The Printing Continues – Investing.com
- Date: 13-May-2021
- Source: Investing.com
- Sector:Technology
- Country:Middle East
The Printing Continues – Investing.com
Last week’s move to new all-time highs in both the S&P 500 () and the Dow Industrial () masked deteriorating underpinnings as both the iShares Russell 2000 ETF () and the Invesco QQQ Trust () lagged.
Values stocks led the run-up once again while big cap stocks remained stuck in first gear. In fact, the once leading was down -1.12% for the week, and was lagging on year-to-date performance by more than 6% against other key equity indexes.
Our Alpha rotation model took advantage of the run-up by taking partial profits in SPY and moving up stops. Also noteworthy is the fact that the got smoked, while all commodities ripped higher—including soft commodities, and .
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