I still don’t think the second half of 2023 is going to look like the first half.
A lot of things could be different.
Let’s remember, in the back half of 2022 almost every stock and sector was already going up, EXCEPT for Mega-cap growth.
And then in early January, they got the rotation they were looking for, and it became Tech and Growth as the leaders of this Bull Market.
Now that we’re in Month #14 of this Bull Market regime, and we’ve seen several cycles of rotation already, I think it’s time for another one.
First of all, take a look at the Nasdaq100 $QQQ currently running into former resistance from late 2021, that preceded the failed breakout and ensuing collapse: [Read more…]