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A Fox News Digital focus group of Republicans, Democrats and Independents used dials to react live to former President Trump’s comments during the 2024 presidential debate Kamala Harris Tuesday, saying that he ‘took a bullet to the head’ because of leftist rhetoric. 

The focus group comprised 7 Democrats, 5 Independents, and 5 Republicans, represented by blue, yellow, and red lines, respectively. 

Trump’s comments about taking a bullet to the head came during discussions about alleged ‘weponization’ of the Department of Justice. 

The Republican nominee contended that it was Harris and the Democrats who had weaponized the DOJ, ‘not me.’ 

At this assertion, the focus participants showed muted responses, with Democrats slightly above. 

‘I probably took a bullet to the head, because of the things that they say about me. They talk about Democracy – I’m a threat to Democracy. They’re a threat to Democracy,’ Trump said. 

With these comments, Republican respondents responded most favorably, as indicated by the red line that shot up. Independents, meanwhile, remained unresponsive, while Democrats dipped slightly downwards. 

‘The fake ‘Russia, Russia, Russia,’ investigation that went nowhere,’ Trump continued, before being cut off by ABC News moderator David Muir. 

Trump narrowly survived an assassination attempt while holding an outdoor rally in Butler, Pennsylvania on July 13, 2024. Just minutes into his speech, a gunman perched on a rooftop outside the perimeter of the rally, opened fire on the Republican nominee, and was killed by the Secret Service within seconds. A bullet struck his ear as he stood at the podium. 

The gunman was later identified as 20-year-old Thomas Matthew Crooks, whose motives remain unknown. 

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Kamala Harris and Donald Trump began with their talking points, and she threw the first punches.

Asked at the ABC debate by moderators David Muir and Linsey Davis whether the country was better off than four years ago, the VP said she was ‘raised as a middle-class kid,’ wants to raise up those voters, she wants to tackle the housing shortage, and has a ‘passion’ for small business. Trump’s plan, she said, was to cut taxes for his billionaire friends and big corporations.

The former president started on the high road, talking about the tariffs he imposed on China.

But he soon resorted to personal attacks. ‘Everything she believed four years ago, she’s a Marxist.’

And: ‘She hates Israel.’ If she wins, ‘Israel will not exist in two years.’

Trump also said of Joe Biden, without substantiation, ‘He hates her. He can’t stand her.’

Trump pushed a completely debunked rumor that Haitians in Springfield, Ohio, ‘they’re eating the dogs, they’re eating the pets.’ Muir said the city manager confirmed there were no such reports.

Trump looked angrier as the debate wore on, with Harris at one point laughing at him. She pivoted between looking at him and the cameras; he barely glanced at her.

‘We did a phenomenal job with the pandemic,’ Trump said, which is, well, debatable.  

Harris grew most animated when asked about abortion, and declared that Trump would sign a national abortion ban. 

‘You’re going to hear a bunch of lies,’ the veep said. Pregnant women were being denied emergency care, a 12-year old survivor of incest was forced to carry the baby to term. 

Trump said, as he did to me at Mar-a-Lago, that ‘every legal scholar’ wanted the abortion issue returned to the states. That is not true.

Trump said the Democrats are the radicals because they support abortion through the ninth month, and quoted a dumb comment by the former Virginia governor about making a decision after birth, which is illegal.

‘This is so rich by someone who has been found liable for sexual assault,’ Harris said, referring to the E. Jean Carroll case and rattling off various indictments.

That’s because the administration has ‘weaponized’ law enforcement against him, Trump said in an oft-repeated charge. He added, without substantiation, ‘They’re the ones who made them go after me.’

In another charge without evidence, the ex-president accused Harris of ‘paying people’ to attend her rallies.

Referring to the attempted assassination, Trump said, ‘I probably took a bullet to the head because of their rhetoric.’ Then he said ‘Russia Russia Russia’ – the kind of shorthand that may have puzzled casual viewers.

