NDW Morning Pulse

Below are highlights from the NDW Morning Update Video for the morning of 07/16. Access the the video on the NDW Morning Update Video page. 

• Crude Oil (CL/) and Gold (GC/) reversed back up this week, highlighting some near-term strength. Despite the recovery, both commodities remain well below the highs reached earlier this year.
• Looking at the DALI sector rankings, technology still sits in first with 199 signals. However, the sector has lost 35 signals so far in July, suggesting some emerging weakness in recent weeks.
• The financials sector has continued to strengthen over the past several weeks. Since the beginning of June, the sector has added 36 signals and climbed into fourth place in the sector rankings.
• The probability of a Federal Reserve rate hike at the September meeting currently stands at 54.5%, indicating that a rate increase remains the most likely outcome.
• This week's featured analysis is Monday's Sector P/E Valuation Ratio report, which breaks down the P/E ratios across all 11 major sectors to identify the key factors driving sector performance.