The tweet was deleted by the author.
But we saved everything 🙂.
Lance Roberts highlights that the megacap and technology sector ratio, relative to the S&P 500, is bouncing off the bottom of its ongoing trend channel.
This observation indicates renewed activity or relative strength for megacap and tech stocks within the overall U.S. equity market.
View post on X Loading...
Roberts recently reported that U.S. consumer credit declined in May for the first time since late 2024, with revolving balances shrinking. In a separate update, he covered increased yen buying and a SpaceX earnings preview earlier this month. These developments add further context to current moves in equity sector ratios.