Afternoon Note
Major indices started the day off lower and are now mixed. There is a lack of conviction on either side of the tape after yesterday’s record high for the S&P 500.
The mixed reaction could be due to higher rates today. The Ten-Year Treasury yield (TNX) is up 5.5 basis points, but still below last week’s highs.
Oil is lower this afternoon after Trump announced he will ask Saudi Arabia and OPEC to lower the price of oil.
Industrials (XLI) is leading the way this afternoon, helped by strong performance of GE Aerospace (GE) and Union Pacific (UNP) reported encouraging earnings results and guidance. Technology (XLK) is the laggard reflecting the underperformance of some mega-cap constituents, that is also contributing to Nasdaq’s performance.
The Fear & Greed index moved from Fear to Neutral territory.
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2/14/2025 1:40 PM | Exhibiting Mixed Action |
2/14/2025 9:51 AM | MAKE LOVE, NOT WAR |
2/13/2025 1:35 PM | Bouncing Back |
2/13/2025 9:54 AM | Feast or Famine Setting In |
2/12/2025 12:59 PM | CPI Reaction Overdone |
2/12/2025 9:54 AM | MARKET RESOLVE |
2/11/2025 1:05 PM | Powell Testimony in Focus |
2/11/2025 9:40 AM | MOMENTUM RULES |
2/10/2025 1:18 PM | Tech Stocks Rebound |
2/10/2025 9:54 AM | INFLATED INFLATION FEARS |
2/7/2025 1:15 PM | Inflation Uncertainty |
2/7/2025 9:41 AM | BIG REMAINS BEAUTIFUL |
2/6/2025 1:00 PM | Quiet Day |
2/6/2025 9:43 AM | BOND DIGGING DOGE |
2/5/2025 1:28 PM | Recovering |
2/5/2025 9:29 AM | RETAIL RIDES THE WAVE AND WALL STREET FROWNS |
2/4/2025 1:03 PM | Financial Media in Overtime |
2/4/2025 9:52 AM | FRIENDS MAKING NICE |
2/3/2025 1:42 PM | Market Reacting to Tariff Headlines |
2/3/2025 9:37 AM | TARIFFS ARE HERE |
1/31/2025 1:33 PM | Mag Seven is Back |
1/31/2025 9:00 AM | WINTER IS HERE |
1/30/2025 1:33 PM | Bumpy Day |
1/30/2025 9:47 AM | POWELL WALKS THIN LINE |
1/29/2025 1:24 PM | Watching for Big Tech Earnings |
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