Afternoon Note
Major indices showed a bit of a resurgence intraday; but have been in seesaw so far. The market is a little anxious today with the Fed minutes at 2 pm, bond auction results and the highly anticipated Jobs report on Friday.
The Ten-Year Treasury Yield (TNX) briefly surpassed the 4.7% level this morning before falling just below it.
Bitcoin (BTC) is also seeing some continued weakness, currently down 3.72% at $93,596.95.
The only sector in the green is Health Care (XLV), up 0.11%. Meanwhile the two laggards are Utilities (XLU) and Communication Services (XLC).
The 30-year bond auction saw better demand than last time and high yield below when issue. Overall, it was a good auction, investors are still willing to buy bonds.
Market breadth is decidedly negative, but volume is a bit light.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
760 |
934 |
Decliners |
2,004 |
3,328 |
New Highs |
16 |
42 |
New Lows |
115 |
135 |
Up Volume |
502.67 million |
1.64 billion |
Down Volume |
1.51 billion |
4.03 billion |
NYSE and Nasdaq will close their equity and options markets tomorrow, observing a National Day of Mourning.
Tweet |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
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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 |
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