Weekly Risk Gauge (WRG): “Tech Oversold, Staples out of Risk Off.”

Highlights

  • Markets sold off broadly on elevated volume following NVDA earnings, sharp swings in rate-cut expectations, and the September jobs report. Despite the noise, the Risk Gauge held steady in the upper half of mixed.
  • Healthcare remains the top-ranked sector, strengthening during the sell-off. The Long-Term Gauge ticked up to 5, XLV closed at all-time highs, XBI and XHP showed continued strength.
  • Tech took. . .

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