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Afternoon Note


By Charles Payne, CEO & Principal Analyst
3/23/2021 1:39 PM

There is some applause for the new, woke, Federal Reserve and Treasury Department for recognizing Blacks, Hispanics, women, and small businesses.  Although, I think these lawmakers do not grasp just how far bother entities are ready to go and what risks come along with their newfound roles.  

S&P 500 Index



Communication Services XLC



Consumer Discretionary XLY



Consumer Staples XLP



Energy XLE



Financials XLF



Health Care XLV



Industrials XLI



Materials XLB



Real Estate XLRE



Technology XLK



Utilities XLU



The stock market wants to move higher, but it continues to agonize over a variety of issues.  This is a market that was spoon-feed comfort for so long, agonizing brings more agony, when it should just be par for the course.  Moreover, all the macro factors that construct our buying thesis are still in place.

 But we have to respect the overall angst of the market. 

You are right on target Charles!

John Passananti on 3/23/2021 2:18:24 PM
The Federal Reserve and the Treasury Department are not "lawmakers".

Robert Alread on 3/23/2021 2:29:17 PM
Charles, I feel like you do, safety for now. Come summer it will be good for the tech and Industrials but late fall and winter lookout below.

Dennis & Judie Reitman on 3/23/2021 9:31:56 PM
I hope you're wrong but we will cross that bridge when we come to it...I think Sen Manchin is the key.  He held the line on $15.00 minimum wage. Lets hope he does the same on the filibuster and other egregious ideas. CP

Charles Payne on 3/23/2021 10:03:20 PM

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