Quote:
Originally Posted by lewdog
Nasdaq looks to be correcting the most.
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We’ve done this rotation out of tech/high-flyers and into recovery stocks a few times now.
I don’t think the S&P is even correcting. RSP is the equal weight S&P 500 and it was slightly up yesterday. We just shifted a ton of money from growth to value. As the economy does better it's going to be a bit of a natural drag on the cap weighted funds as institutions sell some AAPL or MSFT to buy airlines and other recovery plays.
I think Powells at Congress today or tomorrow so probably not the worst time to shift a bit more defensive.