Afternoon Note
It is turning into a great session picking up on Friday’s performance. The surprising aspect of the day is the biggest winners have been the biggest losers of 2020. Maybe the year can be redeemed if these names can keep putting in sessions like this.
Oil stocks, an unmitigated disaster that is a combination over oversupply and governmental roadblocks.
Airlines unmitigated disaster because of lockdowns – maybe there will be clear blue skies sooner rather than later.
Boeing (BA) an unmitigated disaster of its own making.
YTD Performance
This “worst to first theme” is playing out among the major equity indices, with the Russell 2000 far-and-away the best performer today. The index peaked in early 2018 and has struggled since. It would be something, to see a sustained move in any of the beaten down sectors and individuals stock names.
Russell 2000
We are not there yet but nearing point where pendulum of fear shifts back to “missing out” from “hiding out.”
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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 |
4/9/2024 1:56 PM | Fighting the Trend |
4/9/2024 9:46 AM | NEXT TIME, MAKE IT A HOLIDAY |
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