Highlights
- We continue to lose AI linked MOTR Groups from the Top 10 Leaderboard, with Semis the most recent to fall from grace (now #12, down from #4 last week).
- The Risk Gauges for the three horsemen of the AI trade--Semis, IT Hardware, and Capital Goods--are now all in the bottom half of 'Mixed' in the very important medium-term timeframe.
- However, the broad market Risk Gauges remain in the top half of 'Mixed', so we continue to expect the bulls to make a stand. . .
