Afternoon Note
The market popped out the gate and has been marking time ever since. The stall has lured some sellers, as the shake out process continues. Growth is back in the driver seat, as Communication Services leads the way, followed by Technology. Real Estate continues to be the most intriguing sector this week.
I pointed out the move in S&L Green Realty (SLG) this morning, and the stock remains on fire. Conversely, Financials act terrible, led lower by JP Morgan. Jamie Dimon gave an intriguing interview with Keefe Bruyette & Woods, but I am not sure what he said to hit the shares this hard.
Interestingly, those folks most adamant there will be a rotation of out of growth mostly see Financials as the main beneficiary. Not today.
S&P 500 Index |
+0.93% |
|
Communication Services XLC |
+2.09% |
|
Consumer Discretionary XLY |
+0.93% |
|
Consumer Staples XLP |
+0.34% |
|
Energy XLE |
+0.61% |
|
Financials XLF |
-0.72% |
|
Health Care XLV |
+0.71% |
|
Industrials XLI |
+0.23% |
|
Materials XLB |
+0.85% |
|
Real Estate XLRE |
+1.65% |
|
Technology XLK |
+1.47% |
|
Utilities XLU |
+1.21% |
In Washington, D.C., peace in the Middle East is making major strides and the administration just dropped the aluminum tariffs on Canada.
Things are happening and the stock is telling us to expect for good stuff beyond hot tech stocks.
Tweet |
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 |
4/9/2024 1:56 PM | Fighting the Trend |
4/9/2024 9:46 AM | NEXT TIME, MAKE IT A HOLIDAY |
4/8/2024 9:45 PM | Cautious Feel |
4/8/2024 7:19 AM | IT’S ECLIPSE DAY |
4/5/2024 1:51 PM | Higher and Cheaper |
4/5/2024 9:23 AM | MARKETS REEL ON BIDEN’S ISRAEL ULTIMATUM |
4/4/2024 1:42 PM | Stocks Bounce |
4/4/2024 9:31 AM | ESCAPING GRAVITY = ESCAPING REALITY? |
4/3/2024 1:41 PM | Cuts Not Soon |
4/3/2024 9:33 AM | A LITTLE LESS SWAGGER |
4/2/2024 1:16 PM | Under Pressure |
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