Stocks have thus far avoided another big down day following yesterday’s collapse, but it still feels like there’s another shoe to drop, doesn’t it?
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So how will we know that the worst is over? Fundstrat technical analyst Robert Sluymer recommends “watching the downside leader, Energy, for evidence of decelerating,” particularly ExxonMobil (XOM) and Chevron (CVX). He explains:
Beyond the obvious defensive relative rotation underway favoring Bond proxies, Staples and Restaurants at the expense of Cyclicals and Financials, we are monitoring....More>>>