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Afternoon Note

Rally Broadens

By Charles Payne, CEO & Principal Analyst
7/10/2024 1:15 PM

AI is rocking at the expense of software, but the good news is the rally has broadened today. 

Materials (XLB) look better, in part to some seriously oversold opportunities. 

On the economic font, Atlanta Fed GDPNow model expects Q2 GDP to gain +2% q/q, with residential investment and next exports in negative territory.

Powell is mostly being asked dumb questions or nudged into agreeing with political talking points. 

I'm impressed with the push-back on BASEL III plan (a night might). 

Jan. 1st 2020 my account was $94,000. Saving for years and funds not doing much of anything. I have been watching your show for a about a year and decided to get help. I just followed your investment principles, followed your investment ideas (most ideas are great, some not so much) but....today, 4 years later, $551,918.09. I can't begin to tell you how thankful I am to you and your team. Thank you for the knowledge and investment principles, you are my financial angel. We did this !!! I will continue to watch and learn.

Michael D'Onofrio on 7/10/2024 3:48:21 PM

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