6/9/2026 - Friday, the market fell out of bed for a number of reasons,
including the jobs report, leveraged ETF rebalancing, and a
general sense that it was time to take some profits. Mega
cap growth (MCG) and Technology (XLK) have been bumping up
against the trendline of the trading range. Then add that
traditional valuation metrics have been at extreme levels
for a long time, as noted by the folks at Bank of America....
Payne's Perspective: Another Monster Week
6/1/2026 By Charles Payne, CEO & Principal AnalystOn an absolute basis, Technology (XLK) remains less expensive than Industrials (XLI), Consumer Staples (XLP), Communication Services (XLC), and Health Care (XLV). Meanwhile, the NASDAQ-100 (NDX) and iShares Russell 2000 ETF (IWM) are less expensive than the S&P 500.
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