Highlights
- The U.S. Risk Gauge medium-term timeframe has downticked to 5, deeper into 'Mixed' territory, while the long-term gauge remains 'Risk On', suggesting we may see another rally before short setups become more attractive.
- Several former leaders have deteriorated sharply, with Capital Goods falling to #17, Precious Metals to #18, Biotech to #21, Clean Energy to #28, while IT Hardware now ranks #12 out of 28 MOTR Groups.
- Leadership is rotating away from cyclical 'Risk On' groups and toward more defensive areas, including Insurance, Consumer. . .