Harris also said things that weren’t true. She said she made clear in 2020 that she was not against fracking, but what she actually said was that Biden would not ban fracking. She said he had threatened a ‘bloodbath’ if he loses, but he actually said that about the American auto industry.

ABC pressed Trump about Jan. 6, asking why he didn’t make the video earlier asking protestors to go home. He said what was left out was that in his speech he had asked the demonstrators to be ‘peaceful and patriotic.’

Harris countered that Trump had ‘incited a violent mob’ in which 150 law enforcement officials were injured, and ‘some died.’

ABC did press Harris on her past opposition to fracking and for abolishing private health insurance, but she stuck to varying versions of ‘my values haven’t changed.’

On another crucial issue, ABC asked twice: ‘Do you want Ukraine to win this war?’ Trump would not say yes. ‘I want the war to stop,’ he said. ‘I think it’s in the U.S.’s best interest to get this war done, negotiate a deal.’

Harris responded: ‘If Donald Trump were president, Putin would be sitting in Kyiv right now.’ She said she met with Volodomyr Zelenskyy days before the invasion to share U.S. intelligence.

My scorecard:

Kamala Harris did everything she could have reasonably done to brush off Trump’s attacks, make her case, and repeatedly attack him while largely maintaining her composure.

Trump turned in a strong performance and landed numerous blows, but Harris increasingly got under his skin rather than the other way around.

ABC tilted against Trump, with a series of tougher questions, more followups, more fact-checking, and more corrections by the network. This vindicated Trump’s pregame criticism of ABC as the ‘meanest’ network.

Now the partisan spinning gets under way in earnest.

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Former President Trump brought up one of Vice President Kamala Harris’ most memorable debate lines Tuesday night when he told her to ‘wait a minute’ and said ‘I’m talking now’ during a debate exchange. 

‘She gave up at least 12 and probably 14 or 15 different policies, like she was big on defund the police,’ Trump said before it appeared VP Harris attempted to say something. 

‘Wait a minute, I’m talking now,’ Trump shot back. ‘If you don’t mind, please. Does that sound familiar?’

Trump was referencing a debate moment between VP candidates Harris and Mike Pence when she told Pence ‘I’m speaking’ during a 2020 vice presidential debate when he was attempting to talk over her. 

At the time, critics of Harris suggested the quote was an attempt to create a viral moment.

The Harris and Trump campaigns went back and forth in the weeks leading up to the debate about whether the microphones should be muted for the candidate not speaking during the debate. Ultimately, the decision was made to mute the mics.  

The moment was noticed by conservatives on social media, including commentator Dana Loesch who remarked on X, ‘Good quip.’

‘She went out in Minnesota and wanted to let criminals that killed people that burned down Minneapolis,’ Trump said immediately after asking Harris to let him finish speaking. ‘She went out and raised money to get them out of jail. She did things that nobody would ever think of. Now she wants to do transgender operations on illegal aliens that are in prison.’

Trump is maintaining his lead nationally, seemingly shrugging off a burst of enthusiasm for Democrats after Harris entered the race, according to recent polling.

Trump garnered the support of 48% of likely voters, compared to 47% who indicated support for Harris, according to the latest results of a New York Times/Siena poll released Sunday.

Fox News Digital’s Brian Flood and Michael Lee contributed to this report

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Former President Donald Trump and VP Kamala Harris traded blows on the issue of crime in the United States in the first presidential debate, with Harris defending accusations that migrant crime has increased under her watch by citing Trump’s legal issues.

‘Yeah, it is much higher because of them,’ Trump said during the debate in Philadelphia, Pennsylvania discussing crime committed by illegal immigrants in the U.S., some of which entered the country under Biden’s watch. 

‘They allowed criminals, many, many millions of criminals,’ Trump continued, ‘They allowed terrorists. They allowed common street criminals. They allowed people to come in drug dealers to come into our country. And then now in the United States and told by their countries like Venezuela, don’t ever come back or we’re going to kill you. Do you know that crime in Venezuela and crime in countries all over the world is way down?’

