More Democrats Have Landed in El Salvador
Trump Orders Flags at Half-Staff in Honor of Pope Francis
Something Is Off About That Pete Hegseth Op-Ed in Politico
The Establishment Is Terrified
Mass Shooter Who Targeted Hispanics in Racially Motivated Assault Pleads Guilty
Delta Air Lines Plane Carrying 200 Passengers Catches Fire on Runway
Trump Cabinet Member Robbed at DC Restaurant
Austin Metcalf's Father Goes Off on Influencer for Exploiting His Son's Killing
It's Time to Protect Veterans' Gun Rights From the VA
Was That 'Maryland Father' the Unluckiest Man Ever? Or Just a Member...
Rep. James Clyburn Blames Media for Democrats Doing So Poorly
Here’s What Small Business Owners Really Think of DOGE
JD Vance Reacts to Pope Francis’ Passing Shortly After Their Meeting
Fact Check: Politico's Biased, Fact-Challenged Puff Piece on Chris Van Hollen
David Hogg Said What About Democracy?!
OPINION

Chip Shortage & Higher Yields

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

Friday was a seesaw session that saw the S&P 500 edged higher to eke out a gain for the week that began with a disastrous start. But market breadth was negative, especially for the NASDAQ, as rotation from growth into value has become the dominate style impulse.

Advertisement

Market Breadth

NYSE

NASDAQ

Advancing

1,349

1,817

Declining

1,926

2,545

52 Week High

78

97

52 Week Low

44

83

Up Volume

1.52B

1.90B

Down Volume

1.82B

2.01B

Portfolio Approach

This morning, we closed a Technology position in our Hotline Model Portfolio.


Today’s Session

There is more pressure on growth, as supply chain issues are impacting the chip sector and higher bond yields are also making it difficult for mega cap growth. One of the key mega cap names, Facebook (FB), continues to struggle with its image, so its postponing its “kids” version of Instagram.

The ten-year yield is gaining momentum to the upside after breaking out through an ascending triangle last week. The last time yields spurted higher the concern was about how quickly they climbed and not necessarily on the level.


Durable Goods saw business investments climb +0.5%, which is beats Wall Street consensus.

Overall Durable Goods surged 1.8%, which is 200% better than the street consensus of +0.4%,

Key components

  • Nondefense aircraft & parts +77.9%
  • Capital goods +6.7%
  • Transportation +5.5%

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement