Afternoon Update

Factor rotations today is the mirror image of Monday,and insanely strong, out of growth and into value. As a result Small and Mid Caps, Dow Transports, the DJIA procyclicals and defensive sectors lead. The S&P-500, Nasdaq-100 and Tech lags. My Most Shorted index is soaring, which typically benefits small caps most… SPX/MSI (2m) but it’s…