Trump continued, ‘Crime here is up and through the roof. Despite their fraudulent statements that they made. Crime in this country is through the roof. And we have a new form of crime. It’s called migrant crime. And it’s happening at levels that nobody thought possible.’

ABC’s David Muir then interjected and said that ‘the FBI says overall violent crime is actually coming down in this country’ without noting that those statistics are down from historic highs or that several large cities did not include their data. 

‘They were defrauding statements,’ Trump responded. ‘They they didn’t include the worst cities. They didn’t include the cities with the worst crime. It was a fraud. Just like their number of 818,000 jobs that they said they created turned out to be a fraud.’

Harris responded by bringing up Trump’s criminal convictions and pending indictments.

‘Well, I think this is so rich coming from someone who has been prosecuted for national security crimes, economic crimes, election interference has been found liable for sexual assault,’ Harris said. 

‘And his next big court appearance is in November at his own criminal sentencing. And let’s be clear where each person stands on the issue of what is important about respect for the rule of law and respect for law enforcement.’

Harris continued: ‘The former vice president called for defunding federal law enforcement. 45,000 agents get this on the day after he was arraigned on 34 felony counts. So let’s talk about what is important in this race.’

‘It is important that we move forward, that we turn the page on this same old tired rhetoric and address the needs of the American people, address what we need to do about the housing shortage, which I have a plan for, address what we must do to support our small businesses, address bringing down the price of groceries.’

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Former President Donald Trump cited his assassination attempt during his debate against Vice President Kamala Harris, saying he ‘probably took a bullet to the head’ due to rhetoric from Harris and Democrats. 

‘I probably took a bullet to the head because of the things that they say about me. They talk about democracy. I’m a threat to democracy. They’re the threat to democracy,’ Trump said from the debate stage in Philadelphia on Tuesday evening. 

Trump faced an assassination attempt in July during a rally in Butler, Pennsylvania. The shooter, Matthew Crooks, shot Trump in the ear, injured two audience members and fatally shot local dad and fireman Corey Comperatore. 

‘This is the one that weaponized, not me,’ Trump said, referring to Harris. ‘She weaponized.’

Trump’s remark that he was shot ‘probably’ due to Democratic rhetoric was followed by Harris saying that Trump would ‘weaponize the Department of Justice’ against his political enemies. 

‘Well, let’s talk about extreme, and understand the context in which this election in 2024 is taking place. The United States Supreme Court recently ruled that the former president would essentially be immune from any misconduct if he were to enter the White House again,’ she said. 

‘Understand, this is someone who has openly said he would terminate, I’m quoting, terminate the Constitution of the United States, that he would weaponize the Department of Justice against his political enemies. Someone who has openly expressed disdain for members of our military. Understand, that it means if Donald Trump were back in the White House with no guard rails, because certainly we know now the court won’t stop him,’ Harris added. 

Trump has since recovered from the assassination attempt, after he was seen wearing a bandage over his ear during the Republican National Convention in Milwaukee just days after the attempt unfolded. 

Trump and Harris joined the same debate stage at the National Constitution Center in Philadelphia. The debate marks the first time the pair squared off against one another, following President Biden dropping out of the race amid mounting concerns over his mental acuity. 

Trump has said he will return to Butler County, Pennsylvania, in October for another rally following the attempt. 

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Vice President Kamala Harris claimed former President Trump would install a national abortion ban that would allow for no exceptions despite Trump saying moments before he believes in exceptions for abortion. 

‘Now, in over 20 states, there are Trump abortion bans, which make it criminal for a doctor or nurse to provide health care in one state. It provides prison for life. Trump abortion bans that make no exception, even for rape and incest, which understand what that means,’ Harris said Tuesday evening from Philadelphia’s National Constitution Center.  

