Afternoon Note
Major indices started the day on a higher note before losing steam as the Street awaits more quarterly results from companies.
The move lower in stocks came alongside a tick higher in bond yield. The 10-year is now hovering near its highs of 2024.
There is relative weakness in Industrials, and it is the worst performing sector this afternoon. Few stories happening in the sector:
Meta (META) is reporting after the bell today, and it is the second “Magnificent Seven” to report (TSLA was the first), bringing with it high hopes for Big Tech earnings. META is in focus after President Biden passed a bill that could lead to a potential ban on TikTok.
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5/21/2024 8:20 AM | FED-SPEAK IS THE MISSION |
5/20/2024 1:14 PM | Precious Metal Surge |
5/20/2024 9:49 AM | Different Kind of Animal Energy |
5/17/2024 1:45 PM | Near Record Highs |
5/17/2024 9:31 AM | DIFFERENT VALUATION METRICS |
5/16/2024 1:23 PM | Dow 40,000 |
5/16/2024 9:40 AM | AUTOPILOT FEELS SO GOOD |
5/15/2024 1:53 PM | New Hope |
5/15/2024 9:41 AM | CHAMPING AT THE BIT (INVESTORS BEGINNING TO CHASE) |
5/14/2024 1:24 PM | Small Moves |
5/14/2024 9:22 AM | Marking Time |
5/13/2024 1:37 PM | Snuffed Out |
5/13/2024 9:37 AM | BRACING FOR MORE INFLATION DATA |
5/10/2024 1:23 PM | Cold Water |
5/10/2024 9:58 AM | IN TUNE |
5/9/2024 1:09 PM | Disconnect |
5/9/2024 9:39 AM | THE SEVENTH (TRADING) DAY OF MAY |
5/8/2024 1:49 PM | Mixed Note |
5/8/2024 9:37 AM | CHANGING NARRATIVES |
5/7/2024 1:50 PM | Building Gains |
5/7/2024 9:36 AM | HOPING MICKEY SAVES THE DAY |
5/6/2024 1:59 PM | Rate Cut Hopes |
5/6/2024 9:17 AM | LOOKING FOR MOMO TO KICK BACK IN |
5/3/2024 1:41 PM | Cheering the News |
5/3/2024 7:33 AM | TIM COOKS THE (RECORD) BOOKS |
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