Highlights
- Sector rankings were largely unchanged last week, with the U.S. Risk Gauge nearing full Risk On and leadership concentrated in Industrials, Materials, Health Care, and Energy.
- Strength within Industrials was reinforced by the Transports MOTR Group moving to 6th out of 28, prompting us to look for opportunities despite the group being somewhat extended.
- Until Risk Gauges turn lower and leadership rotates into defensive sectors, we remain. . .