‘A survivor of a crime of violation to their body does not have the right to make a decision about what happens to their body. That is immoral, and one does not have to abandon their faith or deeply held beliefs to agree the government and Donald Trump certainly should not be telling a woman what to do with her body,

‘Understand, if Donald Trump were to be re-elected, he will sign the national abortion ban.’ 

Moments before, Trump said he believes in exceptions for abortion, similar to former President Reagan. 

‘I believe in the exceptions for rape, incest and life of the mother,’ Trump said during the debate. ‘I believe strongly in it. Ronald Reagan did also. Eighty-five percent of Republicans knew exceptions are very important,’ he said. 

Trump added in his rebuttal that he does not support a national abortion ban and that Harris’ comments were an ‘absolute lie.’ 

‘As far as the abortion ban, no, I’m not in favor of an abortion ban, but it doesn’t matter, because this issue has now been taken over by the states,’ Trump said. 

The Supreme Court overturned Roe v. Wade in 2022, and Trump praised the decision. His campaign says abortion laws and issues should be left up to individual states after the Dobbs decision. 

Earlier this year, Trump drew the condemnation of some pro-life conservatives for the GOP’s more muted language on abortion this election cycle and for saying last month that Florida’s six-week abortion ban ‘is too short.’ He has since said he will vote against a Florida amendment that would legalize abortion through the ninth month of pregnancy and has doubled down that abortion laws and issues should be left up to states to decide. 

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Tuesday was a big day for the U.S. men’s national team, but that didn’t exactly motivate fans to crowd TQL Stadium in Cincinnati.

The USMNT hosted New Zealand in a friendly that kicked off less than an hour after Mauricio Pochettino was, at long last, officially confirmed as the team’s new head coach. It was exciting news, but a stadium that is generally packed to the gills for FC Cincinnati’s MLS matches was noticeably far short of that as the U.S. took on the All Whites.

The visibly smaller crowd comes on the heels of a 2-1 loss to Canada that saw an announced attendance of 10,523 at Children’s Mercy Park. By contrast, Sporting Kansas City’s average attendance in MLS play this season is 22,476 (per FBref). While an attendance figure for Tuesday’s match was not initially available at the time of publication, navy blue or orange empty seats were apparent.

The issue has been a sore spot for U.S. Soccer in recent years, with ticket prices often being cited by fans as part of the problem. Additionally, Ohio’s two MLS stadiums — Lower.com Field in Columbus being the other — have become very common venues for friendlies for both the USMNT and the women’s national team. Both stadiums hosted World Cup qualifiers in 2021, and TQL Stadium hosted a USWNT friendly against South Africa last September, and a USMNT friendly against Morocco in 2022. Lower.com Field, meanwhile, hosted a SheBelieves Cup doubleheader in April.

It isn’t helping that the federation has struggled to find appealing opponents, as the UEFA Nations League and CONMEBOL World Cup qualifying directly conflict with what are just friendlies for a USMNT side that has nothing to qualify for until after the 2026 World Cup. Canada is the USMNT’s second-most familiar foe in recent years behind Mexico, while New Zealand sits 94th in the latest FIFA rankings.

Whatever the reason, fans in the Queen City stayed home, and it was hard not to notice.

Reactions to another poorly-attended USMNT friendly

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‘Okay, I guess David Montgomery is still a thing in Detroit’,
‘Arthur Smith just can’t let go of Cordarrelle Patterson, huh?’,
‘Is Dave Canales on fraud watch?’, and
‘Isaiah Likely is the new kid in town’

Of course, it’s important to remember that it’s only Week 2. It’s vital not to overreact to early outcomes. Travis Kelce only had four targets? He’s definitely earned a little grace. In fact, he had two games with three receptions and four targets just last year. Travis Etienne is splitting carries with Tank Bigsby? Sure, but Etienne still got all the valuable touches near the goal line and all the receiving work. Marvin Harrison Jr. only earned three targets? Yeah, well that’s your fault for wasting a second-round pick on a rookie.

