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 l…