Money is flowing out of Amazon into traditional retail.
Any questions?
Tech led all year, but since Nov. 27th, has lagged. Telecom lagged all year, but since November 27th, has led...
Recall, Telecom is the sector expected to gain the MOST from the Trump tax cut, whereas the Tech sector gains the least.
But here is where it gets interesting:
Retail is also a major beneficiary, per the above article:
Small cap stocks:
Transports...
That's the good news.
The bad news is that Emerging Markets don't care about Trump's tax cuts...
And of course the money is flowing out of Momentum/Tech into the dead-ends listed above...
Doh!
