Afternoon Note
Tired Rally
By Charles Payne, CEO & Principal Analyst
11/11/2024 1:07 PM
The market came out of the gate with some gusto, but it has been a heck of a run, and it looks like the rally is a bit tired.
Financials (XLF) continue to be the biggest S&P 500 benefactor of President Elect Trump.
Technology (XLK) is struggling after a string of earnings mishaps among semiconductors.
It’s going to be interesting to see if there is a boost going into the close; although, Tuesdays have been the weakest day of the week.
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