SentimentEdge report

Jason Goepfert

4-12-2022 at 11:00 am

A surge in defensive vs cyclical breadth

There has been a surge in uptrends and new highs among defensive stocks, including Utilities, Health Care, and Consumer Staples. When breadth has been this widely distributed in those three sectors, future returns in defensive stocks have underperformed the S&P 500 and cyclical stocks.

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