Afternoon Note
The changing of the momentum guard continues as Technology (XLK) is getting hit, and Utilities (XLU) are galloping ahead.
Technology is under pressure after Apple (AAPL) saw unimpressive sales of its new iPhone. Looks like slapping AI on anything isn't going to work.
I'm actually more interested in Financials (XLF), which were the only sore spot last week. But on that note, I would feel better if big banks were leading the charge.
This is a good session, but you can feel the anxiety building.
Comments |
I love your charts and graphics within your news letter. I would like to see you post your "core" charts somewhere on your website so we could watch them on a frequent basis even it you do not include them in your letter for a few days. Fear and Greed Index, S&P 500 Sectors Performance, Fed Interest Rate Watch, etc. Russell Saliba on 9/16/2024 2:20:42 PM |
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