Afternoon Note
At midday, the major indices are rocking on hopes for a debt ceiling deal, as well as better economic data. Only 3 sectors are in the red. The best performing sectors are Consumer Discretionary and Technology, which are being bolstered by mega cap stocks.
Market breadth is decidedly bullish with advancers leading decliners by an almost 3-to-1 margin at the NYSE and NASDAQ.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
2,102 |
2,763 |
Decliners |
785 |
1,386 |
New Highs |
41 |
88 |
New Lows |
62 |
112 |
Up Volume |
1.34 billion |
1.70 billion |
Down Volume |
393.2 million |
677.4 million |
As for the debt talks, they appear to be nearing the end amid reports that a potential deal would increase the debt ceiling and cap federal spending on most items for two years.
Inflation figures are reinforcing the view that pricing pressures continue, and spending is healthy. Next week’s jobs report looks like the last hope for the Fed pausing its tightening cycle next month.
Have a great Memorial Day weekend.
Tweet |
5/8/2025 1:49 PM | First Trade Deal |
5/8/2025 9:37 AM | POWELL SEES NOTHING |
5/7/2025 12:53 PM | Powell Under Pressure |
5/7/2025 9:48 AM | THE LUXURY OF BEING GREEDY |
5/6/2025 1:20 PM | Anxiety Continues |
5/6/2025 9:45 AM | ANXIETY RETURNS |
5/5/2025 1:18 PM | Market Consolidating |
5/5/2025 9:41 AM | MID-CAP MUSCLE |
5/2/2025 1:19 PM | Labor Market Resilience |
5/2/2025 9:57 AM | BACK TO THE STARTING LINE |
5/1/2025 1:31 PM | Big Tech Resilience |
5/1/2025 9:52 AM | MAMA SAID |
4/30/2025 1:35 PM | Midday Recovery |
4/30/2025 9:52 AM | BIG HITTERS ON DECK |
4/29/2025 1:49 PM | Fluctuating |
4/29/2025 9:48 AM | BUY SIGNALS & RECESSION TALK |
4/28/2025 1:22 PM | Earnings Angst |
4/28/2025 10:03 AM | BIG TEST |
4/25/2025 1:16 PM | Quiet Friday |
4/25/2025 9:57 AM | HYSTERIA TO HOPE |
4/24/2025 1:12 PM | Solid Session |
4/24/2025 9:35 AM | VIOLENT SWINGS AND THE RECOVERY |
4/23/2025 1:45 PM | Fears Ease |
4/23/2025 9:38 AM | FUNDAMENTALS & HOPE |
4/22/2025 12:42 PM | Tuesday Reputation |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|