The recent up move in the market has come on waning market momentum and declining market breadth. Also the very narrow leadership shown by the FANG stocks is now developing cracks. With valuations still in the stratosphere and tightening by the FED still not priced in, these divergences are worth considering. Here are these and other stories from some of the best asset managers, market commentators, financial analysts and CMT's of today:
Some Developing Market Divergences
NBA Head Of Egypt: Reaching BAL Is Now “A Goal” For Young Players
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NBA Head of Egypt, Mohamed Abdel-Motaleb Soliman, says the BAL has become
"a goal" for young players, as they improve, signalling a rise in
basketball inte...
23 minutes ago