Afternoon Note
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 |
+0.64% |
|
Communication Services XLC |
+0.47% |
|
Consumer Discretionary XLY |
+0.42% |
|
Consumer Staples XLP |
+0.77% |
|
Energy XLE |
-0.17% |
|
Financials XLF |
+0.60% |
|
Health Care XLV |
-0.32% |
|
Industrials XLI |
+0.27% |
|
Materials XLB |
+0.70% |
|
Real Estate XLRE |
+1.18% |
|
Technology XLK |
+1.14% |
|
Utilities XLU |
+1.16% |
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.
**MNUCHIN SAYS HE AND PELOSI HAVE AGREED TO RESTART STIMULUS TALKS**
Tweet |
7/8/2025 1:33 PM | Seesaw Session |
7/8/2025 9:55 AM | MORE SUMMER BLAHS THAN FEAR OF MYANMAR'S TARIFF |
7/7/2025 1:27 PM | Trade Talks and Profit Taking |
7/7/2025 9:51 AM | LOVING MOOD |
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 |
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