From the desk of Steve Strazza @Sstrazza
There has been a lot of talk about the potential implications on the broader market if Mega-Cap Growth and Technology stocks were to lose their leadership. Since they have been responsible for driving much of the gains in the major averages for years now… we can only ask ourselves, who might pick up the slack if and when this happens?
In this post, we’re going to analyze the top-performing areas today and compare them to their strength before the market crashed in February and March.
We’ll also look at the leaders from back then and see how they’re holding up today.
This will give us an idea of whether we really are undergoing a change in leadership or not, and if so, where the new areas of strength are.