Afternoon Note
Technology is crushing it once again, getting a boost from reports that Apple (AAPL) will be a player in EV, and it will be sooner rather than later.
The news adds validation.
Consumers are the key - they keep taking the pain of inflation and spending mostly because it’s been a two-year absence from getting together with family and friends.
But this is becoming more and more a stock pickers market. It has been for a long time, but there was a nice tide that lifted all boats, but now it’s back to greater selectivity.
Tomorrow is a huge day, and while I know there will be gaming the CBO score, it could really put the Build Back Better on the shelf. All eyes are on Manchin who keeps saying the right things, but like this headline:
“Joe Manchin's Vote on Biden's Social Bill 'Not at All' Influenced by Passage in House.”
S&P 500 Index |
+0.21% |
|
Communication Services XLC |
-0.72% |
|
Consumer Discretionary XLY |
+0.49% |
|
Consumer Staples XLP |
-0.71% |
|
Energy XLE |
-0.17% |
|
Financials XLF |
-0.52% |
|
Health Care XLV |
+0.07% |
|
Industrials XLI |
-0.31% |
|
Materials XLB |
-0.35% |
|
Real Estate XLRE |
-0.21% |
|
Technology XLK |
+0.86% |
|
Utilities XLU |
-0.54% |
Tweet |
7/11/2025 1:45 PM | Facing Pressure |
7/11/2025 9:48 AM | CLEAR FOR TAKEOFF |
7/10/2025 1:53 PM | Small Caps Rally |
7/10/2025 9:56 AM | ENOUGH ZEN TO SHARE |
7/9/2025 1:32 PM | NVDA New Milestone |
7/9/2025 9:46 AM | PASSING THE BATON |
7/8/2025 1:33 PM | Seesaw Session |
7/8/2025 9:55 AM | MORE SUMMER BLAHS THAN FEAR OF MYANMAR'S TARIFF |
7/7/2025 1:27 PM | Trade Talks and Profit Taking |
7/7/2025 9:51 AM | LOVING MOOD |
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 |
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