Consumer Staples on the verge of more outperformance

Key Takeaways

  • Thursday’s decline leaves prices largely unchanged from this past Monday’s close, three days ago.  Thus, downtrends have not been arguably erased, even over the near-term
  • Sector performance shows Consumer Staples starting to meaningfully strengthen
  • 10-Year Treasury yields are pushing back above 2.80%, and Tech is underperforming

The mild stabilization in recent days still hasn’t led to much bounce in this Market tape,...

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