Inside Markets — Rotation
The rotation into cyclical/value and Russell 2000 (RTY) doesn’t yet look exhausted.
Inside Markets — RTY Pause and SPX/NDX Support Levels
Yesterday was the fourth straight session of outsized gains for the RTY largely driven by short-covering.
JSC named one of America’s Top RIAs
Jackson Square Capital is pleased to announce that we have been named one of America’s Top RIA’s from Financial Advisor (FA) Magazine.
Inside Markets — Range Resistance
The RTY is extending gains beyond range resistance at ~2140 as today’s better-than-feared retail sales report keeps the soft-landing narrative intact.
Inside Markets — RTY Rally
The Russell 2000 (RTY) is up +6.4% (intraday) since Thursday’s dovish CPI print vs. down 0.4% for the S&P 500 (SPX).
Inside Markets — Cyclical Rally
The rotation into cyclical equity groups continues for a second day with the Russell 2000 (RTY) trading just above long-term range resistance at ~2140.
Inside Markets — Aging Bull Market
While it’s not our expectation, it is important to recognize that upcoming catalysts have the potential to broaden out the equity rally.
Inside Markets — CPI Preview
Consensus is looking for headline June CPI to rise 0.1% taking the YoY rate to +3.1%, which was last seen in January.
Inside Markets — Narrative Shift
Last week’s macro data saw the prevailing market narrative shift from Goldilocks to soft landing.
Inside Markets — Growth Momentum
An apparent loss in US economic growth momentum is taking bond yields lower and driving further rotation into defensive secular growth stocks at the expense of cyclically exposed equity groups.