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.
S&P 500 Index |
-0.30% |
|
Communication Services XLC |
-0.82% |
|
Consumer Discretionary XLY |
-0.51% |
|
Consumer Staples XLP |
+1.40% |
|
Energy XLE |
+0.91% |
|
Financials XLF |
-0.20% |
|
Health Care XLV |
-0.17% |
|
Industrials XLI |
+1.72% |
|
Materials XLB |
+0.53% |
|
Real Estate XLRE |
+0.44% |
|
Technology XLK |
-1.28% |
|
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.
Tweet |
9/16/2025 7:12 AM | Growth Leads the Way |
9/15/2025 1:36 PM | Solid Rally |
9/15/2025 9:50 AM | It's Still Tech As We Await the Fed |
9/12/2025 1:28 PM | Mega-Caps Move Higher |
9/12/2025 9:32 AM | JAILBREAK |
9/11/2025 1:39 PM | Rally Continues |
9/11/2025 10:08 AM | All AI All the Time |
9/10/2025 1:55 PM | The Oracle Effect |
9/10/2025 9:50 AM | PARTY IN WHOVILLE |
9/9/2025 1:50 PM | Sharp BLS Revision |
9/9/2025 9:48 AM | Tech & Large Cap Safety |
9/8/2025 1:29 PM | Technology Leads Again |
9/8/2025 9:34 AM | FOREBODING |
9/5/2025 1:29 PM | Jobs Data Digest |
9/5/2025 9:55 AM | JOBS DAY (BUCKLE UP) |
9/4/2025 1:07 PM | Stocks Rise and Yields Sink |
9/4/2025 9:45 AM | MOSTLY BLAND |
9/3/2025 1:48 PM | Big Tech Rebounds |
9/3/2025 9:41 AM | NOT AN EMOTIONAL RELEASE (YET) |
9/2/2025 1:37 PM | Gloomy Start |
9/2/2025 9:44 AM | REMEMBER SEPTEMBER? |
8/29/2025 1:33 PM | Fed Governor Cook(ed)? |
8/29/2025 9:49 AM | THE OTHER TECH NAMES AWAKEN |
8/28/2025 1:37 PM | Rallying Resolve |
8/28/2025 9:44 AM | NVDA TRIPPED UP |
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