The moral of the story is that despite a lot of underwhelming performances in Week 1, pressing the panic button so soon can do more harm than good. That said, you still need to be smart about who you choose to put in your starting lineup next week. Here are eight players to start, and eight to sit for Week 2.

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

Players to start in Week 2:

Quarterbacks:

Jayden Daniels, WSH

Jayden Daniels recorded zero passing touchdowns and only 184 passing yards, yet still recorded the third-most fantasy points among quarterbacks (Josh Allen, Baker Mayfield) prior to Monday Night Football. Daniels is a fantasy starter on rushing volume alone. Now he gets a lackluster Giants’ defense that just made Sam Darnold look like a viable fantasy starter? That’s too good to pass up.

Kirk Cousins, ATL

Cousins wasn’t great in his Falcons’ debut. However, he was constantly under duress facing a daunting Pittsburgh pass rush. Philadelphia’s pass rush is not up to par with that of Pittsburgh’s. Their leading sack artist from a year ago (Haason Reddick) is gone, and the Eagles’ secondary is not exactly a lockdown group. Cousins could be in for a much better performance in Week 2.

Running backs:

Gus Edwards, LAC

Although JK Dobbins got all the praise for his very efficient performance against the Raiders, Edwards and Dobbins still split the workload in that backfield. Going up against a weak Carolina defense, Los Angeles should find themselves near the goal line early and often. Although Dobbins may be the better elusive back, Edwards serves as the team’s goal line carrier, which could give him several opportunities for touchdowns.

Najee, Harris, PIT

The Denver Broncos’ defense is a solid unit, but they did just allow Kenneth Walker to run all over them. With Jaylen Warren still dealing with a hamstring injury, Harris is set to see most of his team’s carries in a game where Pittsburgh should be ahead early. Harris should see monster volume and several opportunities to score in Week 2.

Wide Receivers:

Chris Olave, NO

Olave has always been a boom-or-bust option in fantasy. Week 1 was the latter. However, Olave fell victim to negative game-script and was pretty much eliminated from the game by the second half. In Week 2, the Saints will face a Dallas Cowboys’ team that does three things pretty consistently:

Score a lot of points on offense
Get a lot of pressure on opposing quarterbacks
Give up a lot of yards to opposing wide receivers

Point No. 2 is not particularly helpful for Olave, but points Nos. 1 and 3 are very helpful. It means that Olave will likely be the beneficiary of positive game script and he’ll likely be matched up with Trevon Diggs, who forces a lot of turnovers but also surrenders a lot of yards. Furthermore, Olave has never had back-to-back weeks with less than 7 PPR fantasy points.

Malik Nabers, NYG

Mike Evans and Chris Godwin both had monster performances against Washington’s abysmal secondary in Week 1. Now it is Nabers’ turn. Although Wan’Dale Robinson led the Giants in targets in Week 1, he’s not the most talented receiver in the Giants’ locker room. Nabers will break out at some point this year, and while it is still a little early in the season to bet on a rookie, the matchup is too good to pass up in Week 2.

Tight end:

Brock Bowers, LV

In a game where the Raiders needed to pass a lot, Bowers got more looks than teammates Davante Adams and Jakobi Meyers. Now the Raiders get the Baltimore Ravens who will almost assuredly be winning for 90% of the game. Quarterback Gardner Minshew could be forced to throw the ball 60 times in this one, and Bowers, who could draw coverage from Roquan Smith should still get a decent amount of looks.

Defense/Special Teams:

Indianapolis Colts

Green Bay’s new starting quarterback Malik Willis loves to do two things: hold onto the ball and turn it over. That means a lot of sacks and turnovers are on the horizon for Indianapolis.

Players to sit in Week 2:

Quarterbacks:

Tua Tagovailoa, MIA

Tagovailoa’s fantasy relevance is built on outstanding passing stats. He brings almost nothing to the table with his legs. So, anytime he succumbs to multiple interceptions or doesn’t throw four touchdowns, he tends to be a lackluster fantasy performer. In seven career games against the Bills, Tagovailoa has thrown only six touchdowns to seven interceptions. His yardage numbers have not been particularly great either, averaging just 207.7 pass yards per game against the Bills.

