Yields and Oil Consolidate, Beaten-Up Stocks Bounce: Fragile Record Highs

As price and the macro environment developed last week  — including rates and oil hitting measured moves and ready to consolidate, as well as the huge miss of Friday’s Payrolls, dovishly crashing October rate hike odds — more and more I saw a window for Rotation to the recently beaten-up, most unloved stocks. I probably…