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Afternoon Note

Crocs Kick

By Charles Payne, CEO & Principal Analyst
10/21/2021 1:51 PM

Mark you calendar so you do not miss my special on November 9th at 2pm.

The S&P 500 is trying to make it six days in a row with gains while the Nasdaq gains remain solid even as yields rise. The 10-year note was up 3.9 points to 1.675% and edging closer to that 1.74% that sent shivers through the investing world. 

There is profit taking on energy today as oil tumbles 2%, its steepest decline in 11 weeks. Consumer Discretionary is the best performer with Crocs (CROX) taking flight after a great report. 

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



We are in the thick of earnings’ season and firms that miss consensus are getting hammered. The Street has been monitoring this earnings’ season to assess profit growth, cost pressures and supply-chain disruptions for the rest of the year.


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