The reason we had this neutral trend, this sideways act and forth, for what turned them. Ullish was a higher load the buyers have more conviction on each dip. We now have the rsi coiling up out of the coil. Moreuggesting we could see strength ahead for the s p 500. One place there wasnt strength was defensive yield proxy stocks. Interestingly, a 260 million etf that focuses on defensive stocks actually rose today. It is outperforming the s p 500 by about 1 this year. It equals about 100 s p 100 cks that have strong prop strong profiles, but the holdings are not what you would think of when you think of the textbook definition of defensive stocks. After that it is software, electronics, diversified financials, retail, bank stocks, they all have at least a 5 allocation in the etf. It shows you that defense really is in the eye of the beholder. Palladium surge to a record high as cleaning air rules clean air rules boosted demand for the metal. There is concern that the high price of palla
Oil tumbled after OPEC+ unexpectedly rolled out a plan to restore some production to the market this year, adding to the bearish momentum crude has been ex.
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