Despite the S&P 500 hitting new highs, I believe the recent Bank of America data signals caution. The fact that institutional investors and hedge funds are pulling out, along with Trump’s tariff deadline approaching, suggests weakness beneath the surface. These outflows, especially from retail for the first time in six weeks, make me more alert to a potential short-term pullback.
I do believe in sector rotation, and the recent move into healthcare confirms that. UnitedHealth and Merck are showing strength, while some big tech names like Nvidia and Microsoft face pressure. That said, Apple stood out during the tech dip and is gaining momentum. With its focus on AI integration and a breakout above the 50-day moving average, I think Apple has strong catch-up potential.
I remain cautiously bullish on July, especially with the Nasdaq’s strong seasonal track record. While trimming positions in overbought names, I’m still holding quality tech like Apple.
@Tiger_comments @TigerStars
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments