Afternoon Note
Once again, bond yields are setting the pace for the equities market. The ten-year yield is down 4.5% and giving some relief to growth stocks. The ten-year yield support is 2.65%, below there, it would fill a gap at 2.40%.
Right now, only the Communication Services sector is higher on reports Elon Musk will win Twitter (TWTR) and those yields.
The New York Times out with a new job positing:
The tone of the ad belies the goals of the job, but I was struck with how a lot of this can be applied to investing in the market these days.
You need a certain backbone to withstand aggressive drawdowns.
Must have impeccable research to accurately assess the situation when the rest of the market is panicking.
And you must be able to deal with extremist reactions, as the crowd is easy to move in down markets.
The good news is the market always comes back, and I think the untold story, and big reason to buy when the dust settles, will be earnings.
Credit Suisse points out the S&P 500 is on pace for 11.9% earnings gains. At some point, inflation will ebb, but higher wages will remain in place, and I think that gives margins a boost.
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3/28/2024 1:39 PM | Fruitful Quarter |
3/28/2024 9:50 AM | LISTEN TO THE MARKET |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
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