In this January 4th edition of Trading Places, Tom Bowley explains the difference between how he looks at the PPO vs. other people, and why the distinction is important in his analysis. He then moves on to sharing how interest rates and yields "normally" impact financials, and explains why we are seeing a strange divergence taking place.
Tom finishes the show with a lightning round look at the DOW 30 component stocks from a long-term, 10-Year weekly stand point. The DOW has been performing well, ending 2023 fairly strong, and it's off to a good start in 2024. Will that trend continue? Watch the show to find out.
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00:00 - Introduction and Welcome
03:45 - ADP Report
05:35 - Market Recap
10:03 - 10-Year Treasury Yield ($TNX), PPO explanation
13:12 - Impact of Interest Rates on Financial Sector (XLF)
16:07 - S&P 500 ($SPX), NASDAQ 100 ($NDX)
20:54 - Small Caps (IWM)
24:18 - Transports ($TRAN)
26:45 - Chart of the Day: Citigroup (C)
27:26 - Seasonality Energy Sector (XLE)
28:38 - Review of All 30 Dow Component Stocks
40:31 - Quick Look at Market Open
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Disclaimer: Neither EarningsBeats, nor Show Participants, are Registered Investment Advisors. This content is intended solely for educational purposes and does not constitute financial advice
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