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Afternoon Note

Pressure Overall

By Karina Hernandez, Senior Research Analyst
4/12/2024 1:37 PM

The market is a sea of red and on track for weekly losses after mega cap stocks and semiconductors stocks retreated, while big banks fell after reporting mixed quarterly earnings.

Geopolitical tensions in the Middle East are also adding pressure to the market this afternoon. The volatility index “VIX” is up 25% and on track to its biggest daily jump since 2022.

On the economic front, the Consumer Sentiment index declined more than expected in April to 77.9. Inflation expectations for one and five-to-ten years moved up notably this morning.

1 year


5-10 year

Stay nimble but stay in the game. 

Have a great weekend. 


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