Below is a chart and brief excerpt from today's Early Look written by Director of Research Daryl Jones.
In the Chart of the Day below, we’ve highlighted yesterday’s subsector performance. As we like to say, everyone was a loser! Technology led the way on the downside at -4.2% and real estate was the relative outperformer at -2.2%. In terms of Keith’s real-time thinking, these are the changes he made in Real-Time alerts, our shorter duration signaling product:
So net-net, we exited the day with three fewer longs and two more shorts. Basically, no exposure was spared yesterday, not even the almighty Bitcoin, the exceptions being sugar, the U.S. dollar, the Chinese Yuan, and the Japanese Yen.