Slowing Global Economy Already Realized

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as the slowing global economy already realized. 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 futures point to slightly lower open amid US-China trade talks; Fed minutes due

U.S. stock index futures were mixed Wednesday morning, with market participants monitoring the latest round of trade talks between the world’s two largest economies. At around 3:00 a.m. ET, Dow Jones Industrial Average futures were 19 points lower, indicating a negative open of more than 21 points.

The S&P 500 (SPY) inched up +0.18% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Materials (XLB) led advancers higher with a +1.71% gain. Consumer discretionary (XLY), energy (XLE), financials (XLF), industrials (XLI), technology (XLK) and utilities (XLU) each enjoyed small gains of less than 1%. Communication services (XLC), consumer staples (XLP), healthcare (XLV) and real estate (XLRE) each suffered minor losses of less than 1%.

The Dow Jones index climbed +63 points (+0.24%) to close at 25,954. The Nasdaq added +2 points (+0.03%) to settle at 7,489.

Slowing Global Economy Already Realized

Stocks gained on Wednesday as investors digested the latest Federal Reserve meeting minutes. The latest Fed minutes saw downside risks to the economy from its January meeting including “possibilities of a sharper than expected slowdown in global economic growth especially in China and Europe. When reading the above CNBC article, I came across the following quote regarding the global economic slowdown, “Slowing growth has been a low humming chorus in the market for a while now and today we’re hearing the Fed join in, which is a significant departure from the goldilocks rhetoric we’ve heard from them in the past,” said Mike Loewengart, vice president of investment strategy at E-Trade. “That said, slow growth does not mean recession.”

Key Takeaways…

I took the following CNBC screenshots this morning regarding stocks & trade talks, pushing the market higher, getting too pricey and street talk:

Slowing Global Economy Already Realized

Slowing Global Economy Already Realized

Slowing Global Economy Already Realized

Slowing Global Economy Already Realized

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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2/20/19

S&P 500 Sector Graph

Slowing Global Economy Already Realized

S&P 500 (SPY)

Slowing Global Economy Already Realized

Communication Services (XLC)

Slowing Global Economy Already Realized

Consumer Discretionary (XLY)

Slowing Global Economy Already Realized

Consumer Staples (XLP)

Slowing Global Economy Already Realized

Energy (XLE)

Slowing Global Economy Already Realized

Financials (XLF)

Slowing Global Economy Already Realized

Real Estate (XLRE)

Slowing Global Economy Already Realized

Healthcare (XLV)

Slowing Global Economy Already Realized

Industrials (XLI)

Slowing Global Economy Already Realized

Materials (XLB)

Slowing Global Economy Already Realized

Technology (XLK)

Slowing Global Economy Already Realized

Utilities (XLU)

Slowing Global Economy Already Realized

S&P 500 Sector Heat Map

Slowing Global Economy Already Realized

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