Afternoon Note
The market is reversing after the initial CPI pullback faded and now all the major indices are in the plus column. Treasuries have been relatively calm after this morning’s reaction.
The CPI report released this morning presented a mixed bag that keeps the chances for a rate hike in November lower.
We saw health insurance moving in a worrisome direction (+2.1%m/m vs +0.3% in July) and shelter inching up 0.3% and reaching its 40th straight month of gains. The good news on inflation is, some pandemic items are starting to see some actual price “drops.”
Sector performance has been mixed with utilities leading while energy lags.
Airline stocks are contributing to today’s losses in the Industrial sector. This morning, Spirit Airlines (SAVE), Frontier Group (ULCC) and American Airlines (AAL) warned about Q3 guidance.
I will do an Arm Holdings IPO review in tomorrows morning commentary.-CP
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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 |
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