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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