Rotation
Hello All,
Quite the day in the markets. GDP came in over estimates whilst Jobless Claims started to tick up again sending bonds in a flight to safety trade today whilst equal - weight and small-caps held in there as Mega Caps were sold. Clear rotation underneath the hood today.
- RSP/SPY up 1% on the day.
- IWM/QQQ up 1.8% on the day.