSE
NASDAQ
Economy in Motion
Kansas City Southern (KSU) is having a great session as it continues to bubble up in the takeover rumor mill. I think an offer is plausible, but it has been in and out of takeover speculation for 15 years.
Historically, transportation has been a great harbinger of where the economy is going. The DJT has been trading above its 50-day moving average and is breaking out through a key resistance point. Obviously, airline stocks have been a drag. But truckers and rails, including Kansas City Southern, are powering along strongly.
American Airlines (AAL) is nearing its 50-day moving average in part to a growing sense the White House and GOP are pressing for more help for the industry.
Tweet |
7/3/2025 9:45 AM | NICE & STEADY AS SEMIS CONTINUE TO CHIP IN |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
6/23/2025 1:47 PM | Getting Some Resolve |
6/23/2025 9:51 AM | BRACING |
6/20/2025 1:29 PM | Second Triple Witching |
6/20/2025 9:38 AM | POWELL BLEW IT |
6/18/2025 12:41 PM | FED Day |
6/18/2025 9:45 AM | ROOM WITH A VIEW |
6/17/2025 1:26 PM | Tension Continues |
6/17/2025 9:50 AM | THE BIG TECH TEN & CO |
6/16/2025 1:34 PM | Fears Subside |
6/16/2025 9:44 AM | DRUMBEATS OF PEACE |
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