History, Obscurity, Markets and Stuff
Markets this past week were rattled by some outsized internal moves, particularly across sectors that had posted momentous gains from the March lows. Let’s look at the micro-tech wreck of late last week from a broader context.
The outperformance of growth vs value factors (yellow) has reached extreme levels. This is happening right as the trade-weighted USD (green) tests long-term (10 year) support levels.