-
XLB
-
$50.10
-
+0.14%
-
$50.03
-
$50.54
-
$49.85
Prices as of 2026-07-21 16:20:54 ET
Ticker Appearances
First Word
Key development this week is inflation is resuming falling 'like a rock.' AI trade under pressure but much of it may be technical due to margin calls, while the fundamentals remain strong.
VIDEO_:_ The big stories this week are the continued selling in Korea/AI stocks and the downside surprise in CPI and PPI. In our view, the...
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First Word
We continue to buy the dip in semis, memory and tech
VIDEO_:_ We are constructive near term as this pullback in semis, memory and tech and momentum seems to have created a good risk/reward. And in...
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First Word
Carnage in Semis/Memory continue. But we remain near-term constructive and are buying the dip.
VIDEO_:_ In the near-term, we continue to be constructive and expect S&P 500 to reach 7,700 near-term, but the wall of worry continues to grow. ...
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Sector Allocation
July 2026 Sector Allocation Update
Please CLICK HERE to download the sector allocation report in PDF format. MARKET RECAP The S&P 500 ended June up 9.55% year-to-date, having notched one...
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First Word
As 2Q26 comes to an end, equity markets still in good shape... but NYSE margin is a further sign consolidation likely ahead
VIDEO_:_ As the 2Q comes to an end, equity markets did well, but the market sees a more hawkish Fed. We remain less hawkish than...
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First Word
Semis -7% 1D. This is the 18th time since 2011. 88% of the time, Semis more than recover 1M later. Buy that dip.
VIDEO_:_ We believe the pullback in SMH 4.54% and DRAM 11.06% is very buyable. These dramatic 1D declines of 6% or more are seen in bull markets...
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First Word
SpaceX shares trading at $173 on Hyperliquid.xyz, up +28% from IPO price
The SpaceX IPO priced on Thursday June 11, 2026. As we noted recently, there could be some wobbling of equities in front of the SPCX 3.54% ...
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First Word
Wobble this week partly reflects cash raised to fund additional buys of SpaceX post-IPO (due to Nasdaq 100 and Russell 1000 inclusion)
Equities have wobbled in the past week pushing S&P 500 down -2.6% month to date. This is not entirely surprising given the >10% gains registered...
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First Word
Several key milestones in June, including SpaceX IPO and first Fed Chair Warsh meeting
As we close out the first week of June, the S&P 500 is basically flat for the week, and up 11% YTD. We continue to...
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Daily Technical Strategy
Crude Weakness could Lift Sub-Sectors Across Four Tiers: Airlines, Discretionary, Leisure & Specialty Chemicals
NEAR-TERM EQUITY TRENDS REMAIN BULLISH, AND TODAY'S MINOR STALL IN THE NASDAQ SHOULDN'T DERAIL THE RALLY INTO JUNE. DESPITE VARIOUS SUB-SECTORS HAVING GROWN QUITE STRETCHED,...
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First Word
Key development this week is inflation is resuming falling 'like a rock.' AI trade under pressure but much of it may be technical due to margin calls, while the fundamentals remain strong.
VIDEO_:_ The big stories this week are the continued selling in Korea/AI stocks and the downside surprise in CPI and PPI. In our view, the...
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First Word
We continue to buy the dip in semis, memory and tech
VIDEO_:_ We are constructive near term as this pullback in semis, memory and tech and momentum seems to have created a good risk/reward. And in...
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First Word
Carnage in Semis/Memory continue. But we remain near-term constructive and are buying the dip.
VIDEO_:_ In the near-term, we continue to be constructive and expect S&P 500 to reach 7,700 near-term, but the wall of worry continues to grow. ...
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Sector Allocation
July 2026 Sector Allocation Update
Please CLICK HERE to download the sector allocation report in PDF format. MARKET RECAP The S&P 500 ended June up 9.55% year-to-date, having notched one...
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First Word
As 2Q26 comes to an end, equity markets still in good shape... but NYSE margin is a further sign consolidation likely ahead
VIDEO_:_ As the 2Q comes to an end, equity markets did well, but the market sees a more hawkish Fed. We remain less hawkish than...
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First Word
Semis -7% 1D. This is the 18th time since 2011. 88% of the time, Semis more than recover 1M later. Buy that dip.
