Weekly MOTR Report (WMR): “Dollar Pause to Fuel Rotation to Cyclicals”

The S&P remains in a bear market, but prospects for a tactical bounce remain high. Admittedly, the potential upside for the market from here is not particularly attractive, as very strong resistance lies just overhead between 3900 and 4000 (Figure 1). That said, when the market offers oversold conditions, we want to always be mindful of pushing the portfolio towards both established and. . .

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