Late Day Sector Rotation
Afternoon sector rotation shows financials, energy and industrials fading while the defensive healthcare, utilities, and staples strengthen.
Commodities, which should normally move well with Euro strength are now below yesterday's close.
Credit, which is a larger market then equities, has seen the risk on, High Yield credit also move below yesterday's close.
Think about it.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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