Afternoon Note
In the grand scheme of things, the market is acting pretty good after such a wild session yesterday. Tech names continue under pressure, although many are trying to turn around. Still, Technology is the biggest loser and Industrials the biggest winner, as Boeing (BA) climbs on a number of positive developments.
There is a dollop of concern reflected in traditional safe havens Utilities, Real Estate and Consumer Staples. Those staples might be reacting to the surge in coronavirus cases. Do not forget, back in March and April these names were unstoppable, as we all scrounged around for toilet paper.
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S&P 500 Index |
-0.30% |
|
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Communication Services XLC |
-0.82% |
|
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Consumer Discretionary XLY |
-0.51% |
|
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Consumer Staples XLP |
+1.40% |
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Energy XLE |
+0.91% |
|
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Financials XLF |
-0.20% |
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Health Care XLV |
-0.17% |
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Industrials XLI |
+1.72% |
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Materials XLB |
+0.53% |
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Real Estate XLRE |
+0.44% |
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Technology XLK |
-1.28% |
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Utilities XLU |
+0.75% |
Healthcare is turning higher on reports the Supreme Court doesn’t seem inclined to rule against Obamacare.
There is a certain calm with the session that I think is needed. I want to caution investors to not get whipsawed or discouraged – keep your focus on underlying fundamentals. This year has seen stocks rocket higher when they take off. If you feel down on down days, you will feel completely crestfallen when you see these names surge after.
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| 9/15/2026 9:39 AM | DOOMSDAY POSTPONED |
| 9/14/2026 1:23 PM | AI Slowdown, Yields Surge |
| 9/14/2026 9:56 AM | AI DOOM DOMINATED THE WEEKEND |
| 9/11/2026 1:23 PM | Staging a Rebound |
| 9/11/2026 9:41 AM | Monumental Tech Momentum Decline |
| 9/10/2026 1:20 PM | Choppy Action |
| 9/10/2026 9:32 AM | CALLING BESSENT'S BLUSTER |
| 9/9/2026 1:34 PM | Busy Wednesday |
| 9/9/2026 9:35 AM | Al KILLER TRADE IS BACK |
| 9/8/2026 1:09 PM | Mixed Start to the Week |
| 9/8/2026 9:21 AM | SHORT WEEK BUT LONG WAIT FOR CPI |
| 9/4/2026 1:28 PM | Taking Some Momentum Out |
| 9/4/2026 9:34 AM | THE STAGE IS SET |
| 9/3/2026 12:59 PM | Yields Inch Lower |
| 9/3/2026 9:29 AM | IS SMART MONEY BUYING? |
| 9/2/2026 1:37 PM | Wednesday Winds Back |
| 9/2/2026 9:15 AM | MARKET EDGING TOWARD PANIC |
| 9/1/2026 1:24 PM | Yields and Oil Weigh on Stocks |
| 9/1/2026 9:35 AM | STEALTH FISHING IN BIG NAMES |
| 8/31/2026 1:22 PM | Monday’s Market |
| 8/31/2026 9:33 AM | ASSESSING WARSH – DID SOMEONE SAY THE BAND IS GETTING BACK TOGETHER? |
| 8/28/2026 1:39 PM | Jackson Hole Day |
| 8/28/2026 9:45 AM | TRYING TO SHAME THE FED CHAIR (IT'S NOT GOING TO WORK) |
| 8/27/2026 1:49 PM | Technology Leads the Charge |
| 8/27/2026 9:41 AM | NVDA DELIVERS |
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