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 |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
4/12/2024 1:37 PM | Pressure Overall |
4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
4/11/2024 9:27 AM | Tough Sledding |
4/10/2024 1:22 PM | Hang In There |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
4/9/2024 1:56 PM | Fighting the Trend |
4/9/2024 9:46 AM | NEXT TIME, MAKE IT A HOLIDAY |
4/8/2024 9:45 PM | Cautious Feel |
4/8/2024 7:19 AM | IT’S ECLIPSE DAY |
4/5/2024 1:51 PM | Higher and Cheaper |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|