Afternoon Note
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 |
-2.09% |
+6.04% |
Market Cap |
-0.55% |
+6.73% |
Dividend Yield |
+5.37% |
+1.24% |
Movers Since March 23 |
+1.23% |
+3.64% |
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 |
+1.29% |
|
Communication Services (XLC) |
+1.32% |
|
Consumer Discretionary (XLY) |
+0.94% |
|
Consumer Staples (XLP) |
+1.48% |
|
Energy (XLE) |
+0.03% |
|
Financials (XLF) |
-0.83% |
|
Health Care (XLV) |
+1.72% |
|
Industrials (XLI) |
+0.00% |
|
Materials (XLB) |
+0.39% |
|
Real Estate (XLRE) |
+0.95% |
|
Technology (XLK) |
+2.07% |
|
Utilities (XLU) |
+1.68% |
Comments |
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 |
Tweet |
4/26/2024 7:39 AM | BIG TECH STEPS UP |
4/25/2024 1:16 PM | Don't' Bury me, Yet! |
4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
4/24/2024 1:30 PM | Earnings Flood In |
4/24/2024 9:26 AM | BUYING THE DIP |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
4/12/2024 1:37 PM | Pressure Overall |
4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
4/11/2024 9:27 AM | Tough Sledding |
4/10/2024 1:22 PM | Hang In There |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
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