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.
Comments |
Thank you for your input on the market. What do you think of stock in The Trade Desk? Anne Anne Krob on 1/13/2021 8:40:57 AM |
Inflation !! you are just now noticing-- you should see my Lowes Bill -- for the last 6 months I could not get enough lumber to continue remodel. Decking was up 50% is XLB the way to play this ? or am i missing Something? Keith Martin on 1/28/2021 11:43:10 AM |
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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