Good morning,
It’s a one-trade market out there, and, at least as of Friday, it doesn’t appear to be done yet.
Today, we’ll walk through some historical stats on just how crazy and rare the semiconductor move has been, as well as the lack of participation in the rest of the market.
I’ll also highlight a couple of under-the-radar momentum indicators that performed well during the dot-com bubble and haven’t turned red yet.
This week’s report will review:
A bearish message from the financials sector
The S&P 500’s weekly winning streak
Breadth
Meme(ory) stock mania
Risk appetite signals
Oil and rates
and more!
