is having its best June since 1938, but underneath this impressive rally is a trend that doesn't seem quite right, according to J.P. Morgan.
"Rally leadership doesn't inspire a lot of confidence yet ... In our view, that cross-market divergence can only persist for a short period of time, and the S&P 500 Index rally potential is limited under the current conditions," Hunter said in a note on Tuesday. The S&P 500 consumer discretionary sector has consistently lagged the S&P 500 consumer staples sector ever since last October. For the bull run to last, cyclicals have to take the lead in the rally, according to the analyst.
KeithMcCullough look at these wizards discovering what you laid out last fall.
lauferlaw There usually is.
lauferlaw I’ve said before the Trump era Wall Street numbers are highly suspect IMHO
When people on Mainstreet can't afford to buy goods Corporate profits go south - economics 101
Its a bubble about to blow
lauferlaw Tell that to Kernan at SquawkCNBC
Pumpin people off the sidelines, before dropping the hammer. Imho
Send a thank you note to feds. Bullard and Powell sealed the deal for markets by their no 50 bps cut comment. Now we won’t have a rally.
No worries folks it’s just another day of computerized organized crime on WS, they have stealing $ down to a science, be patient they eventually give it back lol cnbc and other fake news carnival barkers just micromanage the daily scam with hopes & fears headlines, hopes today.