Morning Commentary
All major indices finished higher yesterday. And while their moves weren’t the stuff of legends, the intraday turnaround speaks volumes to the resolve of this rally. Consumer Staples (XLP) led the way, with nine sectors finishing higher, while only Energy (XLE) and Financials (XLF) closed in the red. Computer storage and memory stocks continue to power ahead.


Appetite for Treasuries
The $39.0 billion auction of 10-year treasuries went off without a hitch, and the yield didn’t erupt higher, as many speculated would happen in the wake of the Fed Powell criminal probe.


Growth (IVW) and Momentum (MTUM) are coming on strong after spinning their wheels for a while.



Economic data picks up.

Hey, Greed is Back!
The Fear & Greed Index finally moved into “Greed.”

Today’s Session
Futures got a boost higher following this morning’s CPI data.
CPI was a victory, coming in at 2.7% YoY in December and in line with expectations. The street was secretly looking for much higher numbers. Core CPI came in at 2.6%, below forecasts of 2.7%. Car insurance and maintenance cooled down, but let’s see January data where insurance premiums usually pop.
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| Main Street Charlotte on 1/13/2026 8:06:09 AM |
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| 9/23/2026 1:09 PM | Rate Hike Fears |
| 9/23/2026 9:29 AM | RECORDS, RIVALS, AND THE RACE FOR AI |
| 9/22/2026 1:17 PM | Digesting Monday’s Rally |
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