Rotation Might Be Underway

Small caps are beating the large caps for a change, with a flat Russell and down 180 NASDAQ. Underneath the hood you can clearly see rotation underway, from tech to basic materials — but it isn’t a bold move. This type of move is largely unimportant on a slow Friday afternoon.

Even stil, I managed to escape the wrath of the market, preserving my account from losses — now sitting +10bps. I don’t feel easy with a portfolio filled with basic materials, which is the point. Most people miss out on rotations because no one wants to sell what is working in favor for some laggards. It takes time and foresight to truly capture a revolving move.

Is it happenng?

IT REMAINS TO BE SEEN, but I am open to the idea.

I do not have anxiety. My pink levels are very low, since my health is most excellent and my demeanor is both poised and collected.