Afternoon Note
Markets are seeing another seesaw session as investors brace for the Fed’s decision. The major average held onto gains even after a weaker-than-expected May retail sales.
For weeks, the members of the Fed have been saying they’re on board with increasing their key policy rate by 50 points at each of the next two meetings. Investors are now pricing in a 75-basis point hike when the FOMC announces its decision this afternoon.
|
Institution |
Estimates |
|
Barclays |
+75bps |
|
Deutsche Bank |
+75bps |
|
Goldman |
+75bps |
|
JPMorgan |
+75bps |
|
Jefferies |
+75bps |
|
Nomura |
+75bps |
|
Bank of America |
+50bps |
|
Morgan Stanley |
+50bps |
|
S&P 500 Index |
+0.94% |
|
|
Communication Services XLC |
+1.72% |
|
|
Consumer Discretionary XLY |
+2.26% |
|
|
Consumer Staples XLP |
-0.01% |
|
|
Energy XLE |
|
-0.86% |
|
Financials XLF |
+1.31% |
|
|
Health Care XLV |
+0.67% |
|
|
Industrials XLI |
+0.81% |
|
|
Materials XLB |
-0.13% |
|
|
Real Estate XLRE |
+1.44% |
|
|
Technology XLK |
+1.60% |
|
|
Utilities XLU |
+0.13% |
The NAHB Sentiment feel in June of 67 from 69 and in-line of consensus.
| Tweet |
| 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 |
| 9/16/2026 1:19 PM | Setting the Stage |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|