Highlights
- As the caboose on the asset class train behind the dollar, commodities, and rates (in that order), equities have a unique bird's eye view into the direction of the train.
- Based on the fact that conditions have actually improved since the volatility spike in early August, it seems clear that the equity caboose likes where the train is headed.
- Although Utilities are in the #3 leadership spot, most of the higher "safety" sectors are at the bottom of the rank sort.
This. . .
