Afternoon Note
Today’s session is compelling, despite a lot of data that missed Wall Street consensus. The market is not only holding up, but its composition is rotating out of safe-haven sectors.
It's okay for the market to take time, as the S&P 500 is trying to build a foundation above its 200-day moving average.
I like the action in Software as a Service (SaaS) and general software stocks today. Right now, it's difficult to ascertain if the sharp moves higher are oversold bounces or the start of something much bigger.
Comments |
It will be an interesting debate between if everyone understands that the US economy is ready to roll and bring along with it new all time highs or if the naysayer will continue to get in the way with their Debbie downer approach to the New Golden Age. Mike Mayone on 3/25/2025 1:23:08 PM |
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