Highlights
- Defensive rotation continued beneath the surface, with Technology weakening, Utilities and Real Estate strengthening, and the U.S. Risk Gauge holding just shy of 'Risk On'.
- While MAG7 earnings and this week's Fed decision could drive volatility, we remain focused on the Risk Gauges and Trend Structure, waiting for more evidence before declaring this pullback the end of the AI-led bull market.
“Defensive but not Deadly.”
Last week saw Q2 earnings reports from. . .
