It was interesting to see what moved large in the US last night. REITs and associated were the big ones. Nothing to do with the higher for longer?
And to a smaller scale airlines, banks, tobacco, drinks and pharmaceuticals. Not much to do with consumer spending habits I am thinking.j
1-year moves have been good. Some of the weekly data has been turning lower in these areas also. 5% moves are important to watch.
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It was interesting to see what moved large in the US last night....
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