Intraday Update – Mega Caps Improve

2:57 PM The mega caps are “part” of the positive change in character last week. Semis and Nvidia were another. The mega caps (MGK +0.85%) were trailing the EW S&P by at least -160bp earlier, now 85bp. Earlier today the market had a more defensive, cautiously optimistic” feel with a mix of defensive and cyclical…

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