Justin Herbert, LAC

The Chargers are a run-first team. Week 1 made that very apparent. The only time Los Angeles will throw the ball is when their run game isn’t working or when they are down by 20 in the fourth quarter. Neither of those scenarios will happen this week. The Chargers are playing the Panthers, who are still recovering from a thorough thrashing at the hands of the New Orleans Saints. Dobbins and Edwards will be the focal points of Los Angeles’ offense this weekend.

Running backs:

Zack Moss, CIN

Zack Moss may be the lead back in Cincinnati, but he faces a tough matchup in Kansas City this week. Keep in mind, this is the same Kansas City defense that held Derrick Henry to under four yards a carry in Week 1. Cincinnati could very well find themselves behind early on, thus paving the way for receiving back Chase Brown to get more work as well. All in all, just not a good matchup for Moss.

Josh Jacobs, GB

With Jordan Love sidelined with an injury, the Green Bay Packers will likely lean on the run with Malik Willis under center. Josh Jacobs should see a ton of volume, but Indianapolis will likely be stacking the box on every single play. Jacobs could have 20 carries this weekend with less than 50 yards, as Indianapolis does every in their power to force Willis to beat them, not Jacobs.

Wide Receivers:

Courtland Sutton, DEN

Sutton is still the No. 1 receiver in Denver after earning 12 targets in Week 1 against Seattle. However, Bo Nix did not appear as ready for the NFL as his preseason success would have you believe. Now, facing Pittsburgh’s unrelenting pass rush, it’s likely that Nix will not have much time to throw at all, meaning Sutton likely won’t get many good looks.

Michael Pittman Jr., IND

Not only does Anthony Richardson dislike throwing to Michael Pittman, but facing a Jordan Love-less Packers team, the Colts should find themselves up big early on. This matchup seems much more favorable for Jonathan Taylor than it does for Pittman, Pierce, or any of the Colts’ pass catchers.

Tight ends:

Evan Engram, JAX

After a lackluster Week 1 performance, fans hoping Engram will bounce back in Week 2 will be sorely disappointed. The Cleveland Browns boast one of the most complete defenses in the NFL and are very good at shutting down opposing teams’ top options. Better days for Engram are ahead, but Week 2 will likely be rough.

Mark Andrews, BAL

As much as Andrews owners don’t want to hear it, Isaiah Likely isn’t going anywhere. The Ravens seem poised to run many more two tight end sets in 2024, meaning Andrews’ target share won’t be what it was in years past. Even worse, with the Ravens facing the lowly Las Vegas Raiders this week, Baltimore will likely opt for a run-heavy approach, leaning on Derrick Henry and Lamar Jackson in the second half of what should be a large victory.

This post appeared first on USA TODAY

In this video from StockCharts TV, Julius takes a look at rotations in an asset allocation RRG. He compares fixed-income-related asset classes, commodities, the US dollar, Bitcoin and stocks to a balanced portfolio of 60% stocks/40% bonds. The long-lasting outperformance of stocks seems to be coming to an end.

This assessment of asset allocation is then followed by a look at S&P 500 sector rotation using Relative Rotation Graphs broken down into three groups — offensive, defensive, and (economically) sensitive. The current rotation in the defensive group is really standing out.

This video was originally published on September 10, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past episodes of Julius’ shows can be found here.

#StayAlert, -Julius

The Real Estate sector took the lead in Tuesday’s trading, probably because interest rate cuts are approaching. Technology and Consumer Discretionary took second and third place, respectively.

Overall, it was a pretty quiet trading day except for the energy sector, which showed the biggest decline. The Energy Select Sector SPDR Fund (XLE), the StockCharts proxy for the Energy sector, declined 1.75%.

FIGURE 1. SEPTEMBER 10, 2024 MARKETCARPET. Real Estate was the leading sector, followed by Technology and Consumer Discretionary. Energy was the laggard.Image source: StockCharts.com. For educational purposes.

