Do you think the world is coming to an end if Financials are breaking out to new all-time highs?
The answer is no.
If America’s most important sector is leading the way higher, then that probably speaks to more continued rotation, not massive distribution.
Sure, some sectors are getting hit.
Some sectors got hit last year too. Most of them did at some point actually.
But if you recall, when some stocks were struggling, there was always another group coming in to pick up the slack.
In this case, it’s arguably the world’s most important sector: [Read more…]