A Pro-Hamas Clown Vandalized a Restaurant Over Its Israeli Flags. There Was Just...
A Most Memorable Hockey Tribute Happened in Columbus Last Night
Where Were These 230 Doctors Wanting Medical Records Four Years Ago?
Anti-Gun Organization Shocked to Learn Criminals Break Laws
Kamala Offers Black Men Bribe to Get Their Votes
Trump Vows to 'End All Sanctuary Cities Immediately'
Harris' Town Hall Event With Charlamagne Got Roasted in the Comments
Why This Average American Is Voting for Donald Trump…Again
The CBS News Scandals Keep Getting Worse
A Reality TV Star Admitted That He Pretended to Be Transgender. Here's Why.
The FBI's Violent Crime Stats Suddenly Look a Lot Different
Dems in Disarray: AOC and Fetterman Fighting Online Over Israel
Did You Notice Anything Odd at the Victoria's Secret Fashion Show?
Reality Again Debunks the Left's Ugly Lies and Misinformation About Georgia's Election Law
U.S. Army Training Materials Labeled Pro-Life Groups As Terrorists, Lawsuit Says
OPINION

Chip Shortage & Higher Yields

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement
AP Photo/Richard Drew, File

Friday was a seesaw session that saw the S&P 500 edged higher to eke out a gain for the week that began with a disastrous start. But market breadth was negative, especially for the NASDAQ, as rotation from growth into value has become the dominate style impulse.

Advertisement

Market Breadth

NYSE

NASDAQ

Advancing

1,349

1,817

Declining

1,926

2,545

52 Week High

78

97

52 Week Low

44

83

Up Volume

1.52B

1.90B

Down Volume

1.82B

2.01B

Portfolio Approach

This morning, we closed a Technology position in our Hotline Model Portfolio.


Today’s Session

There is more pressure on growth, as supply chain issues are impacting the chip sector and higher bond yields are also making it difficult for mega cap growth. One of the key mega cap names, Facebook (FB), continues to struggle with its image, so its postponing its “kids” version of Instagram.

The ten-year yield is gaining momentum to the upside after breaking out through an ascending triangle last week. The last time yields spurted higher the concern was about how quickly they climbed and not necessarily on the level.


Durable Goods saw business investments climb +0.5%, which is beats Wall Street consensus.

Overall Durable Goods surged 1.8%, which is 200% better than the street consensus of +0.4%,

Key components

  • Nondefense aircraft & parts +77.9%
  • Capital goods +6.7%
  • Transportation +5.5%

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos