Morning Commentary
It was a remarkable week for many reasons, including the fact the market was able to continue its move higher even when Technology lagged on Friday.
S&P 500 Index |
+0.39% |
|
Communication Services XLC |
+1.26% |
|
Consumer Discretionary XLY |
+0.96% |
|
Consumer Staples XLP |
+0.94% |
|
Energy XLE |
+0.85% |
|
Financials XLF |
+0.03% |
|
Health Care XLV |
+0.18% |
|
Industrials XLI |
+0.59% |
|
Materials XLB |
+1.72% |
|
Real Estate XLRE |
+0.34% |
|
Technology XLK |
-0.22% |
|
Utilities XLU |
+0.54% |
The market enters this week with a major head of steam after exhibiting the kind of resolve that made last year's bear market the shortest on record. That resolve is driven by individual investors who continue to forge into the market. While the financial media was incorrectly claiming these retail
investors were losers, and seemingly dancing on their graves, these investors were powering the microcap index up more than 10% and the Russell more than 7%.
In fact, there is an amazingly underreported trend of rotation. It's not happening horizontally across the major indices but vertically into the deeper soil of the public markets. It's why the antiquated Dow Jones Industrial Average wanes, as indices with fresher growth names prosper. But while the same folks that spend all week cheering on hedge funds and suggests the Dow is the best proxy for the market, or the economy, tons of money is being made beyond those 30 names.
There is so much to discuss from last week, so I’m offering this week’s Payne’s Perspective for free this morning. Its titled: Stay Chill, Stay Confident, Stay in the Game. Click here to read the report (you need to be registered to wstreet.com to read the report).
Portfolio Review
After this morning’s long idea the model portfolio will be 100% vested.
Today’s Session
Lots of excitement in Bitcoin this morning after Tesla (TSLA) announced it has $1.5 billion on its balance sheet and will begin accepting the Cryptocurrency.
Comments |
Buy what you like is the mantra. I recently added, “buy what you dislike”. Exxon looked like it bottomed out last week so I bought in with the idea that I don’t like them so I’m taking the for the money. It’s paying off. Mark Dwyer on 2/8/2021 1:05:00 PM |
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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