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Afternoon Note

Cheer Stimulus Talks

By Charles Payne, CEO & Principal Analyst
9/24/2020 1:04 PM

There are lots of gyrations today, although the market has once again shifted into a tight trading range.  The good news is the market has recovered from the red, twice, so the buy on dips crowd is materializing.  The gravitational pull of uncertainty keeping upside moves limited.

Tech trying to gain traction, but the biggest winners are all traditional safe havens which underscores the heightened angst.

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



Healthcare is lower, as many observers worry about the fate of Obamacare if President Trump gets his Supreme Court nominee approved and on the bench by November.

Lots of headlines are moving stocks, but the one that everyone should cheer is that stimulus talks have been rekindled.



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