There are a lot of trends in markets that are worth paying attention to.
Remember, asset prices trend. They’re not random.
We have the data.
So one major trend we want to make sure we’re not ignoring is in Energy stocks relative to Technology.
Look at the ratio between them making new multi-year highs, yet the S&P500 weighting in energy is still less than 5% of the entire index. But Technology is still almost 25% of the index.
Is that weighting sustainable? [Read more…]