Highlights
- The correction continues to unfold in a manner comparable to most corrections in bull markets...painful, but expected.
- We remain focused on key levels and which sectors/industries are leading throughout the correction.
- If we can get through the volatility with trends and cyclical leadership intact (our expectation), then we'll seek to redeploy recently raised cash balances.
- For now, we are quite oversold, so a bounce should be expected, but enough short-term (weekly chart) damage has been done to warrant. . .
