Afternoon Note
The market is mostly sideways as we await the Federal Reserve, which will announce they are standing pat on current accommodation. But will there be any hints at a change in course? The stakes are high, and the messaging ahead of removing the punch bowl is pivotal. Take it from me, the cry-babies of Wall Street will still have a tantrum.
Meanwhile, earnings continue to blow the roof off the record book. This is great news but has invited talk of peak earnings - yep, there is always something to complain about.
Only four sectors are higher, with an eclectic mix of winners led by Advanced Micro (AMD) , Xilinx (XLNX), and Boeing (BA).
S&P 500 Index |
-0.06% |
|
Communication Services XLC |
+0.74% |
|
Consumer Discretionary XLY |
-0.43% |
|
Consumer Staples XLP |
-0.91% |
|
Energy XLE |
+0.73% |
|
Financials XLF |
-0.15% |
|
Health Care XLV |
+0.26% |
|
Industrials XLI |
-0.25% |
|
Materials XLB |
+0.12% |
|
Real Estate XLRE |
-0.81% |
|
Technology XLK |
-0.13% |
|
Utilities XLU |
-1.41% |
Hang tight and let's see what Powell and company have to say.
Tweet |
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 |
3/12/2024 9:25 AM | ROTATION IN FULL SWING |
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