Afternoon Update
The major averages are mixed into the close. Price action in mega cap-heavy, cap-weighted S&P and Nasdaq-100 looks good. SPX (3M) The Dow and Mid-caps, less so, but not alarming. It’s not surprising as the only 3 sectors trading green are the three mega-cap heavy sectors. There’s no follow-through on thursday’s Defensive/Procyclical rotation. Market breadth…
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