Folks sold industrials, financials, transports and even retailers on Thursday to buy their beloved tech stocks here's what that did to the indicators.
You Can t Fall Too Far If You re Going Sideways Let s look at this either/or market and why we just aren t getting the big whoosh. (And what ever happened to the inflation rate fears?)
Let s go back to the notion of a whoosh.
In a true whoosh, the market gets so cleaned out, all the selling is finished, such that the resistance overhead is minimal. That is clearly not the case in this market. It remains an either/or market. And I am still in the camp that growth stocks should see some rotation back to them.
Let s first note interest rates. They have been steady for months. And as I noted last week, it seems for now that the inflation obsession has tapered off somewhat. The