To: rimshot who wrote (194) | 12/16/2021 6:37:19 PM | From: rimshot | | | RRG daily S&P 500 sectors - update for Thursday Dec 16 close
* XLK moves further into Weakening and XLY moves further into Lagging
* XLP and XLV move sharply higher into Leading
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To: rimshot who wrote (196) | 12/17/2021 12:07:08 PM | From: rimshot | | | What’s been behind the tech sell-off?
Most likely hedge fund de-grossing into year-end on concerns of much lower liquidity. According to Goldman, HF's sold US Tech at the fastest pace in years and are now underweight Tech by 4.5% vs. SPX, the lowest level ever on their record.
* from this morning's twitter feed of a Chief Investment Strategist |
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