USMC - Why Stocks Are Likely Headed Higher Into Year-End

• While "post-COVID-19" names have surged in recent weeks, big tech remained largely subdued.
• Rotation out of technology into beaten-down sectors like financials, energy, and others had left the Nasdaq in a tight trading range for weeks.
• However, the top 5 companies in the S&P 500 are the 5 giant tech names of America, which account for about 22% of SPX's total weight.
• Rotation and new inflows are likely to come back into big tech, which should enable markets to move higher into year-end.

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