We had a sneak preview of emerging leadership on the morning of July 12th. That was the morning the June Core CPI came in well below expectations. The immediate rotation into several areas was quite evident and you can see it right here on this RRG Chart: Financials (XLF), industrials (XLI), small caps (IWM), mid caps (MDY), and transports ($TRAN) were all poised to benefit from a change in Fed policy and the beginning of rate cuts. But Fed Chief Powell announced, and botched the announcement, in my opinion, with no rate cut and mentioning that a potential rate cut would be “on the table” for September. Now, I say “botched”, because the FOMC minutes came out two weeks later and the minutes suggested an upcoming rate cut was likely. “Likely” and “on the table” are not the same to me, but maybe others interpret it differently. Anyhow, that Fed…
The past sessions for the markets stayed quite trending; the headline index continued with its upmove. While extending their…
Financial sector stocks are at an all-time high, fueled partly by earnings beats, a favorable and higher interest rate…
It’s All Still Relative The weekly Relative Rotation Graph, as it looks toward the close of this Friday (8/30)…
The thin trading ahead of Labor Day weekend is here. Despite that, on Thursday, the Dow Jones Industrial Average…
In this StockCharts TV video, Mary Ellen reviews the broader markets, including NASDAQ weakness, and the outperformance in the equal-weighted…
After Nvidia (NVDA) dropped after earnings this week, investors are once again reminded of the importance of the semiconductor…
It’s a quiet end to August, with the broader stock market indexes wavering higher and lower. The Market Overview…
In this edition of StockCharts TV‘s The Final Bar, Dave breaks down key sector leadership themes and why growth stocks like…