Small-Caps Lead a Broad Rally as Tech Bounce Stalls
Easing long-term yields and oil prices lifted the Russell 2000 to its best day since early August and saw 9 of 11 S&P 500 sectors higher, even as weakness in Tech dragged on the cap-weighted index.
Gap Between Market’s 2 Tiers Starts to Close
SpaceX saw beats on both the top and bottom line but is trading flat in front of the conference call.
Why a Little-Known Korean Company Is Sending Markets South
Elice differs from the likes of CoreWeave even as its shares descend 32.0% on IPO day.
Pending Home Sales Plunge to a Record Low
Contract signings for existing homes see the biggest drop since December, sending the index to its lowest level in data back to 2001.
Housing Starts Slide to Second-Least Since May 2020 and Single-Family Permits Weakest Since March 2023
Starts fell more than every Bloomberg estimate with single-family the least in a year, while single-family permits dropped to the lowest since March 2023.
Corporate Bonds Flash Warning
If the negative pattern develops, I’d be quick to hit the sell button.
Rally Dreams, Millions of Jobs on Thin Ice, Canada Keeps It Together
Can the rally realistically continue another day? Also, when taken together, these 4 charts show a shaky situation for tens of millions of workers.
Are You Ready for a Stock Picker’s Market?
Seventy percent of active managers are trailing their benchmarks, and the pressure to catch up could trigger a focus on stock picking.
Monday’s Stock Market Rally Was Pathetic. Here’s Why.
Investors are complacent. Even in stocks that are sinking. Until something changes, we won’t get a lasting and meaningful rally.
Tech Bounces Back but Rising Yields Pressure Non-Tech
The megacap growth sectors went from worst (Friday) to first (Monday) as chipmakers snapped an eight-session losing streak, but rising Treasury yields left seven sectors, the Dow Jones Industrial Average, and the equal-weight S&P 500 lower.