Highlights
- Semis and IT Hardware have been the two dominant MOTR Groups of this AI themed bull market.
- We lost IT Hardware from the leaderboard a couple weeks ago, and this week, Semis have fallen from the #1 perch.
- Perhaps we are threading the needle here, but we think there is still room for broad market strength into year end.
- However, given the persistent deterioration we have seen, we will use that strength to increase defensive positioning ahead of turbulence sometime in early. . .
