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In this commentary we look at a potential shift in market leadership and the possible implications for portfolio strategies going forward.
Change In Market Leadership: A Premonition Of The End
In a week during which the S&P 500 moved very little, market strategists have a lot to consider. The risk-on trade played out as we expected, with T-bonds and gold getting dumped. The surprise was that sectors and companies that have led the S&P 500 to each of its record peaks over the past couple years were not the leaders. We have grown all