Afternoon Note
This morning’s, somehow relatively pleasing economic data has been overshadowed by ongoing concerns about growth, debt ceiling uncertainty and angst about regional banks. About the latter, the regional bank index (KRE) has been exactly one day in the green so far, the pain is not over.
Strength in the mega cap stocks has boosted Nasdaq and Communication Services (XLC) into positive territory. Alphabet (GOOG/L) continues its strong momentum following yesterday’s Developers Conference. Amazon.com (AMZN) continues its run after clearing resistance.
Decliners leading advances, most notable at NYSE with an almost 3-to-1 margin.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
819 |
1,529 |
Decliners |
2,073 |
2,667 |
New Highs |
26 |
62 |
New Lows |
73 |
182 |
Up Volume |
535.14 million |
1.30 billion |
Down Volume |
1.33 billion |
1.24 billion |
Tweet |
6/6/2023 1:23 PM | Resolve and Opportunity |
6/6/2023 7:28 AM | RUNNING OUT OF STEAM |
6/5/2023 1:33 PM | So Far So Good |
6/5/2023 9:57 AM | WHAT A TRIP |
6/2/2023 1:37 PM | Jobs Rally |
6/2/2023 9:56 AM | JOBS REPORT ON DECK |
6/1/2023 1:48 PM | Fascinating Resolve |
6/1/2023 9:32 AM | A Punt Not a Pause? |
5/31/2023 1:31 PM | Rolling Over |
5/31/2023 9:44 AM | PAUSE TO ASSESS |
5/30/2023 1:50 PM | Nvidia Jumps |
5/30/2023 9:50 AM | FREE PASS FOR $5.0 TRILLION MORE IN DEFICIT SPENDING |
5/26/2023 1:23 PM | Happy 127th Birthday Dow Jones Industrial Average |
5/26/2023 9:48 AM | Generals Only |
5/25/2023 1:37 PM | Intel Sinks as Nvidia Pops |
5/25/2023 9:55 AM | SURPASSING THE HYPE |
5/24/2023 1:28 PM | A Little Cynical |
5/24/2023 9:38 AM | PRESSURE BUSTS PIPES |
5/23/2023 2:03 PM | Uncertainty Continues |
5/23/2023 9:33 AM | NEW HIGHS ON THE RISE |
5/22/2023 1:44 PM | Somewhat More Positive Day |
5/22/2023 9:48 AM | THE X FACTOR IS EVERYTHING |
5/19/2023 1:49 PM | Debt Ceiling Hiccup |
5/19/2023 9:47 AM | THIS IS IT? |
5/18/2023 1:54 PM | Market Mixed |
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