Afternoon Note
It’s been a very lackluster session with the Nasdaq dropping like a lead balloon and the S&P trying to gain traction but coming up short for now.
It does feel like there is no sense of urgency for buyers to step up.
A lot of red on the screen, but the safest haven sector (Utilities (XLU) and Health Care (XLV) are the least bad performer.
Sharp decline in Consumer Sentiment, which came in well below consensus, as energy prices increased, and a potential government shutdown is on the horizon. Inflation expectations improved modestly, though.
Univ. of Michigan |
Actual |
Consensus |
July |
Sentiment |
67.7 |
69.0 |
69.5 |
Current Conditions |
69.8 |
74.8 |
75.7 |
Expectations |
66.3 |
65.00 |
65.5 |
1 Yr. Inflation |
3.1% |
3.5% |
3.5% |
5-10 Yr. Inflation |
2.7% |
3.0% |
3.0% |
Have a great weekend.
Tweet |
9/28/2023 1:34 PM | Changing the Course |
9/28/2023 9:40 AM | A PAUSE IN THE PULLBACK |
9/27/2023 1:45 PM | Tense Session |
9/27/2023 9:39 AM | KEY TEST OF SUPPORT AHEAD |
9/26/2023 1:21 PM | Typical Tantrum |
9/26/2023 9:50 AM | A LITTLE SPUNK |
9/25/2023 1:59 PM | Yields On the Spotlight Again |
9/25/2023 9:42 AM | GREEN LEAVES |
9/22/2023 1:42 PM | Challenging Week |
9/22/2023 9:44 AM | NOT THE END OF THE WORLD |
9/21/2023 1:33 PM | First Casualties |
9/21/2023 9:46 AM | WAS IT SOMETHING HE SAID? |
9/20/2023 1:32 PM | Ready to Pounce |
9/20/2023 9:54 AM | LOOKING FORWARD TO THE DOT PLOT |
9/19/2023 1:23 PM | Red Letter Day |
9/19/2023 9:40 AM | AMERICAN EXCEPTIONALISM |
9/18/2023 1:32 PM | Tepid Volume |
9/18/2023 9:44 AM | Lots of Angst |
9/15/2023 1:33 PM | Lackluster Session |
9/15/2023 9:44 AM | KEEPING POWELL OUT OF THE GAME |
9/14/2023 1:32 PM | Arm IPO Pops in its debut |
9/14/2023 10:08 AM | CONSUMER CHECKUP |
9/13/2023 1:33 PM | Mixed Bag |
9/13/2023 9:35 AM | MOUNTING TENSION |
9/12/2023 1:49 PM | Big Move in Oil |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|