Highlights
- If the S&P rallies more than 20%, the easy bet would be that high beta would outperform low beta...beta does what beta is.
- Therefore, as tempting as it is to view the recent market rally as "resilient", we are more focused on the "fact" (we could be wrong, after all) that market structure is still broken, despite this beta led rally.
- Now that we're back to the highs, at resistance, and showing divergences of several sorts, our attention is on the potential. . .
