Afternoon Note
The market is mixed this afternoon, and is rebounding from the worst 3-day selloff since 2020. It seems the sentiment of people buying is still not there; however, volatility remains here. In midday trading, the Dow Jones gained 111.3 points, the S&P 500 increased 39 points while Nasdaq is gaining 259 points.
This morning, President Biden delivered a speech to discuss his plan to fight inflation. This was not the best Biden’s speech in both content and delivery. Among other things, the President regurgitates the same old dry and devise excuses for presiding over harshest inflation felt in four decades.
Six out of the eleven sectors are in the green, including top-weighted technology. Apple (AAPL) and Microsoft are holding onto gains as yields decrease for the second day in a row.
|
S&P 500 Index |
+1.00% |
|
|
Communication Services XLC |
+1.68% |
|
|
Consumer Discretionary XLY |
+0.77% |
|
|
Consumer Staples XLP |
-0.32% |
|
|
Energy XLE |
+0.35% |
|
|
Financials XLF |
-0.31% |
|
|
Health Care XLV |
+0.78% |
|
|
Industrials XLI |
+0.02% |
|
|
Materials XLB |
-0.00% |
|
|
Real Estate XLRE |
-0.88% |
|
|
Technology XLK |
+2.83% |
|
|
Utilities XLU |
-1.10% |
The retreat in the ten-year is a welcome sign.

All eyes on CPI report tomorrow.
Let’s not force the issue here.
| Tweet |
| 10/5/2026 7:02 AM | LOOKING FOR BREAKOUTS |
| 10/2/2026 1:08 PM | A Friday Lift |
| 10/2/2026 9:41 AM | A GENTLE WAVE |
| 10/1/2026 1:15 PM | Volatile Start |
| 10/1/2026 9:28 AM | THE SILENT BEAR & RAGING BULL |
| 9/30/2026 1:35 PM | Waiting on Micron |
| 9/30/2026 9:42 AM | SALAD DAYS FOR SUPER INTELLIGENCE |
| 9/29/2026 1:38 PM | Weak Tone |
| 9/29/2026 9:35 AM | STRANGE DAYS INDEED |
| 9/28/2026 1:15 PM | A Soft Start to the Week |
| 9/28/2026 9:35 AM | BOND MARKET HISTORY LESSON HELPS |
| 9/25/2026 1:21 PM | Diplomatic Hopes Set the Mood |
| 9/25/2026 9:38 AM | THE LEAD HORSES ARE BACK |
| 9/24/2026 1:20 PM | Yields Set the Tone |
| 9/24/2026 9:35 AM | TOO HOT? |
| 9/23/2026 1:09 PM | Rate Hike Fears |
| 9/23/2026 9:29 AM | RECORDS, RIVALS, AND THE RACE FOR AI |
| 9/22/2026 1:17 PM | Digesting Monday’s Rally |
| 9/22/2026 9:36 AM | A Strong Start to the Week |
| 9/21/2026 1:14 PM | Monday Momentum |
| 9/21/2026 9:33 AM | Tech Poised to Surge |
| 9/18/2026 1:32 PM | Yields Overshadowing Chip Strength |
| 9/18/2026 10:09 AM | REMEMBER 3D PRINTING? |
| 9/17/2026 1:29 PM | Bounce Back Thursday |
| 9/17/2026 9:45 AM | TIME FOR WARSH TO LEARN BLACKJACK AND BOXING |
| More commentary archives | |
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