Charting My Interruption (CMI): “Lullaby on Wall Street”
April 21st, 2023
David Lundgren, CMT CFA
Its been 15 months since the S&P has hit a 12 month high. While this is clearly not good for the bulls, such lack of upward progress isn't necessarily good for the bears, either. The current case is a good example, in that it has also been 6 months since the S&P has hit a 12 month
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Highlights Market rotation strengthens, with investors favoring cyclicals and smaller caps despite MAG7 weakness. Construction Materials climbs the MOTR ranks,
Its been 15 months since the S&P has hit a 12 month high. While this is clearly not good for the bulls, such lack of upward progress isn't necessarily good for the bears, either. The current case is a good example, in that it has also been 6 months since the S&P has hit a 12 month 
