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发帖数: 74 | 1 DEFENSIVE ROTATIONS DURING JUNE... Another sign that investors have turned
more negative over the last month is the rotation out of economically-
sensitive groups (like consumer discretionary and energy stocks) and into
defensive groups (like utilities, consumer staples, and healthcare). Chart 3
shows relative strength lines for those five groups (versus a flat S&P 500)
since the start of June. The downturn in the Discretionary SPDR (XLY)
performance in early June is consistent with views that r |
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