Todd Gordon breaks down the charts in Meta.
The so-called growth trade has taken a back seat in recent months as the markets have rotated into cyclical and more-defensive sectors such as financials, industrials, materials, utilities, health care, and staples. But there's a growth name that is standing out, according to the charts. This shift in the market is likely a result of recent economic data starting in early July that strongly suggested the first Fed rate cut since 2020 is on the horizon.
/S & P 500 ratio has maintained a sideways trend suggesting that so I'm well overweight in my growth portfolio and almost market weight in dividend portfolio . With
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