Commentary

4/8/21 The Homestretch

Decent but quiet day for the Semis, with the better numbers belonging again to Equipment and Materials. Making 1% compounded a day is an investor’s wet dream, and all five of those guys are exceeding that for the last 21 days.

LABU/XBI lost their Mojo a little later in the day than usual.

Growth continues biting value. The smart money was playing value not so long ago, so now the idea is to move some money out of value and put it into growth. The way an investor would like to do that is sell high value and buy low growth. It is not surprising that that play is expensive. The other choice is to just buy growth.

Software as an industry seems pretty decent. Not easy to predict losers.

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