Is Rotation Over?
- Strong rebound in Semis and Magnificent 7 stocks led the index gains today, not surprising after last week's sharp losses.
- MAGS cycles were indicating a bounce.
- However, 8 out of 11 sectors showed negative breadth; 2nd day in a row while headline indices showed nice gains!
- Didn't someone mention yesterday that rotation into the broader market might be running out of fuel?
