Highlights
- Stocks surged on heightened expectations of a September rate cut, pushing the U.S. short-term Risk Gauge into ‘Risk On’.
- Eight of the eleven sectors now have more than 80% of their stocks trading above the 15-day moving average.
- If this breakout is the start of broader participation for the average stock, then becoming overbought is actually a healthy sign.
"Short-term is 'Risk On' and Overbought."
Last week brought no shortage of headlines. . .
