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Afternoon Note

Quiet Day

By Charles Payne, CEO & Principal Analyst
9/5/2023 1:08 PM

A quiet day aside from the oil production news from Russia and Saudi Arabia.

That has Energy stocks are higher, but in the meantime, investors have retreated to the new safe haven names in the Communication Services and Technology sectors.

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We have relegated our few Chinese stock ideas to the Swing trading service, but I'm spying them for a big move soon.  I think the calls for the complete demise are overdone.

Shanghai should have been walloped on more poor economic news, and it wasn't.


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