Afternoon Note
Looking for a Spark
By Karina Hernandez, Senior Research Analyst
12/20/2022 1:53 PM
The market is meandering and looking for a spark after four days of losses on fears the Fed’s fight to cool inflation by increasing rates could lead to a recession.
Continued weakness in Consumer Discretionary, with the second largest component, Tesla (TSLA), adding pressure to the sector’s underperformance. The sector is down 10.6% so far this month and down 9.7% this quarter.
Nike (NKE) is reporting after the market closes today. Investors will pay close attention to see how NKE navigated its high inventories and China’s revenue growth.
FedEx (FDX) is another key name reporting after the bell. Its quarterly results serve for many as a proxy for the health of the U.S. economy.
| Tweet |
Log In To Add Your Comment
PREVIOUS COMMENTARY
| 3/31/2023 1:37 PM | Leaving the Station |
| 3/31/2023 9:37 AM | BRACING FOR INFLATION |
| 3/30/2023 1:54 PM | Losing Some Steam |
| 3/30/2023 9:36 AM | A FUNNY WAY OF BEING AFRAID |
| 3/29/2023 1:37 PM | Bottom Fishers |
| 3/29/2023 9:41 AM | TOO CALM AND COMPLACENT? |
| 3/28/2023 1:31 PM | No Fireworks |
| 3/28/2023 9:47 AM | TIME MACHINE RALLY |
| 3/27/2023 1:34 PM | Holding Pattern |
| 3/27/2023 9:59 AM | SUDDENLY, BULLISH IS WHERE IT’S AT |
| 3/24/2023 1:25 PM | Magical |
| 3/24/2023 10:14 AM | YELLEN’S TWO-STEP TRIPS UP THE MARKET |
| 3/23/2023 1:14 PM | Embarrassing Snafu |
| 3/23/2023 9:37 AM | GOVERNMENT OFFICIALS PROTESTING TOO MUCH |
| 3/22/2023 1:23 PM | All Quiet |
| 3/22/2023 9:42 AM | THE MOMENT OF TRUTH #1,309 |
| 3/21/2023 1:12 PM | Lots of Questions |
| 3/21/2023 9:49 AM | WHAT’S INSIDE POWELL’S CRYSTAL BALL? |
| 3/20/2023 1:58 PM | All Over the Place |
| 3/20/2023 9:36 AM | FED COUNTDOWN BEGINS |
| 3/17/2023 1:45 PM | Banks Remain Vulnerable |
| 3/17/2023 9:54 AM | FED VS THE FED (IT’S COMPLICATED) |
| 3/16/2023 1:27 PM | Another Crazy Day |
| 3/16/2023 9:53 AM | THRILL RIDE |
| 3/15/2023 1:43 PM | Economic Data Overshadowed |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|
×
![]()