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 |
| 7/2/2026 1:26 PM | Investors Continue to Rotate |
| 7/2/2026 9:47 AM | MARKET GETTING A LITTLE CHOPPY |
| 7/1/2026 1:32 PM | Solid Footing |
| 7/1/2026 9:41 AM | WHAT A YEAR …AND IT’S ONLY HALFWAY OVER |
| 6/30/2026 1:30 PM | Broadening Move |
| 6/30/2026 9:23 AM | MORE TO SPACE THAN ELON |
| 6/29/2026 1:20 PM | Morning Recovery |
| 6/29/2026 9:34 AM | MARKET'S STRONGER THAN YOU THINK |
| 6/26/2026 1:33 PM | Grinding Off the Lows |
| 6/26/2026 9:23 AM | THE CARD CHANGES |
| 6/25/2026 1:14 PM | Mega-Cap Movement |
| 6/25/2026 9:40 AM | IRRATIONAL PESSIMISM HURTS INVESTORS |
| 6/24/2026 1:11 PM | Twin Tailwinds: Rates and Oil Slide |
| 6/24/2026 9:44 AM | MICRON STEPPING UP TO THE PLATE |
| 6/23/2026 1:06 PM | Tuesday Takes a Breather |
| 6/23/2026 10:00 AM | SLUGGISH |
| 6/22/2026 1:12 PM | Green Beneath the Red |
| 6/22/2026 9:45 AM | MICRON IN THE BATTER'S BOX |
| 6/18/2026 1:21 PM | Freedom Compounds |
| 6/18/2026 10:00 AM | WARSH'S WORLD |
| 6/17/2026 1:12 PM | Warsh at the Plate |
| 6/17/2026 9:41 AM | SEMIS SLIP AS WORLD WATCHES SPACEX |
| 6/16/2026 1:19 PM | Better Under the Hood |
| 6/16/2026 9:19 AM | WHOOP, THERE IT IS! |
| 6/15/2026 1:06 PM | More Than Just Iran |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|