Afternoon Note
Markets are making the move as the Street awaits the progress on the debt ceiling debate and Jerome Powell’s speech on Friday.
This morning, the Dallas Federal Reserve Banking Conditions warned that banks have continued to see loan demand tightening, the most in six years, speeding the possibility of a credit crunch, and in turn, a recession. The data comes after the Fed’s SLOOS (Senior Loan Officer Opinion Survey) reported a drop in loan demand and an increase in credit terms last week.

Six sectors are trading in the green, led by Technology and Financials. The rebound action in regional banks has been a source of support for Financials today.

Retail sales and a selection of housing data will be the highlights in this week’s economic data reports.

Three more Fed speeches today.

Let’s see if we can hold onto gains into the closing.
| Tweet |
| 7/2/2026 1:26 PM | Investors Continue to Rotate |
| 7/2/2026 9:47 AM | MARKET GETTING A LITTLE CHOPPY |
| 7/1/2026 1:32 PM | Solid Footing |
| 7/1/2026 9:41 AM | WHAT A YEAR …AND IT’S ONLY HALFWAY OVER |
| 6/30/2026 1:30 PM | Broadening Move |
| 6/30/2026 9:23 AM | MORE TO SPACE THAN ELON |
| 6/29/2026 1:20 PM | Morning Recovery |
| 6/29/2026 9:34 AM | MARKET'S STRONGER THAN YOU THINK |
| 6/26/2026 1:33 PM | Grinding Off the Lows |
| 6/26/2026 9:23 AM | THE CARD CHANGES |
| 6/25/2026 1:14 PM | Mega-Cap Movement |
| 6/25/2026 9:40 AM | IRRATIONAL PESSIMISM HURTS INVESTORS |
| 6/24/2026 1:11 PM | Twin Tailwinds: Rates and Oil Slide |
| 6/24/2026 9:44 AM | MICRON STEPPING UP TO THE PLATE |
| 6/23/2026 1:06 PM | Tuesday Takes a Breather |
| 6/23/2026 10:00 AM | SLUGGISH |
| 6/22/2026 1:12 PM | Green Beneath the Red |
| 6/22/2026 9:45 AM | MICRON IN THE BATTER'S BOX |
| 6/18/2026 1:21 PM | Freedom Compounds |
| 6/18/2026 10:00 AM | WARSH'S WORLD |
| 6/17/2026 1:12 PM | Warsh at the Plate |
| 6/17/2026 9:41 AM | SEMIS SLIP AS WORLD WATCHES SPACEX |
| 6/16/2026 1:19 PM | Better Under the Hood |
| 6/16/2026 9:19 AM | WHOOP, THERE IT IS! |
| 6/15/2026 1:06 PM | More Than Just Iran |
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