The inability of names like PCLN WYNN to bounce from oversold conditions of late likely indices a meaningful change in character is at hand for these winning, leading issues from recent years.
In addition, bonds of course are also sporting a change in character with dip-buyers stuffed at each and every juncture since August 29th, not long after which we saw a confirmed “island top” pattern on the Treasury ETF, TLT. Commercial real estate stocks in the IYR have also abruptly weakened, a rate-sensitive sector in its own right.
Feel free to drop me any other changes in character you see out there.
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Chess
Thoughts on PBR ?
great beer…
Agree with neil….bear54 – Neutral on PBR here.
S American lottery. Impenetrable accounts, political risks, and a penchant to overpay “Westerners”
OK, OK I’m short