3/21/2022
By Charles Payne CEO & Principal Analyst

It’s moments in time, like the action last week, which make me so proud of the work we do, especially the day-to-day handholding.

I’ve mentioned the market looked like a coiled spring, but I must admit that reversal was more impressive than anything I expected.

Heat Map

The S&P 500 Heat Map had more red and purple hues than one might have expected, considering how amazing the week was. This suggests the rotation of funds with the most “dry powder” earmarked for buying is still on the sidelines.

Of course, the big mega-cap names that must lead any rally got into gear, and other sectors were secondary beneficiaries of rotation of hot (or scared) money. 

To read the full report, contact your account representative or email Research@wstreet.com

Charles Payne
Wall Street Strategies

Add a Comment!