The Russell 2000, retail, transportation, regional banks, biotechnology, and semiconductors - a group Michele Schneider, director of Trading Education & Research at MarketGauge, calls the “Economic Modern Family” - provide a reliable macro picture for investors.
Schneider told Real Vision’s Technical Trader that the key takeaways in terms of the Modern Family are that supply is outstripping demand, brick-and-mortar seemed hopeful ahead of Black Friday, regional banks are looking at interest rates, biotech shows that people are coming back into the market, and semiconductors - which gave somewhat of a bearish signal the week before