Inter Inches To An All-Time High
Good morning. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Friday’s markets were muted. Every major index inched approx. +0.25%.
Financials flew +0.74%. Utilities, communications, consumer staples, and consumer discretionary gained more than +0.20%. Industrials, energy and real estate were the only negative sectors.
New 52-Week Highs led New Lows — 99 vs. 3.
THE BEST OF THE BEST
Inter & Co ($INTR) is the Best of the Best. The Brazilian bank gained +3.06% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Cleveland-Cliffs ($CLF) is the Worst of the Worst. The steel manufacturer stumbled -0.40% and ticked its lowest price since November 2022.
Here’s the daily chart.
And cliff-hanging weekly chart.
RILEY’S RECS
This Week on Trends with Friends (August 18, 2024)
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