MarketsMuse Editor Note: Below comments from this a.m.’s edition of “Sight Beyond Sight” were among several that jumped off the page..
“..Conversely, Technology has moved to the “Weakening” from “Leading” quadrant and Healthcare is now exhibiting the same early stage relative weakness as Technology. The takeaway is that there is a clear rotation into defensive strategies and for the first time in a very long while the leadership (Healthcare/Technology) is the source of funds. Thematically, 2014 has been “a market of stocks instead of a stock market….So the question that needs to be asked is whether a sector rotation has the ability to finally break the SP500 index level range….”
“..We are becoming increasingly negative about the US index levels for the first time in a long while…and we believe that the USD will begin to appreciate..”
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