Afternoon Note
The market is bouncing around wildly but in a narrow range. This is actually good stuff- it’s price discovery and a chance to test the will of investors. Ten of eleven sectors are higher, with all attempting to rally, led by Energy, as crude is making a strong move on a report of a major inventory drawdown.
Consumer Discretionary is slightly lower the day before retail sales.
S&P 500 Index |
+0.61% |
|
Communication Services XLC |
-0.01% |
|
Consumer Discretionary XLY |
+0.00% |
|
Consumer Staples XLP |
+0.33% |
|
Energy XLE |
+2.99% |
|
Financials XLF |
+0.95% |
|
Health Care XLV |
+0.80% |
|
Industrials XLI |
+0.94% |
|
Materials XLB |
+0.79% |
|
Real Estate XLRE |
+0.68% |
|
Technology XLK |
+0.44% |
|
Utilities XLU |
+0.36% |
That report (retail sales) has missed consensus in seven of ten months and really only rocked when the stimulus checks were making the rounds.
Tweet |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
6/23/2025 1:47 PM | Getting Some Resolve |
6/23/2025 9:51 AM | BRACING |
6/20/2025 1:29 PM | Second Triple Witching |
6/20/2025 9:38 AM | POWELL BLEW IT |
6/18/2025 12:41 PM | FED Day |
6/18/2025 9:45 AM | ROOM WITH A VIEW |
6/17/2025 1:26 PM | Tension Continues |
6/17/2025 9:50 AM | THE BIG TECH TEN & CO |
6/16/2025 1:34 PM | Fears Subside |
6/16/2025 9:44 AM | DRUMBEATS OF PEACE |
6/13/2025 1:30 PM | Showing Resilience |
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