ETFsector.com Daily Trading Outlook, September 18, 2024
S&P Futures are up 0.1% in Wednesday morning trading after a mostly flat session on Tuesday. The S&P 500 briefly hit a new all-time high
S&P Futures are up 0.1% in Wednesday morning trading after a mostly flat session on Tuesday. The S&P 500 briefly hit a new all-time high
Lower rates and weak commodities prices have investors favoring low vol., high yielding sectors in the near-term
S&P futures are up 0.3% in early trading on Tuesday, following a positive start to the week despite a pullback in the Mag 7 tech
US equities finished higher in Friday trading, with the Dow up 0.72%, S&P 500 up 0.54%, Nasdaq up 0.65%, and the Russell 2000 surging 2.49%.
We think XLY and XLU are the sectors to watch. Both are overbought in the near-term, hard to believe they both could continue higher from here. We start the month giving XLU the nod, but we are ready to pivot if min vol. sectors can’t sustain leadership.
Equities have bounced from oversold conditions with momentum and high beta improving in the near-term.
S&P futures are up 0.2% in Friday morning trading, extending the rally as both the S&P and Nasdaq head for a fourth consecutive positive session.
Equities moved higher on Wednesday with a rebound in AI sentiment leading to Tech. and Nasdaq outperformance. For the day, the Nasdaq composite led the
Low vol. and income generating stocks have been the market’s preference since July 1. Macro trends will be pivotal in determining if this dynamic is more than short-term. We expect equities to resolve their present consolidation to the upside by year-end, but will be watching to see if support holds.
S&P futures are down 0.1% in Wednesday premarket trading, recovering from earlier lows. On Tuesday, US equities closed mostly higher, led by tech after Oracle’s
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