Semiconductors are negative, largely due to TSM (14% of the ETF). Taiwan has a water shortage, and it takes a lot of water in those semi foundries. Might be even harder to get semiconductors.
Today's 10 year treasury auction seems to have went over well, prices are stable. Should see the momentum continue. The stimulus package is a done deal " so far" More and more states are opening back up. People are ready to go back to work. I'm not adding anything yet.
Growth underperforming a little bit despite bonds yields are pretty stable today, wouldn't read too much into it though since growth bounced so hard yesterday.
DOW might be the best bet to continue to make new ATH, it can go up whether value or growth outperform on the day since it has just 30 stocks Technology is big part of the SPX so it is hard to avoid a down day when tech struggles badly. Bonds yields are pretty stable for the day, if we don't see big surge for yields again then I think growth stocks will be getting some love again for the near term after getting beaten up pretty badly
Stocks open down but after 4 days of great gains I'm not surprised. Most positions of mine are starting in the red except KMI and GTN. Novavax is still green actually but it gave up some of the gains from last night.
Overall not too bad so far, would have thought tech would be down a lot more when bonds yields are moving up quickly like today. Still selling some of my tech stocks after some gains from earlier this week and moving more into value due to rising bonds yields
Curious to see how the rest of power hour goes. May just see the 2% yield very soon. 1.9 trillion is a TON of debt added to the already huge pile. Its make or break time. Still mostly cash and holding my same 3 positions. No open trades over the weekend.
VIX is almost back to 20. 10 year is inching up. Investors are dancing in the streets. I'm hanging out with my little red birdie.
didn't really get to do much with the market this week unfortunately as real life events took hold. but, it's interesting to see the divergence in the majors continues. seems like either the dj30 is leading bigly and the nazzy is laggy, or vice versa. been a while since i've seen something like that persist for this long. hope y'all's been doing great. it's been a while. hard to believe we're already nearly midway through march. and nearing the end of q1 already.
looks like vix flirting with a sub 20 close here ... i believe if it would only be its 2nd closing print below 20 since the whole covid pandemic began
