• The stock market bounced nicely off its oversold condition yesterday…and depending on this week’s announcements, it could bounce even further.  However, the divergence between the bond & stock markets remains a big one, so we believe any further rally will provide another opportunity to raise cash and get more defensive.
  • One sector that could do well over the rest of this year is the healthcare sector.  The XLV healthcare ETF (and quite a few individual stocks in the sector) have reached the kind of oversold conditions that have been followed by strong rallies in the past. 


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