After Jackson Hole and the “announcement” of the upcoming rate cut, we saw a rotation into cyclical sectors at the expense of defensives. A rotation that came on declining volume. It caught our attention, so we went to look at the bigger picture of Staples. We found this trend confirmed by volume. We simply didn’t expect to see this chart. XLP over 6 months
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@intermarketflow
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.