Still a tricky time for most of Tech despite bigwigs like $MSFT & $AAPL pushing back to new all-time highs.
Not many of us can claim +7.5% returns since October 1 like what Equal-weighted $SPX has achieved and yes, TODAY, Equal-weighed SPX is back at new all-time highs #
IBD#
@Marketsurge charts while DJIA rose 1500
As discussed in reports, it will take time for Tech to stabilize given the huge underperformance in Semis/Memory/AI infrastructure and $MAGS and IGV are better to favor near-term.
Key risks remain US Dollar and rates pushing back higher in Nov, but a 3/1 positive breadth day today on continued cross-asset volatility collapse is a welcome step for US Equities and i'll detail further thoughts in tonights piece
@IBDinvestors #
IBDPartner#