Morning Commentary
All sectors were higher on Friday, but the tug of war continues. Energy leads the way and is getting a boost in part to a spill off the coast of California.
Market breadth was mostly positive but not a convincing sign of inflection.
Market Breadth |
NYSE |
NASDAQ |
Advancing |
2,340 |
2,762 |
Declining |
1,001 |
1,696 |
52 Week High |
91 |
82 |
52 Week Low |
79 |
154 |
Up Volume |
3.04B |
2.43B |
Down Volume |
857.72M |
2.17B |
Covid Inflection
While the market is trying to find terra firma, it looks like we might be in the midst of inflection for the Delta variant of Covid19 and people appear to be responding.
TSA numbers are getting better.
Bond Yields have settled down for the moment.
Portfolio Approach
We added a new position Friday afternoon in Consumer Discretionary in our Hotline Model Portfolio.
Today’s Session
This is an interesting week with the jobs report looming on Friday and earnings season right around the corner.
In some ways, it’s the perfect session to test investor sentiment ahead of the unknown and without serious inputs today.
Tweet |
7/3/2025 9:45 AM | NICE & STEADY AS SEMIS CONTINUE TO CHIP IN |
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 |
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