The winner is... Tech dominance.
https://x.com/SuburbanDrone/status/1802744345340064063
BREAKING: Tech relative to the S&P 500 has now hit new highs The ratio is 10% higher than even the peak of the Dot Com bubble
https://x.com/GameofTrades_/status/1802732943015899410
Equal Weighted S&P 500 $RSP still falling off a cliff against the Market Weighted S&P 500 $SPX. It's on track for its 11th straight red day and 18 of the last 20 days. Not great!
https://x.com/Barchart/status/1802763557550866656
Here is what that looks like as an indicator. Yet another bearish divergence (which should matter, eventually).
https://x.com/McClellanOsc/status/1802716435514630554
MARKET NEWS: YIELD CURVE US Treasury 2-year/10-year yield curve has hit its most inverted level since mid-March, signaling potential economic uncertainty. Historically, an inverted yield curve has been a recession predictor.
https://x.com/1CoastalJournal/status/1802787766528569392
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