Afternoon Note
Major indices are mixed ahead of tomorrow’s CPI index for August. The reading may not influence the Fed ahead of its September meeting, but it will likely set the tone in the following weeks, as Powell weighs the next steps against inflation.
The Street expects an increase of 0.6%, which could boost the 12-month rate to 3.6% from 3.2%.
The median household income by retailer list released by Goldman yesterday is an interesting one. The report says the median household of a TJ Maxx (TJX) shopper is $87k vs. Burlington at $77k or Rost (ROST) at $74k. It raised a big question too, why Banana Republic (GPS) promotes so hard despite its affluent consumer?
Notably, in the 5-year time frame, mid and lower-end retailers have had the best performance.
Crude oil rose 2% and is nearing the $90 mark. The move is propelling the energy sector to lead its peers by a wide margin. Disappointing quarterly results and guidance from Oracle (ORCL) are pouring some cold water on the Technology sector, which sits at the bottom of the board.
Apple (AAPL) is holding an event today and will provide updates on some products such as the iPhone 15, ios17, USB-C charger, AirPods, etc. AAPL is down on the day, but off the worse levels.
Tweet |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
6/23/2025 1:47 PM | Getting Some Resolve |
6/23/2025 9:51 AM | BRACING |
6/20/2025 1:29 PM | Second Triple Witching |
6/20/2025 9:38 AM | POWELL BLEW IT |
6/18/2025 12:41 PM | FED Day |
6/18/2025 9:45 AM | ROOM WITH A VIEW |
6/17/2025 1:26 PM | Tension Continues |
6/17/2025 9:50 AM | THE BIG TECH TEN & CO |
6/16/2025 1:34 PM | Fears Subside |
6/16/2025 9:44 AM | DRUMBEATS OF PEACE |
6/13/2025 1:30 PM | Showing Resilience |
6/13/2025 9:37 AM | THE NEW NUCLEAR AGE |
6/12/2025 1:27 PM | Interest Rates in Focus |
6/12/2025 9:35 AM | ENTER GEOPOLITICAL RISK |
6/11/2025 1:38 PM | Fed in Tough Spot |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|