Four Charts You Should Pay Attention To
While I’m away on vacation for the next two weeks, here are four charts you should be watching.
That’s a Wrap!
The major domestic equity indices closed flat to slightly lower on Thursday after having tested much lower levels earlier. The S&P 500 and Nasdaq Composite both closed very close to flat on the day. It appears that Washington and Tehran are exploring what would be a phased arrangement that would restore the ability of commercial traffic to navigate the Strait of Hormuz.
Four of the 11 S&P sector SPDR ETFs closed higher, with Communication Services ($XLC) atop the performance tables. The Materials ($XLB) were the big losers. Everpure ($P) was the top-performing stock in the S&P 500, while Gen Digital ($GEN) was the worst.
Though stocks rallied well off of their lows, crude oil did not rally and Treasury debt securities sold off yet again. The U.S. 10-year Note paid 5.19% by day’s end, up 8 basis points.
The big news of the day for single stocks was probably made by Oracle ($ORCL). The stock fell 3.5% after Bloomberg News reported that the company was citing force majeure in order to protect itself from a data center project being built in New Mexico if it is delayed.
Have a good night gang. Dougie, I believe, will be out again tomorrow, but someone else is destined to be here with you as I cannot work through the close tomorrow.
Get some rest, gang and God bless. Zero dark-thirty comes early.
Position: None
Hope of Iran Deal Bounces Stocks But Can’t Fix Oil or Bond Problems
Stocks spiked on a headline about progress in the Middle East, but the issue is what did not move.
Tonight’s Earnings Headliner
Position: None
Baseball Trivia Answer
Question:
Pete Rose is Major League Baseball’s post-integration (since 1947) leader in plate appearances. Rose stepped up to the plate 15,890 times between 1963 and 1986 for the Cincinnati Reds, Philadelphia Phillies and Montreal Expos. Only four other hitters have stepped to plate 13,000 times or more since 1947. Who are they?
Answers:
1) Pete Rose (CIN, PHA, MTL) 1963-1986 15,890 PA.
2) Carl Yastrzemski (BOS) 1961-1983 13,992 PA.
3) Henry Aaron (Braves, MIL) 13,941 PA
4) Rickey Henderson (OAK, NYY, LAA, BOS, LAD, NYM, SDP, SEA, TOR) 13,346 PA.
5) Albert Pujols (STL, LAA, LAD) 13,041 PA
Baseball Trivia
Pete Rose is Major League Baseball’s post-integration (since 1947) leader in plate appearances. Rose stepped up to the plate 15,890 times between 1963 and 1986 for the Cincinnati Reds, Philadelphia Phillies and Montreal Expos.
Only four other hitters have stepped to plate 13,000 times or more since 1947. Who are they?
Why Now Is the Time for Us to Do Some Homework on SpaceX
Here are our thoughts on the market, our shopping list, Paccar, and a potential new name.
Programming Note
I have a 2 p.m. ET appointment for some physical therapy for a degenerative problem that I have in my lower back. I will be away from the Diary for a little over an hour from that time.
No reason for radio silence. You have each other and on top of that, I have left you a baseball trivia question.
Position: None
Following Tariff Truce Update, Investors Can Expect More From Trump-Xi Summit
We’ve already got a market-relevant impact on tariffs, but what are the other main points of contention as the “G2” gather?