Slowly but surely, the market is looking better with five sectors edging into the plus column from just two for most of the session.
S&P 500 Index | -0.33% | |
Communication Services XLC | -0.01% | |
Consumer Discretionary XLY | -0.38% | |
Consumer Staples XLP | +0.21% | |
Energy XLE | +0.02% | |
Financials XLF | +0.09% | |
Health Care XLV | +0.02% | |
Industrials XLI | -0.19% | |
Materials XLB | +0.82% | |
Real Estate XLRE | -0.75% | |
Technology XLK | -1.08% | |
Utilities XLU | -0.08% |
Slowly but surely, the market is looking better with five sectors edging into the plus column from just two for most of the session.
I think this is the proverbial calm before the storm.
It begins with the ADP employment report in the morning – I’m rooting for a strong number.
On Thursday, Jay Powell is at a WSJ event and he better say something different. The smallest nugget that suggests real commitment to staving off inflation would provide the biggest spark.
Then, we get the BLS jobs report on Friday.
We raised cash with some banking of big gains in the model portfolio. If you are not a current subscriber to our premium Hotline service, email Info@wstreet.com to get started today.
Join the Conversation
VIP members get the ability to comment on articles.