Technicals confirm we’re in the “Summer of Small-caps"

US Equity indices look to have bottomed following Monday’s 1% rally to multi-day highs in SPX and QQQ led by strength in Technology.  Small, and mid-Caps could outperform in the weeks ahead, while other Defensive groups like Utilities and REITS have begun to show more evidence of turning higher.   Overall, given that Semiconductor stocks managed to regain more than 50% of last Friday’s losses, this snapback in Tech is...

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