Technology Sector December Outlook: We Give the Sector the Benefit of the Doubt Despite Recent Consolidation
Consolidation at the sector level is getting long in the tooth, but we continue to give the Technology shares the benefit of the doubt.
Consolidation at the sector level is getting long in the tooth, but we continue to give the Technology shares the benefit of the doubt.
We are seeing some signs of “AI fatigue” in the stock charts that comprise the Technology Sector
S&P futures are higher Friday morning after a mixed-to-higher close on Thursday, where the S&P 500 snapped its three-day losing streak. Tesla (TSLA) led gains on strong earnings, while software, logistics, managed care, homebuilders, and hotels outperformed. Laggards included rails, hospitals, precious metals, and ride share. Overnight, Asian markets were mixed with Greater China up,
ETFsector.com Daily Trading Outlook, October 25, 2024 Read More »
S&P futures are up 0.5% in Thursday morning trading after US equities posted a third straight decline on Wednesday, the first such streak since early September. Laggards included big tech, semis, autos, retail, beverages, trucking, hotels, and industrial metals. Treasuries firmed as the curve bull flattened, and the Dollar Index fell 0.3%. Gold rose 0.7%,
ETFsector.com Daily Trading Outlook, October 24, 2024 Read More »