Afternoon Note
The market has traded in a very narrow range as all the action is in the bond market. The move out of bonds should help equities, but Wall Street is surveying the implications for inflation. With that in mind, would a spike in inflation alter the plans of for the Federal Reserve?
The Fed is not going to hike rates, but they could have trouble priming the pump for even more accommodation. This could be a moot point if President Biden comes through with all the cash being whispered about in the corridors of Washington and canyons of Wall Street.
Meanwhile, I have to admit, I underestimated the move in crude oil, which continues to gush higher. The overall theme of fresh names continues, however, as old, and new safe haven sectors are all lower:
New Havens
Traditional Havens
S&P 500 Index |
-0.39% |
|
Communication Services XLC |
-2.03% |
|
Consumer Discretionary XLY |
+1.43% |
|
Consumer Staples XLP |
-0.68% |
|
Energy XLE |
+2.82% |
|
Financials XLF |
+1.26% |
|
Health Care XLV |
-1.42% |
|
Industrials XLI |
+0.57% |
|
Materials XLB |
+0.73% |
|
Real Estate XLRE |
-1.06% |
|
Technology XLK |
-1.09% |
|
Utilities XLU |
-1.67% |
There is a ton of action beneath the surface, so we are busy.
Tweet |
1/20/2021 1:35 PM | Unity and Hope |
1/20/2021 9:57 AM | NEW COMMANDER-IN-CHIEF |
1/19/2021 1:47 PM | Confirmation Hearing |
1/19/2021 10:19 AM | TIME FOR YELLEN |
1/15/2021 1:30 PM | STALEMATE |
1/15/2021 9:29 AM | LOOKING FOR A SPARK |
1/14/2021 2:14 PM | Mostly Sideways |
1/14/2021 9:32 AM | MONEY CHANGES EVERYTHING |
1/13/2021 1:39 PM | Another Choppy Session |
1/13/2021 9:29 AM | Ignore the Chattering |
1/12/2021 1:23 PM | Implications for Inflation |
1/12/2021 9:55 AM | MEGA COMPANIES TRIPPED UP |
1/11/2021 1:52 PM | Buyers Stepping In |
1/11/2021 9:36 AM | LEAVING THE MADNESS BEHIND |
1/8/2021 1:43 PM | Muscle Memory |
1/8/2021 9:50 AM | THE SMALLEST DOING THE MOST |
1/7/2021 1:29 PM | Soaring |
1/7/2021 9:36 AM | A DAY OF INFAMY |
1/6/2021 2:01 PM | Powering Higher |
1/6/2021 9:05 AM | BACK ON TRACK |
1/5/2021 2:06 PM | Manufacturing Resurgence Gains Steam |
1/5/2021 9:39 AM | BUMPY START |
1/4/2021 1:47 PM | Angst Ahead of Senate Runoff |
1/4/2021 9:25 AM | HIGH HOPES 2021 |
12/31/2020 10:12 AM | Auld Lang Syne |
Complete commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|