Major Defensive Posturing Last Week
The Euphoria is Running Out of Steam
The worst performing sectors last week were the sectors associated with the Mag 7 stocks, which have led the recent melt-up in equity markets. This is a sign that the market rally might be losing steam as the leaders of the rally take a break.
Defensive Posturing Over the Past Two Weeks
The companies associated with the end of an economic expansion cycle or the beginning of a contractionary cycle have been showing signs of strength over the past two weeks. This shows that the rally is either broadening out to other areas of the market besides big tech, or investors are taking a defensive stance in anticipation of a correction.
Based on the markets' defensive posturing, do you think the rally is broadening out, or is there an inpending correction incoming?
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Ultratech : would bet they go back up
SpyderCall OP Ultratech : went back up in a big way today thanks to NVDA. The tide that rises all boats.
MonkeyGee : I can feel the slow down
103492747 : learn newbie