Energy still resilient but expecting June peak as Tech bottoms

Key Takeaways

  • Stabilization within a trend does not equal “Rally-time” Trends remain under pressure
  • Energy remains the best performing group, and while stretched, still looks to offer alpha into mid-June;  Exploration and Production sub-sector looks most promising
Minor stabilization does not equate to a bullish trend change   SPX showed some minor degree of holding up post FOMC minutes and allowed for this recent churning to continue.&n...

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