Daily Report : Weekly Wrap for Jan 14 - Surge in defensive sectors and value stocks, Energy surge, dollar drop
This week, we saw a surge in internal momentum among defensive sectors. Energy stocks have enjoyed a reversal in sentiment amid a great start to the year, which has typically led to further gains. Value stocks hit a 6-month high relative to Growth. There is a negative divergence forming in the Advance/Decline Line for stocks and high-yield bonds. The dollar has lost its 50-day moving average.
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