Jul. 5 at 1:39 PM
The Shiller
$CAPE ETF is quietly pressing toward another breakout here
Tracking the cheapest 4 sectors of U.S. large caps based on CAPE metrics, this is basically a “value rotation under the hood” trade while most of the market is still chasing growth narratives.
If this confirms, it’s not just a chart move — it’s the market saying capital is starting to rotate into neglected areas again.
We’ve seen this movie before… when positioning gets this stretched, the unwind is usually fast, not gradual.
You do not always need to find the next stock that goes parabolic.
Sometimes you just need to own the companies getting paid as the buildout continues.