The market is edging higher, although growth is stalling. Interestingly, bond yields are actually lower, but this market is still in a game of ping pong that sees buyers bounce back and forth from one investment theme to another - often without rhyme or reason.
S&P 500 Index | +0.09% | |
Communication Services XLC | -0.20% | |
Consumer Discretionary XLY | +0.21% | |
Consumer Staples XLP | +0.65% | |
Energy XLE | +1.18% | |
Financials XLF | +0.47% | |
Health Care XLV | -0.11% | |
Industrials XLI | +0.71% | |
Materials XLB | +0.06% | |
Real Estate XLRE | -0.34% | |
Technology XLK | -0.26% | |
Utilities XLU | -0.21% |
The one emerging trend that could supersede any emotional reaction to a stronger than expected jobs report is stronger than expected earnings reports.
I’m feeling great about stocks, but not the broad market, as winners are going to win big, and losers will lag big.
We are taking a huge gain on ETSY - make sure you have some clean powder. If you are not a current subscriber to our Premium Hotline Service, email Info@wstreet.com to get started today.