China could offer relative outperformance vs US Tech

Key Takeaways

  • Monday’s bounce looks similar to the bounce from early May, and insufficient evidence of trend improvement is present which would suggest a meaningful low is in place.
  • China, and specifically, Chinese Tech might offer relative outperformance vs US Tech between now and July.
  • WTI Crude looks to be nearing channel resistance which likely holds this week at 114.
Monday’s bounce started to stall out by mid-afternoon and groups like Technolog...

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