Intraday momentum relative to the SPX, shows Energy broadly as having the best momentum vs the SPX
Financials were stronger earlier in the day momentum wise, now they are falling off.
Tech is lagging as well
Broadly speaking commodities are also lagging.
Is interest rates about to start going up?
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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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