Afternoon Note
The S&P 500 faded at the open, as usual, but it didn’t break down thanks to early strength in most sectors.
The Russell 2000 is bouncing off support, but it is still an ugly situation.
Communication Service is the best performer driven by strong gains from Meta Platforms (META).
Existing home sales
Leading Economic index reversed lower in March -0.3%m/m vs. consensus -0.1%.
March existing home sales were -4.3% m/m vs. consensus -4.1%, and +9.5% in February. Despite this weak report, homebuilder stocks are rebounding nicely in today’s action following D.R. Horton’s (DHI) better-than-expected Q2 results.
Netflix (NFLX) is reporting after the bell. Let’s see what they say about the consumers' appetite for spending.
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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 |
6/11/2025 9:50 AM | LOW-KEY PARTY |
6/10/2025 1:23 PM | Tuesday Reversal |
6/10/2025 9:45 AM | TWISTS & TURNS |
6/9/2025 1:20 PM | Small Caps Continue to Outperform |
6/9/2025 9:50 AM | TRUST THE FRIDAY RALLY IN THE AGE OF FEAR & LOATHING |
6/6/2025 1:17 PM | Small Caps Jump |
6/6/2025 9:49 AM | Sideshow |
6/5/2025 1:26 PM | Five Below Gets a High-Five |
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