My last post got me thinking and I can't help but suspect that quarter end has something to do with the move in high beta stocks. This might be the result of window dressing or just a repositioning of portfolios for the new quarter. There is a decent chance that by the time the new quarter rolls around the rotation will be done as everyone will have already repositioned or window dressed.
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Keep an eye on the 1150 mark. We should hit it soon, maybe next week, maybe today?
Halftime report: all sellers into the close. Buyers next week.
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