July 4th travel, S&P 500 broadening: Asking for a Trend

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Paula Twidale News

Angie Hicks,International Travel,Trading Day

On today's episode of Asking for a Trend, host Josh Lipton breaks down key trends and stories from Tuesday's trading day. As Americans kick off their holiday...

. Twidale explains that American airports are gearing up for a record 70.9 million people traveling for the holiday, revealing that the pent-up pandemic-era travel demand isn't over:"Consumers are not willing to give up the respite they deserve," she says. The Pacific Northwest, theme parks, and urban cities such as New York and Chicago are particularly popular domestic destinations, Twidale notes. However, she adds that international travel is equally high.

Still keeping many on the sidelines plus trains and automobiles, airports and interstates are gearing up for a record week of fourth of July travel. I, you know, even despite inflation and all the numbers we talk about, um you know, consumers are not willing to give up the respite that they deserve. Let's not forget about international travel because international travel is equally high London, Paris, you know, Pre Olympics, we have all this going on right now.

So no matter how you slice it in these two different ways, probably gonna get some momentum to the up resistance support.So let me um put a two year chart to see if I can find 265.140 is a big level, but I think 150 would probably stop it.So, uh all in all, I think we got some space to move to the upside.

And then we also have this different measure that starts about what 1960 something, 1970 weight of the top, top 10 stock.But for all the talk of concentration, is it different this time?Any other signs of concentration? The blue line is what's happened so far this year and we're right during this period, this period right here is supposed to be pretty quiet.But then we start seeing some hiccups here when the vic spikes up, that's we start seeing stocks roll over.

Um Is it bathrooms, is it kitchens and and what are the smart rooms to innovate just in terms of the return on, on investment?When we look at our state of home spending, bathrooms are always in the top five most common projects people tackle. So thinking about that outdoor kitchen, a new patio, uh new landscaping, those are all really good investments into your home.Well, it's, it's interesting.

Give us some guidance, Angie, where's just some, some basic tips and tricks people need to think about. You have an idea, you've got to stick with it and you need to make sure that you're realizing exactly what you're good at and what you need to build in your team. Now, our question is whether or not the narrow concentration within the market, how big of a risk maybe that poses to the broader market at this point.

 

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