...the great rotation may be the great idiocy.
....Regional Banks??? Seriously?
....Homebuilders?
....REITS?
....market participants are just herds following the rotation because they follow the narrative blindly and hoping to make a quick buck where they perceive where money flows, after darling mega techs got well and truly beaten,
....when the market starts buying crap like this, it is a RED FLAG.
....market is thinking a coming rate cut must mean the pain is over for these sectors, but forgetting that the pain is waiting to implode and rate cuts will come too little too late if they do come...
The Great Rotation over the Last 5 Trading Days...
Regional Banks $KRE: +13.8%
Homebuilders $XHB: +11.3%
US Small Caps $IWM: +9.3%
REITs $VNQ: +6.4%
Value $IWD: +4.1%
Gold $GLD: +3.6%
Japanese Yen $FXY: +3.6%
--- US Large Caps
$SPY: -0.8%
US Dollar $UUP: -1.1%
Apple $AAPL: -1.8%
Growth $IWF: -4.2%
Nasdaq 100 $QQQ: -4.2%
Netflix $NFLX: -4.5%
Microsoft $MSFT: -4.9%
Google $GOOGL: -5.3%
Tech $XLK: -5.6%
Amazon $AMZN: -5.9%
Nvidia $NVDA: -12.5%
https://x.com/charliebilello/status/1813686288002035866
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...the great rotation may be the great idiocy. ....Regional...
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