Only three sectors are higher, as money not only begins to stampede from oil and financials, but is rushing back into those formerly hot growth names that aren't on the S&P 500. Consequently, the weaker major indices have gotten stronger as has the NASDAQ Composite.
I'm surprised there is this much angst over the Fed. Powell is not going to signal tapering. Heck, by his view of his mandate, he might add to accommodation (just joking.) I'm also surprised energy is under so much pressure, as crude starts to extend its breakout, but I suspect this is profit-taking.
Watch the semiconductors - they act great.
I don’t think this is a dull market - there is a bunch happening beneath the surface. That said, I might raise a little cash today or tomorrow.
Comments |
thanks! i figured out what effect the fed reserve has on money and banking.....TBI from auto crash Patrick J Pedley on 6/14/2021 4:47:54 PM |
Thanks Charles Lorin K on 6/15/2021 10:39:38 AM |
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