Highlights
- Breadth among the cyclical sectors reached a degree of oversold last week sufficient to warrant expectations of a tactical rally in the days/weeks ahead.
- Under a more favorable environment, we would be focused on buying stocks with the plan to hold them for several months or longer, just as we have for the past 2 years.
- Alas, the context for this impending rally has deteriorated enough such that our expectations are more guarded.
- We're s. . .
