Slightly softer than expected retail sales keep the policy speculators leaning toward cuts. Tomorrow is a market holiday, and Fed comments Tuesday afternoon didn’t offer anything to dislodge the prevailing AI momentum.
ETFsector.com Daily Trading Outlook, June 19, 2024 Read More »
Surveying the daily news and commentary, we continue to see more concerns among the bearish crowd that we are in a bubble. We politely disagree. Historically there is often consolidation heading into November during presidential election years, but we are in a clear bull market with well-defined leadership at present.
ETFsector.com Daily Trading Outlook, June 18, 2024 Read More »
Equities closed mixed on Friday with the Nasdaq printing a 4th record high for the week up 0.12%. The S&P 500 was off 0.04% while the Dow gave back 0.23% to close out the week. CAT and BA dragged down the Dow while cruise lines were the worst performers in the S&P 500. Futures for
ETFsector.com Daily Trading Outlook, June 17, 2024 Read More »
The macro picture underpins a growing disconnect between the index level trends for equities and the breadth beneath the surface. Leadership is becoming narrow.
ETFsector.com Daily Trading Outlook, June 14, 2024 Read More »
Markets have tailwinds of lower rates and lower crude (-0.23% WTI) in June and the bull trend is clearly established. XLK and XLC are beneficiaries, and with rates sinking lower, homebuilders have potential to join the party.
ETFsector.com Daily Trading Outlook, June 13, 2024 Read More »
Two more record closes today as the Nasdaq added 0.88% while the S&P 500 added 0.27% to yesterday’s record close. The Dow fell 0.31% on weakness from AXP and BA. ORCL reported after-hours with shares trading +8% in the after-hours session. AVGO reports tomorrow. Wednesday is the big day of the month with CPI data
ETFsector.com Daily Trading Outlook, June 12, 2024 Read More »
Another record close for the for the Nasdaq as it added 0.4% and the S&P 500 which edged up 0.3%. The Dow also added 0.2% as market participants bet the Fed would hold rates steady at its Wednesday FOMC meeting.
ETFsector.com Daily Trading Outlook, June 11, 2024 Read More »
Commodities prices came under pressure last week after a sharp rally and Crude has traded down to near-term support. Rates have followed suit by moving lower. This keeps the macro environment supportive of a combination of Growth and Low vol.
ETFsector.com Daily Trading Outlook, June 10, 2024 Read More »
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