The 1% Streak May End Today

The S&P 500’s remarkable run of daily closes less than 1% may come to an end today. What’s most surprising is that it may end with a 1% up day.

President Trump’s speech is being warmly received by Wall Street. The S&P 500 is currently up 1.22%.

The bond market is selling off, while financials and cyclicals are doing the best. Interest rate-sensitive stocks are doing the worst.

On our Buy List, HEICO (HEI) is having a very good day after its earnings report. Currently it’s up 6.1%. Continental Building Products (CBPX) is up 5.2%. This stock had a strange reaction to what I thought was a good earnings report.

Posted by on March 1st, 2017 at 11:50 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.