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Afternoon Note

Full Steam

By Charles Payne, CEO & Principal Analyst
4/26/2024 1:46 PM

It’s full steam ahead for the stock market enjoying a solid session, thanks to a benign response in bonds to the higher-than-expected PCE inflation report.

Next week, it will be intriguing with big companies reporting and the jobs report on Friday. 

Energy (XLE) and Utilities (XLU) are down. I wonder about both as proxies for economic prosperity. 

Tons of money has been coming out of the US Oil Fund.

Have a great weekend. 


 

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