As represented by the dow jones average, which gained 68 points. And then we had the losers, almost everything in the nasdaq down 1. 39 . Its not done going down, believe me. While the s p 500 fluctuated somewhere in between, ultimately declining 0. 35 . Remember when i said the bulls would love a market that didnt need to rob peter to pay paul . Meaning if there was enough new money coming in from the sidelines, investors wouldnt need to brutally sell stocks in one sector in order to buy them in another. Well, we clearly havent gotten there yet. This market feels pretty zero sum right now. Today there was highway robbery of the techs and the health cares, ransom money to buy shares of industrials and banks and oils. It wasnt exactly what we lets just say its exactly what we dont want to see. We basically ran out of new money to fund a healthy, broadbased advance. And instead went narrow into a couple of soso leadership groups, which is not a positive longer term scenario. You dont wan
While the s p 500 fluctuated somewhere in between, ultimately declining 0. 35 . Remember when i said the bulls would love a market that didnt need to rob peter to pay paul . Meaning if there was enough new money coming in from the sidelines, investors wouldnt need to brutally sell stocks in one sector in order to buy them in another. Well, we clearly havent gotten there yet. This market feels pretty zero sum right now. Today there was highway robby cares, ransom money to buy shares of industrials and banks and oils. It wasnt exactly what we lets just say its exactly what we dont want to see. We basically ran out of new money to fund a healthy, broadbased advance and instead went narrow into a couple of soso leadership groups, which is not a positive longerterm scenario. You dont want fuel stolen from the techs. You dont want fuel stolen from and those dear old bond market equivalent names that arent so equivalent when Interest Rates spike as hard and as fast as they have in the last fe
While the s p 500 fluctuated somewhere in between, ultimately declining 0. 35 . Remember when i said the bulls would love a market that didnt need to rob peter to pay paul . Meaning if there was enough new money coming in from the sidelines, investors wouldnt need to brutally sell stocks in one sector in order to buy them in another. Well, we clearly havent gotten there yet. This market feels pretty zero sum right now. Today there was highway robbery of the techs and the Health Shares of industrials and banks and oils. It wasnt exactly what we lets just say its exactly what we dont want to see. We basically ran out of new money to fund a healthy, broadbased advance and instead went narrow into a couple of soso leadership groups, which is not a positive longerterm scenario. You dont want fuel stolen from the techs. You dont want fuel stolen from the health cares, the equivalent names that arent so equivalent when Interest Rates spike as hard and as fast as they have in the last few week