VIDEO_:_ We believe the pullback in SMH 4.54% and DRAM 11.06% is very buyable. These dramatic 1D declines of 6% or more are seen in bull markets...
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First Word
SpaceX shares trading at $173 on Hyperliquid.xyz, up +28% from IPO price
The SpaceX IPO priced on Thursday June 11, 2026. As we noted recently, there could be some wobbling of equities in front of the SPCX 3.54% ...
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First Word
Wobble this week partly reflects cash raised to fund additional buys of SpaceX post-IPO (due to Nasdaq 100 and Russell 1000 inclusion)
Equities have wobbled in the past week pushing S&P 500 down -2.6% month to date. This is not entirely surprising given the >10% gains registered...
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First Word
Several key milestones in June, including SpaceX IPO and first Fed Chair Warsh meeting
As we close out the first week of June, the S&P 500 is basically flat for the week, and up 11% YTD. We continue to...
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Daily Technical Strategy
Crude Weakness could Lift Sub-Sectors Across Four Tiers: Airlines, Discretionary, Leisure & Specialty Chemicals
NEAR-TERM EQUITY TRENDS REMAIN BULLISH, AND TODAY'S MINOR STALL IN THE NASDAQ SHOULDN'T DERAIL THE RALLY INTO JUNE. DESPITE VARIOUS SUB-SECTORS HAVING GROWN QUITE STRETCHED,...
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First Word
Key development this week is inflation is resuming falling 'like a rock.' AI trade under pressure but much of it may be technical due to margin calls, while the fundamentals remain strong.
VIDEO_:_ The big stories this week are the continued selling in Korea/AI stocks and the downside surprise in CPI and PPI. In our view, the...
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First Word
We continue to buy the dip in semis, memory and tech
VIDEO_:_ We are constructive near term as this pullback in semis, memory and tech and momentum seems to have created a good risk/reward. And in...
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First Word
Carnage in Semis/Memory continue. But we remain near-term constructive and are buying the dip.
VIDEO_:_ In the near-term, we continue to be constructive and expect S&P 500 to reach 7,700 near-term, but the wall of worry continues to grow. ...
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First Word
As 2Q26 comes to an end, equity markets still in good shape... but NYSE margin is a further sign consolidation likely ahead
VIDEO_:_ As the 2Q comes to an end, equity markets did well, but the market sees a more hawkish Fed. We remain less hawkish than...
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First Word
Semis -7% 1D. This is the 18th time since 2011. 88% of the time, Semis more than recover 1M later. Buy that dip.
VIDEO_:_ We believe the pullback in SMH 4.54% and DRAM 11.06% is very buyable. These dramatic 1D declines of 6% or more are seen in bull markets...
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Daily Technical Strategy
Crude Weakness could Lift Sub-Sectors Across Four Tiers: Airlines, Discretionary, Leisure & Specialty Chemicals
NEAR-TERM EQUITY TRENDS REMAIN BULLISH, AND TODAY'S MINOR STALL IN THE NASDAQ SHOULDN'T DERAIL THE RALLY INTO JUNE. DESPITE VARIOUS SUB-SECTORS HAVING GROWN QUITE STRETCHED,...
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First Word
The 5 challenges we see for incoming Fed Chair Warsh in his first 100 days.
VIDEO_:_ We discuss the 5 challenges in the first 100 days for incoming Fed Chair Kevin Warsh. The economy is strong, but we know there...
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First Word
This Wed may be Fed Chair Powell last presser. Equity returns under Powell +8.3% CAGR nominal, +4.7% real = very good returns
VIDEO_:_ Fed Chair Powell’s last press conference as FOMC Chair may be this Wed. Analysis shows equity returns were +8.3% nominal and +4.7% real CAGR...
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First Word
4 takeaways from Kevin Warsh Senate Confirmation Hearings
VIDEO_:_ We discuss the 4 takeaways from the Senate confirmation hearings. Kevin Warsh will be making some notable changes it seems. Please click here to view our Macro...
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First Word
The VIX closing below 20 is the 3rd sign the bottom is in. Energy no longer top sector pick.
VIDEO_: _A third sign of a bottom has emerged, which is the plunge in the VIX. We are also changing our order of sector recommendations....
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