- FAANG is faltering, with the broader technology sector turning down again after its September downturn and rebound.
- Apple, still the stock market's largest capitalization equity, is leading FAANG stocks lower.
- Commodities and commodity stocks are continuing their relative outperformance, with a recent surge higher in energy equities.
- Steel prices are surging now too, joining the absolute and relative price strength in base metals.
- Once volatility and implied volatility settles down, the historic capital rotation, currently hidden in plain sight, will be more visible to many market participants.
For further details see:
A Historic Capital Rotation Is Happening Hidden In Plain Sight