In today’s briefing:
- This Bull Run Is Nowhere Near Finished
This Bull Run Is Nowhere Near Finished
- A review of the structure of the stock market makes us long-term bullish.
- Growth stocks, as proxied by the NASDAQ 100, are weakening but a rotating correction is evident as value stocks are taking up the leadership mantle.
- That said, the S&P 500 is short-term extended and can pull back at any time, with initial support at about 5000 and strong secondary support at about 4800.
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