Feb. 28 at 12:22 AM
Equal-weighted SPX is holding up despite the Software/Mag 7 decline now spreading to NVDA and to Banks. Resilient... but Financials have been drubbed this year. Here's @IBDinvestors @marketsurge new charts of
$KBWB Banks- https://bit.ly/3zhabe3
I discuss Financials & when i expect this sector to stabilize after recent weakness in tonights report- http://fundstrat.com/Mark
Thus far the weakness has spread somewhat but HC, Util, Ind, Energy, Stpls able to absorb. When that changes, ala Feb 2025, or Nov 2021, it will be time to act. Still NVDA, AAPL closed near lows of the day on elevated volume & big ranges, while geopolitical risk is rising. Sentiment starting to reflect that though of late-HAPPY WEEKEND ALL. Spring almost here