Afternoon Note
Rally Broadens
By Charles Payne, CEO & Principal Analyst
7/10/2024 1:15 PM
AI is rocking at the expense of software, but the good news is the rally has broadened today.
Materials (XLB) look better, in part to some seriously oversold opportunities.
On the economic font, Atlanta Fed GDPNow model expects Q2 GDP to gain +2% q/q, with residential investment and next exports in negative territory.
Powell is mostly being asked dumb questions or nudged into agreeing with political talking points.
I'm impressed with the push-back on BASEL III plan (a night might).
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| 9/6/2024 1:27 PM | Topsy-Turvy Market |
| 9/6/2024 9:49 AM | ALL HELL TO BREAK LOOSE |
| 9/5/2024 1:34 PM | Lacking Conviction |
| 9/5/2024 10:07 AM | LOOKING FOR MOXIE |
| 9/4/2024 1:34 PM | Cooling Down |
| 9/4/2024 9:38 AM | CLOBBERED! |
| 9/3/2024 12:55 PM | Hissy Fit |
| 9/3/2024 9:37 AM | WILL THE RALLY KEEP ROLLING? |
| 8/30/2024 1:25 PM | End of Summer |
| 8/30/2024 9:44 AM | FEELING THE WARMTH |
| 8/29/2024 1:27 PM | Rallying even as NVDA fades |
| 8/29/2024 9:45 AM | NOT MEDIOCRE BUT EXPECTATIONS WERE SKY HIGH |
| 8/28/2024 1:54 PM | Nvidia Day |
| 8/28/2024 9:50 AM | DEFYING GRAVITY |
| 8/27/2024 1:34 PM | Nerves Ahead of NVDAs Results |
| 8/27/2024 9:47 AM | TENSION MOUNTS AHEAD OF NVIDIA EARNINGS |
| 8/26/2024 1:25 PM | Rotation to Software |
| 8/26/2024 9:45 AM | POWELL SEES THE LIGHT |
| 8/23/2024 1:10 PM | Official Start |
| 8/23/2024 9:36 AM | NERVES AHEAD OF POWELL’S SPEECH |
| 8/22/2024 1:33 PM | Bad News is Bad News |
| 8/22/2024 9:56 AM | TAKE THIS JOB AND SHOVE IT! |
| 8/21/2024 1:04 PM | Bottom Fishing |
| 8/21/2024 9:48 AM | PAUSE ON THE ROAD TO NEW HIGHS |
| 8/20/2024 1:01 PM | Juxtaposition |
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