Newsletter
— Newsletter · 9 months ago
Rotation Continues As Markets Remain Bullish
U.S. equity markets delivered mixed performance last week. Major indices generally held near record levels even as volatility increased and macro and policy risks surfaced. Notably, breadth has expanded as the rotation from technology to other sectors continued. Such was particularly notable in materials, industrials, and transportation. We noted on January 8th that a rotation into defensive areas was likely. Since then, staples and energy have significantly outperformed.
