If Tech Sees a Material Pullback, "Rotation" Will Turn Into "Selling"
Table of Contents:
1) When “rotation” is really “churning,” it’s not very bullish.
2) The relationship between the bond & stock market has reached a dicey juncture.
3) Watch the consumer for signs of US growth, but watch South Korea for signs on global growth.
4) Some (non-Mag 7) tech stocks have become extremely oversold!
5) The most important index to watch over the next few weeks just might be the S&P 500 Equal Weight Index.
6) The homebuilders are not acting well at all…as mortgage rates hover around 7%.
7) The banks have been cheap for years…but they remain vulnerable.
8) Potpourri…”Ok, we’ll go.”……June 6, 1944.
9) Summary of our current stance.
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