Is "Defense" No Longer Going To Work As An "Offensive" Tool?
- The NDX 100 Index broke its key resistance level…and the S&P 500 is testing is key level. However, we’ll have to get past this week’s expiration…and some more upside follow-through…to give us confirmation.
- If the debt ceiling issue gets resolved, it won’t impact the Fed…or cause banks to lend more.
- We’re seeing some underperformance from several defensive groups…including the consumer staples. Is this just something that is working off an overbought condition…or is it the beginning of a big “rotation” move?
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