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Afternoon Note

Lack of Leadership

By Charles Payne, CEO & Principal Analyst
3/30/2021 1:30 PM

A lack of leadership.  That’s what’s happening in the market, which seems to be moving pass the latest example of Wall Street greed and the potential systemic risk regulators refuse to tackle. 

The gyrations in the market are more a mark of frustration than fear, but each leg lower shakes out more holders, which adds to the downside pressure.

Please take care not to close stocks you will regret.  Consider how much you would like to own the business.

Meanwhile, Industrials are leading the way led by airline stocks.  Those names also lifting the Dow Jones Transportation Index into the stratosphere.

Despite warnings from the head of the CDC, and President Biden, it’s clear investors are refocusing on the so-called reopening trade. I think most of these names are over bought, but they are seen through the lens of value; hence, the chasing.


This is not convincing selling. I would not be surprised to see buyers materialize, especially ahead of tomorrow’s infrastructure announcements.

You need exposure to steel, construction equipment, and housing (look for a call to remove limits on mortgage deductions).

Long and deep in semiconductors, and ignoring the volatility for now. Someone wrote that semis could be treated as a commodity, and that could launch the prices. We'll see.

Chris Langsenkamp on 3/30/2021 1:58:44 PM
Could the market be waiting for some leadership from the White House

Ken Shinn Sr on 3/30/2021 2:26:55 PM
You're a voice in the wilderness Charles! Thanks for being there and here on my laptop!

Lorin K on 3/30/2021 4:12:35 PM

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