Sector Rotation or Deterioration? We'll Do it Live
Another day in the market where the jury is still out as to whether we have a breakdown on our hands or simply more churning as bulls keep the tape afloat via sector rotation.
Even as energy stocks and the mega caps in the Dow came in today, for example, broadcast and media firms like GTN (below on the attractive daily timeframe) benefitted from inflows and outperformed.
So even with IBM and NFLX two glaring laggards today, bulls are betting on continued rotation for the resilience to continue.
More in my recap after the bell.