Afternoon Note
It has been an avalanche of good news beginning with yesterday’s update on consumer confidence to this morning’s ADP Employment report and herculean manufacturing data out of Chicago. In addition, we learned Pending home sales climbed 8.8% month-over-month, consensus was for a 3.2% improvement.
Pending Home Sales
I don’t think the debate is weighing on the market a lot. Many polls and surveys seem to indicate that President Trump won, which might be why health care is the top performer in the S&P today.
S&P 500 Index |
+1.38% |
Communication Services XLC |
+0.59% |
Consumer Discretionary XLY |
+1.59% |
Consumer Staples XLP |
+1.40% |
Energy XLE |
+0.77% |
Financials XLF |
+1.85% |
Health Care XLV |
+2.00% |
Industrials XLI |
+0.92% |
Materials XLB |
+1.68% |
Real Estate XLRE |
+0.71% |
Technology XLK |
+1.41% |
Utilities XLU |
+0.95% |
Either way, it is a monster session that also includes two new IPOs that are directly listing on the exchange making it a total of four that have done so.
Hard to pick a stock of the day, but Boeing (BA) is quietly inching back to getting the 737 Max back in the air. It would be huge, even with overall demand limited because of the virus.
Tweet |
3/28/2024 1:39 PM | Fruitful Quarter |
3/28/2024 9:50 AM | LISTEN TO THE MARKET |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
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