Financials underperformance hurts an already "thin rally"

Near-term US Equity trends are bullish, but SPX looks to be stalling near the highs of its channel resistance, and breadth has begun to wane sharply this week as Financials, REITS, Consumer Staples, Materials, and Healthcare are all lower over the past week. Top SPX constituent NVDA, meanwhile, has broken out and is rallying back to overbought levels. Yet, both MSFT and META fell after-hours on Wednesday a...

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