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Afternoon Note

And the Last Shall Be First

By Charles Payne, CEO & Principal Analyst
8/12/2020 1:51 PM

Since August 6, the market has completely flipped the script.  Coming into today’s session:

And the biggest winners since the March 23 bottom to August 6 have underperformed the biggest laggards.

Role Reversal

Top 10%

Bottom 10%

Share Price



Market Cap



Dividend Yield



Movers Since March 23




Today, all sectors save Financials are looking better, as money is coming out of bonds into stocks, especially blue-chip names. Technology is the best performing sector.


S&P 500 Index



Communication Services (XLC)



Consumer Discretionary (XLY)



Consumer Staples (XLP)



Energy (XLE)



Financials (XLF)



Health Care (XLV)



Industrials (XLI)



Materials (XLB)



Real Estate (XLRE)



Technology (XLK)



Utilities (XLU)



The market sure likes Congress being on vacation!!

Jeannette Harmon on 8/12/2020 3:23:44 PM
I was not able to vote yesterday regarding Kamala Harris - she is part of the Silicone Valley crowd.
God help us if she is elected -

Patricia Heng on 8/13/2020 3:40:31 PM

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