Summary
- Momentum Memo: Biggest Shift Into Lagging Value Sectors In Friday Breakout.
- Resolution of the 103rd debt ceiling standoff since 1944 created a nice rally on Friday after weeks of awful market chop and sector rotation.
- The Momentum Memo highlights key market and sector signals from proprietary models.
- The shift on Friday showed a strong early move toward value stocks that have been lagging the huge, but narrow rally in Technology mega caps.
- Evaluating the market, S&P 500, and sector momentum conditions is key to monitoring money flows in a year with record interest rate hikes and Fed intervention.
- I am JD Henning. A Finance PhD and investment adviser with 30+ years trading and investing. I run Value & Momentum Breakouts where I identify breakout signals and breakdown warnings using technical and fundamental analysis. I run the investing group Value & Momentum Breakouts.