Afternoon Note
It has been a soft start for the market, and given the gains from last week, this is not surprising.
Seven sectors are in red led by Real Estate and Financials. Health Care and Consumer Staples top the gainers.
The economic calendar this week is light, the spotlight will be on third quarter earnings and a parade of Fed speakers. This morning, in a speech at Duke University, Fed Governor Lisa Cook emphasized the resilience of the U.S. financial system. She highlighted the modest household debt levels owned primarily by strong credit consumers.
Fed Speakers This Week:
*FOMC MEMBER WALLER (TUES. 10:00AM)
*FOMC MEMBER LOGAN (TUES. 1:25PM)
*FED CHAIR POWELL (WED. 9:15AM)
*FED VICE CHAIR JEFFERSON (WED. 4:45PM)
*FED CHAIR POWELL (THURS. 2:00PM)
Breadth shows there is not a lot of conviction on either side of the tape.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
809 |
1,556 |
Decliners |
2,020 |
2,565 |
New Highs |
33 |
37 |
New Lows |
16 |
82 |
Up Volume |
464.2 million |
838.6 million |
Down Volume |
1.16 billion |
1.48 billion |
Tweet |
7/26/2024 1:36 PM | Friday Recovery |
7/26/2024 9:29 AM | WRAPPED AROUND YOUR FINGER |
7/25/2024 12:58 PM | A Look at GDP |
7/25/2024 9:57 AM | TURNING THE PAGE ON RESOLVE |
7/24/2024 1:49 PM | Vulnerable Market |
7/24/2024 9:47 AM | Mega Misses |
7/23/2024 1:04 PM | Lay Summer Session |
7/23/2024 9:25 AM | MOST EXPANSIVE BREADTH = GREATER OPTIMISM |
7/22/2024 1:23 PM | Rebounding |
7/22/2024 9:47 AM | WILL THE HUNT FOR VALUE CONTINUE? |
7/19/2024 1:32 PM | Under Pressure |
7/19/2024 9:56 AM | STAR FOR ONLY A WEEK? |
7/18/2024 1:30 PM | All Eyes on Netflix |
7/18/2024 10:18 AM | BIG BETS ON TRUMP TRADE |
7/17/2024 1:37 PM | Technology Troubles |
7/17/2024 9:59 AM | EMPHATIC! |
7/16/2024 12:44 PM | AI Drifting Lower |
7/16/2024 9:52 AM | NEW KIND OF WINNING |
7/15/2024 1:32 PM | Small Caps On The Move |
7/15/2024 9:50 AM | FULL SPEED AHEAD |
7/12/2024 12:56 PM | Intriguing Small Caps |
7/12/2024 9:48 AM | IT’S GOOD TO BE THE KING |
7/11/2024 1:25 PM | Equal Weight Comeback? |
7/11/2024 9:42 AM | CALLING ALL STOCKS |
7/10/2024 1:15 PM | Rally Broadens |
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