SPDR Select Sector Fund

Why Oversold Matters: The Jobs Dip and Rip – The Market Breadth

dip and rip (Credit: Google Workspace Labs, AI-generated)

Stock Market Commentary The economist “consensus” expectations for September job growth missed the mark by a mile, 336,000 actual versus 170,000 projected. These big misses represent the on-going struggles of conventional economics to understand the dynamics of today’s post-pandemic economy. Initially, the good jobs news frightened financial markets which think of good news as bad … Read more

Sign of the Times: A Safety Trade Blows Up In A Hurry

safety trade (credit: FPL Power Plant Smokestack Explosion by Captain Kimo from Flickr)

“It isn’t random that utilities are acting fairly well.” Carter Braxton Worth, CNBC Fast Money, September 8, 2022. There is truly nowhere left to hide in this stock market! One of the last “safe haven” investments, the Utilities Select Sector SPDR Fund (XLU), hit an all-time closing high exactly one month ago and today completed a … Read more