The Dems' Reactions to Trump's Iran Strikes Proves Again That They Can't Be...
Whose Side Are Democrats Really On?
Can the Left Ever Stop Its Craziness?
The Media Bombs With Its Coverage of the Iran Attack and Leaves Smoldering...
NYC Mayor's Race Watch: A Referendum on National Housing Policy?
A Wise and Frugal Government We Do Not Have, Nor a Virtuous One
Trump Did the Right Thing
There's Nobody to Talk to
The ‘First String’ Is Back in the Game
With Iran Destabilizing the Middle East, American Energy Is More Important Than Ever
Three Years Since Dobbs and the World’s Still Turning
The Senate Must Act to Bring College Costs Under Control
Three Years After Dobbs, the Result Is a Tale of Two Very Different...
One Big, Beautiful Bill: A Blueprint for America's Comeback
Hours After Trump Declares Ceasefire, Iran Denies Agreement, Blames Israel for Starting Wa...
OPINION

What's Really On The Mind Of The Market?

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

Feels like the market wants to take a breather at the start of trading, as its a whirlwind period of excitement. 

Lots of questions this morning, including:

Can the value trade keep up its torrid pace?

Advertisement

I think this will continue, especially in Industrial names.  The upgrade of the morning is UBS going to buy from neutral on Boeing (BA) with target of $300.00

If there is new leadership, where would it come from?

The pattern of investors moving into big tech and communication stocks when they are unsure, should continue.

Will Congress stop punking the market and do something on stimulus?

The bifurcation of Main Street and Wall Street is a reminder we need more than the wealth effect of stocks and the housing boom when government is forcing people not to work and small businesses are folding.

Couple that with that jobs report, and I think we could get stimulus out of Congress this week.

To see the chart, click here.

Will the hot IPO market spark a market wide spike higher?

The answer is yes. There will be additional buzz when AirBnB and Door Dash go public this week.

S&P 500 Index

+0.88%

 

Communication Services XLC

+0.09%

 

Consumer Discretionary XLY

+0.10%

 

Consumer Staples XLP

+0.77%

 

Energy XLE

+5.45%

 

Financials XLF

+1.22%

 

Health Care XLV

+1.07%

 

Industrials XLI

+1.19%

 

Materials XLB

+2.02%

 

Real Estate XLRE

+1.33%

 

Technology XLK

+1.00%

 

Utilities XLU

 

-1.00%

Advertisement

 

Earnings Calendar

Monday

  • Morning JKS (note JKS has already posted a disappointing number)
  • Afternoon CASY, COUP, HQY, SMAR, SFIX, TOL

Tuesday

  • Morning AZO, BF.B, CMD, CONN, GIII, HRB, THO
  • Afternoon AVAV, CHWY, GME, GWERE, MDB, PHR

Wednesday

  • Morning CPB, DBI, LOVE, PLAB, UNFI, VRA
  • Afternoon ADBE, CMTL, GEF, MESA, RH, VRNT

Thursday

  • Morning CIEN
  • Afternoon AVGO, COST, PLAY, LULU, ORCL, MTN

Friday

  • Morning ROAD

Portfolio Approach

There are no changes to the weighting in the Hotline Model Portfolio this morning.

Today’s Session

Let’s get a feel for the mood of the market.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement