It appears today was a rotation station day - out from commodities and into housing, and some financials. Final stage of correction approaching? Dunno. Too early to tell. However, the clip above may show the near term fate of commodities? ;)
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2 comments:
no rotation into Blackrock - loosing the 200ma it seems...
Yep, it did not have a good day. I will be curious if Mastercard/VISA follows. If so, we have a 'sell the winners, buy the losers' rotation. Regardless of sector. Those are really the only winners in the financial group.
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