Highlights
- The "K-Shaped" economy has resulted in a "K-Shaped" market with no signs of relief in sight.
- Within the tech sector alone, the dispersion between leading Semis and IT Hardware vs lagging Software & Services has never been so wide.
- Outside of Tech, other traditionally pro risk groups, like Consumer Durables, Retail, Capital Markets, and Credit & Credit Services are being decimated, while Capital Goods, Clean Energy, Energy, and Materials perform admirably.
- While this is indeed very unorthodox, it is what it is...bullish and bearish simultaneously, and. . .
