Afternoon Note
Industrial production increased more than expected at 0.9% m/m in May vs. consensus of 0.3%. This is the best reading since January of 2023.
Other notable readings:
- Mining index rose 0.3%.
- Utilities index rose 1.6%.
Manufacturing production also came in much stronger than expected in May, driven by gains in machinery, despite a pullback in furniture.
Only four sectors are in the red this afternoon with Communication Services (XLC) the biggest laggard. Shares of Meta Platforms (META) are down 1.8% and are Communication Services’ worst performing stock.
Bond Auction
20-year bond auction high demand persists.
The stock market is closed tomorrow in observance of Juneteenth.
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1/14/2025 1:14 PM | Rebound Falters |
1/14/2025 9:48 AM | GOOD BOUNCE BACK |
1/13/2025 1:32 PM | Chipping Away |
1/13/2025 9:41 AM | THE GAME HAS BEEN ALTERED |
1/10/2025 1:10 PM | Under Pressure |
1/10/2025 9:41 AM | ALL EYES ON THE JOBS REPORT |
1/8/2025 1:34 PM | Anxiety in the Air |
1/8/2025 9:50 AM | NASDAQ IS A BEEHIVE |
1/7/2025 1:40 PM | Problematic Bond Market |
1/7/2025 9:48 AM | Stocks of The Future |
1/6/2025 1:26 PM | Continuing Friday’s Momentum |
1/6/2025 9:47 AM | LET 2025 BEGIN |
1/3/2025 1:34 PM | Friday Spark |
1/3/2025 9:28 AM | CATCH THAT PIGEON |
1/2/2025 1:10 PM | Bumpy Start |
1/2/2025 9:47 AM | THE NEW YEAR |
12/31/2024 9:45 AM | HAPPY NEW YEAR |
12/30/2024 12:48 PM | Not The Place To Panic |
12/30/2024 9:44 AM | WALTZING INTO 2025 NOT EASY |
12/27/2024 1:01 PM | Santa Needs Eggnog |
12/27/2024 9:49 AM | POST-CHRISTMAS LOVE FOR BROKEN RETAILERS |
12/26/2024 1:43 PM | Holiday Mode |
12/26/2024 10:15 AM | Santa’s Tired |
12/24/2024 10:04 AM | THE MAG SEVEN GIFT KEEPS GIVING |
12/23/2024 1:14 PM | Mixed Monday |
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