Afternoon Note
By Karina Hernandez, Senior Research Analyst
8/11/2022 2:14 PM
We are digging the resolve of the market today. The spark of the CPI report stalled, and the major indices stalled.
The S&P 500 moved through the key resistance winning the battle against 4,200, hitting its best intraday high (4,257.91) since May of this year and closer to its 50-day moving average.
Nasdaq also hit another fresh intraday high since May after cooling off.
Energy is rallying following news that the IEA (International Energy Agency) raised its forecast for global oil demand growth. Devon Energy (DVN) is the energy sectors’ top performer. Today’s gains are helping the sector narrow this month’s weak performance.
Markets moving in the right direction, but keep in mind, we still have miles ahead of us before inflation normalizes.
| Tweet |
Log In To Add Your Comment
| 9/28/2023 1:34 PM | Changing the Course |
| 9/28/2023 9:40 AM | A PAUSE IN THE PULLBACK |
| 9/27/2023 1:45 PM | Tense Session |
| 9/27/2023 9:39 AM | KEY TEST OF SUPPORT AHEAD |
| 9/26/2023 1:21 PM | Typical Tantrum |
| 9/26/2023 9:50 AM | A LITTLE SPUNK |
| 9/25/2023 1:59 PM | Yields On the Spotlight Again |
| 9/25/2023 9:42 AM | GREEN LEAVES |
| 9/22/2023 1:42 PM | Challenging Week |
| 9/22/2023 9:44 AM | NOT THE END OF THE WORLD |
| 9/21/2023 1:33 PM | First Casualties |
| 9/21/2023 9:46 AM | WAS IT SOMETHING HE SAID? |
| 9/20/2023 1:32 PM | Ready to Pounce |
| 9/20/2023 9:54 AM | LOOKING FORWARD TO THE DOT PLOT |
| 9/19/2023 1:23 PM | Red Letter Day |
| 9/19/2023 9:40 AM | AMERICAN EXCEPTIONALISM |
| 9/18/2023 1:32 PM | Tepid Volume |
| 9/18/2023 9:44 AM | Lots of Angst |
| 9/15/2023 1:33 PM | Lackluster Session |
| 9/15/2023 9:44 AM | KEEPING POWELL OUT OF THE GAME |
| 9/14/2023 1:32 PM | Arm IPO Pops in its debut |
| 9/14/2023 10:08 AM | CONSUMER CHECKUP |
| 9/13/2023 1:33 PM | Mixed Bag |
| 9/13/2023 9:35 AM | MOUNTING TENSION |
| 9/12/2023 1:49 PM | Big Move in Oil |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|