..this matrix chart explains rather well this bifurcated market in the US.
..materials or resource sector in the bottom left quadrant.
..while financials and real estate is on the bottom right quadrant, market participants are wary about what lies ahead.
An interesting scattergram from our friends at@StrategasRP
showing relationship between YTD sector performance and YTD sector earnings revisions … fortunately, none are in the northwest quadrant of hard-to-justify downward revisions but positive performance; whereas southeast quadrant could suggest opportunity at some point
