Yes, We’re Winning … But Don’t Get Complacent
Bill Maher Annihilates Gen Z and Concedes That Kamala Harris Could Be in...
Here Are Some Details About the Armed Man Arrested at Trump's Coachella Rally
‘More Money Than God’ Isn’t Helping Kamala Harris
Hunters and Anglers Won’t Take Bait from Harris-Walz
What Makes An Election ‘Important’?
No Regrets
I Support Trump Because He Believes in Religious Freedom
The Left Keeps Fanning the Flames of the Trump Hatred
God Called People Far Worse than Trump to Do Great Things, Like Paul...
Democrats Ponder the Hail Mary
Could Antisemitism Cost Kamala Harris the Presidency?
Western Disengagement
Here's Some More Bad News for Kamala
Liar: Biden Tells Hurricane Victims He Knows What It's Like to Be Without...
OPINION

While Crude Oil Implodes, Other Indices Crawl Back

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement
AP Photo/Richard Drew, File

Once again, the market was positioned to yield a lot of ground, opening under pressure as crude oil price imploded.  But major indices have been clawing back since the start of trading and the NASDAQ Composite has turned higher. This resolve continues to be very impressive, although at those levels, it’s been harder to seduce money off the sidelines.  On that note, sellers aren’t motivated either.

Advertisement

The last hour of trading will be intriguing.  I think stocks find another gear, and the S&P 500 joins the NASDAQ to finish higher or the air seeps out of the rally balloon and all major indices close lower – near the lows of the session.

While that might not seem like I’m going out on a limb, the main point is the market probably will not close where its trading right now. 

S&P 500 Index

-1.24%

Communication Services XLC

-0.95%

Consumer Discretionary XLY

-0.86%

Consumer Staples XLP

-1.01%

Energy XLE

-2.73%

Financials XLF

-1.38%

Health Care XLV

-0.84%

Industrials XLI

-1.71%

Materials XLB

-1.31%

Real Estate XLRE

-2.06%

Technology XLK

-1.32%

Utilities XLU

-1.27%

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos