Massive outperformance by the Russell 2k vs S&P & NDX after Powell gives the dovish nod on rates cuts yesterday.
Dow Index continues to make new highs
Real rates collapsing today. Yields getting pressed as well. 10yr Yield well below 4%.
Big rotation out of Mag 7 & Winners and into Laggards, Cyclicals and Reverse yield plays.
Last liquidity event of the year tomorrow with Triple witch.
Good stat on triple witch.. 13 of the last 15 tripe witches have closed in the red. Hat Tip to Alex Verdi.
Mini rotation goings on intra sectors with more detail below.
Is Retail going to have a bad case of Fomo with these beaten up names going higher. Will money come out of Money Funds?