Rotation Theme Building into 5/15-5/19 Window: NYA Cycle Argues Cap-Weighted Stallout Approaching

Near-term US Equity trends still look bullish technically per Friday's note, with $SPX still tracking toward the 7500 target and Overweight Technology maintained as the Russell 3000 A/D line continues to confirm at new highs alongside $SPX. Today's session did not change that core thesis, but the rotation out of many US sectors like Consumer Discretionary, Consumer Staples, Healthcare, and Financials seems to be acc...

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