JUSA - Trend Persists; Cyclical Sentiment Shifting; U.S. Dollar At Crossroads - Market Strategy Weekly - July 23 2021

July, 25 2021 10:55 PM JPMorgan ActiveBuilders U.S. Large Cap Equity ETF

Strategas Technical Strategist Todd Sohn takes us through how to think about the current market environment, what sectors his team is watching, and the tricky US dollar.
This is still a trend-driven market, not a momentum-driven one. It’s a more selective, slightly weaker market near term. But you definitely don't want to get too bearish given some of the strong underlying trends.
Now that cyclical and value stocks have struggled a bit and interest rates have dropped, we're getting a much-needed sentiment unwind. We look at that as a positive from a contrarian point of view.

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Company Name:	JPMorgan ActiveBuilders U.S. Large Cap Equity ETF
Stock Symbol:	JUSA
Market:	NYSE