Been thinking about this a couple days now, curious to see what some of you think.
I noticed a few tickers on my watchlists were hitting all time highs a few weeks ago while S&P fell to around $380 (using SPY as a reference). One thing they had in common, Large cap value, high dividend yield.
I will use MRK as an example. Hit all time high of $94 while SPY bottomed out. S&P then began a nice bounce while MRK pulled back almost %10.
Friday at the close there was a bunch of selling across the market. Im curios to see if next week we’ll see any type of rotation or an overall drop in the market regardless of sector. Was the CPI news bad enough the entire market sells off?
Not asking for anyone to dust off their crystal ball here, just curious to see what your thoughts are going forward.
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