Afternoon Note
The market is bouncing around following the European Central Bank (ECB) signaling a rate hike next month. They didn’t talk about the size of the September hike, but 50 basis points is on the table.
Only two sectors remain in the green currently with Consumer Discretionary exhibiting relative strength with Tesla (TSLA) leading following an upgrade from UBS. Some retailers such as Home Depot (HD), Costco (COST) and Walmart (WMT) are providing support as well.
S&P 500 Index |
-0.52% |
|
Communication Services XLC |
-0.73% |
|
Consumer Discretionary XLY |
+0.51% |
|
Consumer Staples XLP |
+0.49% |
|
Energy XLE |
-0.59% |
|
Financials XLF |
-0.55% |
|
Health Care XLV |
-0.44% |
|
Industrials XLI |
-0.12% |
|
Materials XLB |
-0.66% |
|
Real Estate XLRE |
-0.05% |
|
Technology XLK |
-0.16% |
|
Utilities XLU |
-0.37% |
The S&P finding support at ~4,085 and trading well off its intraday lows.
Cautiously watching the 2-year yield, which jumped above 2.8% for the first time since 2018. The bond market still expects aggressive rite hikes this year.
All eyes on the CPI report tomorrow.
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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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