DBD Strategy Daily - WILL US DEFENSIVE STOCKS CONTINUE LEADING?
The Dow Jones enjoyed a strong day yesterday thanks to Walmart and Boeing. Overall, defensive stocks lead that bounce, while tech stocks lagged. Poor results are expected to weigh on semi-conductors today again. We do not have the confirmation signals yet that one should overweight defensive stocks in the US, or underweight techno stocks in the medium term.As long as this signal does not come, we will not have the confirmation that we DO have the top in US indices.
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