Small caps are lagging, while stodgy, mega caps in the Dow are leading. In addition, consumer staples are outperforming consumer discretionary stocks. Matt Drudge is watching the Dow’s every tick, but risk appetite is clearly not as wild today. As I have been noting, jokes aside, I was looking for strength early this week to lock in some gains and wait for a better spot to reassert myself.
Perhaps this is yet another blip before a rotation back into the high beta names. But today it appears the market is giving a subtle hint at a pause. Compare and contrast the two ETFs below.
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lol – looks like my gym
Is the asian woman eating ice cream while exercising?
glad you listened to me about small caps underperforming