Afternoon Note
The market continues to sway back and forth, but it looks like buyers are fading and perhaps sensing a chance to get better entry prices. That’s the conundrum of the market. The pullback made some favorites cheaper. There are a lot of would-be buyers trying not to be the first to jump in but certainly not wanting to be the last, either.
All sectors except Consumer Discretionary are lower, but I must point out the biggest losers are defensive sectors:
And the biggest loser is once again the energy sector.
S&P 500 Index |
-0.66% |
|
Communication Services XLC |
-0.07% |
|
Consumer Discretionary XLY |
+0.04% |
|
Consumer Staples XLP |
-0.49% |
|
Energy XLE |
-2.08% |
|
Financials XLF |
-0.84% |
|
Health Care XLV |
-0.75% |
|
Industrials XLI |
-0.80% |
|
Materials XLB |
-0.35% |
|
Real Estate XLRE |
-1.05% |
|
Technology XLK |
-0.77% |
|
Utilities XLU |
-1.45% |
Remember in the market it’s not about how the market opens, but how it closes. So, this session is a great opportunity for buyers to decide the coast is clear.
I think Peloton (PTON), which reports after the close will beat, and rally, and other names reporting could give us a better read on the restaurant industry and the TikTok saga.
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 |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|