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 »
Softness in economic and fundamental data has been a boon to equity prices in this cycle because the US equity market has a herd of Unicorns in its midst at present. These Mega Cap. growers insulate the index from the vagaries of various weak economic data if the rate environment doesn’t completely choke out the consumer and thereby the broader economy. Keep XLK and XLC as cornerstones of the portfolio while the present inflation dynamic remains in force.
Narrations of a Sector ETF Operator | Weekly Market Letter, June 9, 2024 Read More »
All eyes will be on the big jobs report out this morning which will give the latest reading on whether the economy is “cooling” or not.
Setting up for Success | ETFsector.com Daily Trading Outlook, June 7, 2024 Read More »
Tech stocks led the advance with Semiconductor names up 4.5% on strength from NVDA and Taiwan Semi.
Setting up for Success | ETFsector.com Daily Trading Outlook, June 6, 2024 Read More »
The JOLTS report came in at its lowest reading in 3-years with market watchers expecting the report to give the Fed. cover to lower rates later this year.
Setting up for Success | ETFsector.com Daily Trading Outlook, June 5, 2024 Read More »
Equities finished Tuesday trading mixed with the Nasdaq adding 0.56% and the S&P 500 following up 0.11% while the Dow gave up -0.30%. A somewhat soft ISM was seen as a catalyst for the mixed results with 10yr yields continuing to move lower in the near-term and Crude Oil down on the day.
Setting up for Success | ETFsector.com Daily Trading Outlook, June 4, 2024 Read More »
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