Sell-off yesterday is a "touch" on 100D. Sector leadership during rising rates/ inflation --> Fundstrat Quant research shows Epicenter leads, but Technology holds its own

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STRATEGY: Bending, not breaking = market resilience continues to be underestimated

S&P 500 down 2% and Nasdaq down 3% on a "scared tape" day
Equity markets faltered sharply yesterday. And this was the worst day in markets in more than 6 months, even worse than the sell-off from the Evergrande debacle.

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