"People had aggressively pushed cyclicals higher over the past two weeks," said Tom Essaye, founder of the Sevens Report. "But in order for that to work out beyond the short term, we need to see economic data get better, and that's not really happening."
Investors know it all too well that record highs have barely been a all-clear sign. Just days after the S&P 500 last hit a record on July 26, stocks took a big hit on the escalated U.S.-China trade war and recession scares. The trade uncertainty is still a top-of-mind concern for investors as the two countries have yet to offer a clear path of a long-term resolution.
"It may be premature to interpret value's recent outperformance as a sign that the economic and earnings slowdown is coming to an end," Wilson said.
Yes, the Obama vodoo stocks, new econmy with zero value, leading. Also FAANG soaring further and further until the bubble bursts .... ;-) JCP has excellent turnaround with pos surprise 15th of nov ! Stays stable above $1 since 2 weeks.
Smartest thing to have come out of CNBC in a long time.
They are not wrong if you own them
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