Weekly Risk Gauge (WRG): “Short-Term Uptick Aided by Health Care.”

Highlights

  • Despite weakness in the large-cap, tech-heavy indices last week, strength across mid caps, small caps and micro caps pushed the Short-Term gauge back into 'Risk On', reinforcing our view that this leadership pause is healthy as long as longer-term uptrends remain intact.
  • Health Care was lifted to our number two ranking where we remain bullish despite short-term overbought conditions.
  • Recent participation has broadened to include HC Services. . .

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