Market Update – The Test of Cyclical, Value & Small Cap Rotation Is Coming

12:33 p.m. ET We’re getting some follow-though on yesterday’s Cyclicals over Mega Cap Tech, and Value (+0.8%) over Growth (0%), which favors Small Caps, the DJIA and Dow Transports over the NDX and to a lesser degree, the SPX. Economic data: The November S&P Global US Services PMI rose to 57 in the preliminary reading…