We saw a very respectable 1.4% rally in the S&P500 this week.
But the index is still stuck below overhead supply.
Nothing has changed.
This is specifically at the index level, of course.
You see, while many sectors were doing great throughout the back half of last year, Technology and other growth areas simply were not.
This held the S&P500 back.
In 2023 we’ve been seeing the opposite. [Read more…]