Inflation taming, rotation started.
July 15, 2024 Update
The Nasdaq managed to close the week in positive territory but underperformed the SP500. It still looks healthy by all means.
After a positive inflation reading slightly better than expected, there was some rotation from mega-caps to medium and small caps, finally. Below you can see how the equal-weight SP500 (RSP) closed at almost +3% for the week and looks promising.
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