It appears some funds may be shedding riskier, growth type assets and rotating into sturdier, value names.
As the broader market looks like it wants to melt up, the growth stock plays this camp prefers aren’t all that attractive.
We’re waiting for a stronger sell signal, perhaps a clear invitation to sell short.
Meanwhile, understand that we are holding our Buyer’s Edge bias as we have throughout this year so far. The little Bear lurks within the larger Bull.