Investors Proceed Cautiously Regarding Market Issues

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as investors proceed cautiously regarding market issues. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

Dow climbs 100 points as Fed meeting kicks off

Michael Nagle | Bloomberg | Getty Images “My expectations are that the Fed will maintain their dovishness,” said Gregory Faranello, head of rates at Roberts & Ryan. “The eyes will be on the dot plot, so I expect some tempering there as well.”

The S&P 500 (SPY) slipped -0.01% today. Sector decliners led advancers 7 to 4 as shown below in the sector graph. Utilities (XLU) led decliners down with a -1.14% loss. Consumer staples (XLP), energy (XLE), financials (XLF), industrials (XLI), materials (XLB) and real estate (XLRE) each lost less than 1%. Communication services (XLC), consumer discretionary (XLY), healthcare (XLV) and technology (XLK) each enjoyed gains of less than 1%.

The Dow Jones index subtracted 26 points (-0.10%) to close at 25,887. The Nasdaq added +9 points (+0.12%) to settle at 7,723.

Investors Proceed Cautiously Regarding Market Issues

Stocks finished mixed as investors were baffled by inconsistent reports reporting on US China trade negotiations. Bloomberg News reported, citing people familiar with the matter, that U.S. officials are worried China may be pushing back against U.S. demands in the countries’ ongoing trade talks. The report also said Chinese negotiators are worried they have not received assurances that tariffs imposed on Chinese goods would be lifted once a deal is struck. The major indexes briefly regained some of its footing after Dow Jones said the talks were in the final stages, noting China Vice Premier Liu He will travel to Washington in the next few weeks.

Randy Frederick, vice president of trading and derivatives at Charles Schwab, said investors have grown complacent as this issue — along with Brexit in Europe — have yet to be fully resolved. “I feel like the market is pricing in a best-case scenario on both of these things,” Frederick said. “This is a good time to be a little bit cautious rather than jumping on board with this rally as it is.”

Key Takeaways…

I took the following CNBC screenshots this morning regarding funds playing defense and global fund manager survey:

Investors Proceed Cautiously Regarding Market Issues

Investors Proceed Cautiously Regarding Market Issues

Notable S&P Movers…

Below I’ve highlighted some notable S&P movers (both winners & losers).

Credit: Sector Graph provided by Sector SPDR app. Sector breakdown provided by Charles Schwab. Sector heat map provided by finviz. Information Credit: News Headlines and quotes were taken from CNBC in the writing of this post.

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3/19/19

S&P 500 Sector Graph

Investors Proceed Cautiously Regarding Market Issues

S&P 500 (SPY)

Investors Proceed Cautiously Regarding Market Issues

Communication Services (XLC)

Investors Proceed Cautiously Regarding Market Issues

Consumer Discretionary (XLY)

Investors Proceed Cautiously Regarding Market Issues

Consumer Staples (XLP)

Investors Proceed Cautiously Regarding Market Issues

Energy (XLE)

Investors Proceed Cautiously Regarding Market Issues

Financials (XLF)

Investors Proceed Cautiously Regarding Market Issues

Real Estate (XLRE)

Investors Proceed Cautiously Regarding Market Issues

Healthcare (XLV)

Investors Proceed Cautiously Regarding Market Issues

Industrials (XLI)

Investors Proceed Cautiously Regarding Market Issues

Materials (XLB)

Investors Proceed Cautiously Regarding Market Issues

Technology (XLK)

Investors Proceed Cautiously Regarding Market Issues

Utilities (XLU)

Investors Proceed Cautiously Regarding Market Issues

S&P 500 Sector Heat Map

Investors Proceed Cautiously Regarding Market Issues

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