The sector is being hit this morning, although it is really the market that is weak and taking the sector with it. Yesterday the sector did a good job holding.
It is a good start to the week which is interesting as we have little news and a lack of M&A. I was curious as to how the sector would.
Well, we finally get another deal and it is pretty telling how the sector reacted. Obviously there is a tailwind but it is not universal and we need to see.
It is a decent start to the day with a positive open. The longer that we do not pullback the more pressure it will place on those who were short.
This has to be a quick note as this morning is busy but clearly the market is teetering. The bounce this morning is nice but we need a lot more.
The sector has to deal with both some negative headlines and the lack of any deals on Merger Monday but it is difficult to read too much into the action.
Another busy day so I have to keep this very short as I am trying to squeeze this in between meetings. In general, the sector seems to be doing fine.
The sector is certainly weak to start the day and obviously this seems driven by the macro. It was not immediately clear to me the trigger for the selling. Was.
A weak start to the day that essentially appears to be a continuation from the late selling yesterday. It still seems to be the case that large caps are underperforming.
A good opening to the sector and large caps but the move was almost immediately faded (especially the large caps). Yesterday ended better than the past, so perhaps the sector.