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Afternoon Note

Testing Will Of Investors

By Charles Payne, CEO & Principal Analyst
9/15/2021 1:34 PM

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



Communication Services XLC



Consumer Discretionary XLY



Consumer Staples XLP



Energy XLE



Financials XLF



Health Care XLV



Industrials XLI



Materials XLB



Real Estate XLRE



Technology XLK



Utilities XLU



That report (retail sales) has missed consensus in seven of ten months and really only rocked when the stimulus checks were making the rounds.


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