Consumer Staples' relative strength signals an increase in Defensiveness

The US equity rally over the last nine of 11 days has been constructive enough to think a move back to new highs can happen into September ahead of any seasonal Fall correction.  The Equal-weighted SPX has already pushed back to new all-time high territory coinciding with the breakdown in the US Dollar and Treasury yields.  Furthermore, market breadth remains constructive and Sentiment is not yet bullish enough to mark a larg...

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