What’s Wrong With The Market A Cautious Rally Outlook
The piece argues that market tops and bottoms are not signaled by bells and notes a tentative rally that is becoming increasingly selective. It highlights weakening breadth, rising internal divergences, and a gloomier economic outlook, while maintaining a short term bias higher for 3–4 months and a longer term view of a positive environment for select stocks.
Heat wave creates winners and losers in the economy
The piece notes how extreme heat and drought hurt farmers and consumers while boosting sectors like electric utilities, seaside resorts, soda and beer makers, ice cream, soap, and baths. It cites Edison Electric Institute data on record electricity output and quotes analysts from Babson & Co and the National Soft Drink Association.
MENTIONED IN THIS ARTICLE
Reagan
South
Midwest
United States
Sons the
Edison Electric Institution
Edward Hadas
Babson & Co
Boston
National Soft Drink Association
Phillip Katz
U.S. Brewers Association
Cliff Carman
Agriculture Department
Tobi Rozen
International Association of Ice Cream Manufacturers
Record Electricity Demand Hits New Southeast Peak
Amid extreme heat in the Southeast, Gulf Power reports a July 21 peak of 1.543 million kilowatts between 4 and 5 p.m. CDT, surpassing the Jan 21, 1985 record by 12,000 kilowatts. The Southern Company also records a new all time 24.395 million kilowatts from 3 to 4 p.m. EDT, exceeding prior highs by 269,000 kilowatts.
MENTIONED IN THIS ARTICLE
Florida
Gulf Power
John Oerting
Oerting
Gulf
Ben Kickliter
Southern Company
Southeastern Utilities
Georgia
Alabama
Mississippi
Gulf Power Companies
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