Alex and Tyler review the important macro forces influencing equity performance this week. As rising rates resume and the dollar churns higher, short-term headwinds for risk assets deliver consolidation within our recent “Go” trend. The blended weight of the evidence continue to paint “Go” trend conditions in the daily timeframe despite a drop in momentum from GoNoGo Oscillator. The GoNoGo S&P 500 Sector RelMap shows leadership from relative Go trends in $XLK, XLY, XLE, XLB, XLI and XLU as rotation continues.

00:00 – Intro

01:18 – GoNoGo Asset Class Heat Map

02:00 – S&P 500

06:29 – 10-year Treasury Yield ($TNX)

08:57 – US Dollar (UUP)

11:36 – US Oil (USO)

16:27 – Energy Sector (XLE)

18:32 – XLE:SPY

20:18 – Technology Sector (XLK)

21:20 – KLK:SPY

21:55 – Apple (AAPL)

 

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