Energy is an Overweight for 2023, but important to differentiate

Short-term trends remain bullish from late December lows as part of the larger ongoing downtrend from last January.  Thursday’s CPI failed to shake prices lower, but Treasury yields did manage to stabilize, and it’s my thought technically that both $DXY and $TNX will show evidence of bouncing starting next week. 

Until/unless longer term downtrends start to give way on SPX, QQQ, or many of the former leading sub-industry groups which are al...

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