It looks like investors are slowly rotating back into large-cap growth stocks just in case the asset class quickly trends higher. At the same time, investors aren’t losing sight of the FOMC September 18 meeting, in which the Fed is expected to cut interest rates by at least 25 basis points. A rate cut would favor the Real Estate sector, since lower interest rates encourage borrowing, which could increase real estate sales.

Real Estate Pushes Higher

The Real Estate Select Sector SPDR Fund (XLRE) chart below shows that the ETF set a new two-year high on Tuesday.

FIGURE 2. CHART OF REAL ESTATE SELECT SECTOR SPDR FUND (XLRE). The ETF is trading above its 50-day moving average, with a SCTR score of 99.2 and relative performance against the S&P 500 edging higher.Chart source: StockCharts.com. For educational purposes.

XLRE is trading above its 20-day simple moving average (SMA), and the StockCharts Technical Rank (SCTR) score is at 99.2. XLRE’s relative performance against the S&P 500 ($SPX) is at 2.09%, which is slightly higher than the large-cap index, but there is potential for it to rise further.

CPI and Large-Cap Growth Stocks

The August CPI data is expected to rise 2.6% year-over-year and core CPI is expected to rise 3.2%. Investors will closely watch the data when it’s released Wednesday morning before the open. The CPI will give insight into how much of an interest rate cut to expect at the FOMC meeting, which could cause some waves in tomorrow’s trading. We could see a switcheroo in tomorrow’s MarketCarpet or a continuation of the same, with more buying pressure in the large-cap growth stocks. 

Looking at the Market Factors widget in one of the Dashboard panels, the large-cap growth factor was Tuesday’s top gainer, with a 0.48% rise.

The StockCharts proxy for this market factor is the SPDR S&P 500 Growth ETF (SPYG). This fund’s top holdings include all Mag 7 stocks.

The chart of SPYG is similar to the charts of the Nasdaq Composite ($COMPQ), Nasdaq 100 ($NDX), and Invesco QQQ Trust (QQQ). There’s a little upside movement, but not enough to convincingly suggest a momentum shift.

FIGURE 3. DAILY CHART OF SPDR S&P 500 GROWTH ETF. SPYG is trading in the middle of its July high-to-August low range, which means the ETF has an equal chance of moving in either direction. The RSI needs to move above 50 with above-average volume.Chart source: StockCharts.com. For educational purposes.

There still needs to be much more bullish pressure to move Tech stocks higher. The relative strength index (RSI) should cross over the 50 level with increasing volume. SPYG is trading in the middle of the July high-to-August low range and could move in either direction. A break below the lower blue dashed line could start a bearish move, whereas a break above the upper trendline would be bullish.

Hopefully, we won’t have to wait too long to know whether it’ll be the bulls or bears who dominate the large cap growth stock arena. Tomorrow will present a clearer picture of which way investors are rotating their holdings. 

As a side note, Extended Factors is one of the latest additions to the SharpCharts dashboard panels. These are very useful for identifying which market factors are leading and lagging.

Energy Slump

Oil prices have slid lower recently and have now reached their lowest level in more than two years. The fall in price is related to weaker demand and concerns about China’s economic growth. The chart of the Energy Select Sector SPDR Fund (XLE) shows the magnitude of the fall in energy prices. XLE is trading below its 200-day simple moving average, and the Energy Sector Bullish Percent Index ($BPENER) crossed below 30.

FIGURE 4. THE ENERGY SECTOR’S SLIDE. The Energy Select Sector SPDR Fund (XLE) is trading below its 100-day moving average, and its Bullish Percent Index is below 30. Technically, XLE looks very bearish. Chart source: StockCharts.com. For educational purposes.

Closing Bell

There wasn’t much movement in equities today. Tomorrow could be a different story, with CPI data tomorrow morning before the close. There could be a lot of choppiness in early trading hours.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.