After a five -week rally and a 91% up day on Friday where breadth is evidently improving, equities took a breather today. It brings into question “can the rally in small cap stocks persist”? Major indices seemed gassed during today’s trading session with the Nasdaq 100 dropping 1%, though equities rallied into the close major indices closed in the red. Rotation into risk-on looks prevalent however is this a hastily move into oversold/cheap secondary stocks with a reversion back to quality after…
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