The selloff in equities was strong in the first trading week of the year. Continuation on Monday, Jan 10th was short-lived offering investors yet another “buy-the-dip” opportunity at the index level. However, a sharp rise in interest rates set the context for another verse of the rotation song that has frustrated growth investors multiple times throughout 2021. On a relative basis, we can see GoNoGo Trends of the energy, financials, and industrials sectors outperforming the S&P500 index. Cyclicals are once again outperforming the growth areas of the equities markets as we get through the second week of trading in 2022.
00:00 – Intro
01:03 – GoNoGo Asset Class Map, Looking at Current Trends
06:12 – S&P Technology Sector (XLK)
09:49 – Apple (AAPL)
13:29 – Netflix (NFLX)
17:38 – S&P Energy Sector (XLE)
19:19 – Rio Tinto PLC (RIO)
23:53 – S&P Financials Sector (XLF)
25:19 – Bitcoin to USD ($BTCUSD)