Morning Commentary
What a refreshing bounce that survived an onslaught of tariff headlines. I heard about auto tariffs but saw that the standout niche of the session was automobiles and components. A headline about Japanese automakers being worried also seemed odd, considering the big news from Hyundai (HYMTF).
Lots of Green
Yesterday, I had a feeling that Kermit the Frog would like it since it was beyond belief. It was just simple joy that the same headlines that drove algorithms crazy and nudged many investors to sell didn’t work. The heat map was strong, and it wasn’t just Technology (XLK) and Communication Services (XLC) that enjoyed strong outings.
Same Tide
Once again, extended factors climbed higher with momentum and growth, and they retook the lead.
Hanging Tough
Yesterday was the fifth anniversary of the COVID-19 low. A fierce drawdown that established the record for the fastest bear market and fastest recovery.
Judging where the market has come since then, it's critical for all investors to continue holding core positions through ups and downs and, at the very least, to stop panicking. Leave that to the experts.
Today’s Session
More soft data “shock” as the Philly Fed Manufacturing number comes in at the lowest level since May 2020. The plunge in future activity was driven by (drumroll) “uncertainty.”
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4/21/2025 1:23 PM | Magnificent Seven Slide |
4/21/2025 9:44 AM | LONG WEEK |
4/17/2025 1:12 PM | Morning Recovery |
4/17/2025 9:38 AM | POWELL PUNT |
4/16/2025 1:16 PM | Semiconductor Shift |
4/16/2025 9:34 AM | AIRLINES TAKING OFF IN A RECESSION? |
4/15/2025 1:17 PM | Narrow Range |
4/15/2025 9:48 AM | TURN THOSE MACHINES BACK ON, MAYBE? |
4/14/2025 12:41 PM | Race to Reshore |
4/14/2025 9:50 AM | LESS FEAR BUT MORE CONFUSION |
4/11/2025 1:19 PM | Yields Surge |
4/11/2025 9:51 AM | FINDING SEA LEGS |
4/10/2025 1:28 PM | Markets Seesaw |
4/10/2025 9:52 AM | THIS IS A GREAT TIME TO BUY!!! DJT |
4/9/2025 12:52 PM | Bumpy Wednesday |
4/9/2025 9:53 AM | YOU’D BEST START BELIEVING IN TRADE WARS |
4/8/2025 1:20 PM | Losing Steam |
4/8/2025 9:32 AM | FINDING BALANCE |
4/7/2025 12:57 PM | Watching The Tape! |
4/7/2025 9:43 AM | BRACING FOR MORE |
4/4/2025 1:28 PM | Powell Sets The Tone |
4/4/2025 9:33 AM | (ALMOST) CLASSIC CAPITULATION |
4/3/2025 1:36 PM | Hang In There |
4/3/2025 9:50 AM | FIGHTING BACK WITH NEW RULES |
4/2/2025 1:10 PM | A Win-Win Position |
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