While it exhibited resolve, the week had a rough finish. All eleven sectors finished lower, but the Defensive sectors held up best. The main story continues to be the mega-cap retreat (see Heat Map).
With the ten largest companies responsible for 34% of the S&P 500, these names must hold on, or everything else rally as they pull back. That has only happened in spurts.
Bucking the Experts
The U.S. Dollar (DXY) has been sizzling and is now close to a potential monumental breakout. This is not bullish.
It's all about the Fed and Powell’s Q&A on Wednesday. There is a lot of anxiety but no fear in the air.
Products & Services |
In The Media |
About Us |
All Rights Reserved.