There is talk about a US lead rotation out of the big caps and into the smaller cap stocks. Below is the S&P Equal Weight Index which rallied last week. According the earnings reports on TE's website (see here), earnings are coming in flat at best (or down?) which no way justifies the big rise in share prices over the last 12 months.
"But what about the soft landing and lower interest rates?" => Well, the Sham Rule is about to be triggered, the banks are being told to bunker down (see here) and all the recent consumer and business surveys paint a bleak picture. Besides that . . .
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There is talk about a US lead rotation out of the big caps and...
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