Industrials rally solidifies this as an Overweight

SPX’s technical trend, breadth, and momentum began to turn more bullish late last week, and the move above SPX 6021 has now pushed up to challenge all-time highs. Technically, short-term trends (between now and the end of January) likely will require consolidation ahead of a broad-based move back to new all-time highs, and Wednesday’s negative breadth was an interesting development given the renewed pushback into the Magnifice...

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