Yesterday, a forged consultation for the market, which saw all primary indices rise, led to the Russell 2000. The S-P 500 boosted the generation and care of fitness. The first was driven through software and semiconductor names, while the effects and news of transactions drove the latter.
The S-P 500 has returned to the point since February 21.
S-P 500 index
0,72%
XLC Communications Services
0,09%
XLY Discretionary Consumer
-0,21%
Basic XLP consumption
-0,27%
XLE Energy
0,36%
Finance XLF
0,29%
XLV Healthcare
1,03%
XLI Industrial
0,42%
XLB Materials
-0,56%
XLRE Real Estate
-1,60%
XLK technology
2,46%
XLU Utilities
-1,09%
The duration of the market is very impressive, especially with the names that achieved new maximums of 52 weeks. On the NASDAQ, the 227 new caps are the highest since February 19. But it’s the volume of volume that accumulates that bothers me. A ratio of 3: 1 with an accumulation of 3 billion is remarkable.
Market size
New York Stock Exchange
Nasdaq
Progress
1 912
2 412
In decline
1090
976
Higher in weeks
130
227
Minimum of 52 weeks
18
24
Increases volume
$2.84 billion
3.12B
Turn the volume down
$1.64 billion
1.06B
Electric and trucking
When I was a kid, I had an electric slot game that was fun. My car would never stay on the track because I took corners too fast in corners. It was great. If you’d told me at the time that one day we’d be on the edge of electric cars everywhere, I wouldn’t have believed you.
Besides, I’m 10 years old.
However, the irony is that the coming wave of electric cars is new. On the contrary, the automotive market is about to return to the future.
In 1900, electric cars had a much higher market percentage than gas and only less than steam. I read about electric delivery trucks driven by 14-year-olds in the early 20th century, and now everything is going backwards (cars, not 14-year-old drivers).
Percentage of the automotive market 1900
38%
Electric
40%
Steam
22%
Gasoline
I’ve been following this area for years. Long-ago subscribers can love Plug Power (PLUG), Capstone Turbine Corp (CPST) and Ballard Power Systems (BLDP); more recently, my list of electrical surveillance has appeared in commercial services. While I don’t like the concept that world governments are forcing consumers to buy electricity, this will be done as a hockey stick, and long-term investors will “buy and hold” will earn a lot of cash if they have the right names:
Electric watch list
Portfolio approach
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Today’s session
Over the next two months, several production reports indicated that corporations expected a sharp uptick in six months. However, there is growing evidence that the uptick is occurring much earlier.
On Friday, Chicago’s PMI reached 51.9, surpassing the estimate of 43.5 and surpassing June 36.6.
Yesterday, the US ISM manufacturing PMI rose to 54.2 in July 2020, up from 52.6 last month and above market expectations of 53.6.
Like chicago’s exit, the national figure was driven through new solid orders: -5.1 percentage emissions at 61.5 and production -4.8 percentage emissions at 62.1. These are the two maximum vital elements of the report (30% and 25%, respectively).
Other parts (changes in percentage points)
Up to 3 months in a row, at the replacement rate since March 2019, the report is very encouraging.
To see the chart, here.
There are different winners and losers.
That’s how a conservative journalist rushed to save a wounded in Kenosha
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