Highlights
- The Short-Term Risk Gauge quickly backed off 'Risk On' to 'Mixed', however market participation improved beneath the surface.
- With sector rankings unchanged, our focus shifts to internal Risk Gauge moves, led by Materials fully rotating into Risk On across all time frames as Industrial Metals broadens participation.
- Utilities and Energy are deeply oversold on a short-term basis, yet intact long-term structure argues a relief. . .
