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Afternoon Note

Deck Stacked

By Charles Payne, CEO & Principal Analyst
9/17/2021 1:30 PM

The deck was stacked against the market coming into the session.

Then Consumer Sentiment came in below consensus and at the lowest level in a decade.

The ten-year yield keeps edging higher and on the cusp of breaking a key resistance point.

10-Year

 

Considering all these headwinds, I think this market is acting great.  The last hour of trading could see wicked gyration.  But as far as all the issues, from higher taxes and Fed tapering, I think the fundamentals supersede them and we’ll see that in the next round of corporate earnings. 

Have a great weekend. Stay safe.


 

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