Stock rotation into the non-magnificent 7 is on! Absurd price action is correcting. We live in a universe of bubbles inflated by money printing and excess liquidity.
I agree, Rodney. That's why I was suggesting a sideways consolidation while the MAs catch up. But if the breakouts in ASX 200, Dow, and SP equal weight are for real, the pullbacks should be reasonable shallow, and not meaningfully re-enter the the old range. Of course, that scenario may not play out.
