• It was an uneventful day in the stock market yesterday, but we did see the energy stocks and bank stocks break above their key resistance levels.  Thus, if they can see more upside…either now, or after a quick breather…its’ going to be quite bullish for these groups.
  • The targets many bullish pundits have for the S&P…and the growth in the economy & earnings they’re also looking for going forward…don’t add up.  Therefore, stock & group “rotation” should be the key to outperformance in the second half of the year.
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