The Great Unwind: Mega-Caps to Main Street

Learnings and conclusions from this week’s charts:

1. The S&P500 $S&P 500(.SPX)$ equal vs cap weight ratio is at an inflection point.

2. Investor cash allocations are at cycle lows.

3. (equity allocations are at cycle highs)

4. Global vs US equities are also at an inflection point.

5. Despite some overheating in EM equities, there’s room to run.

Overall, while last week saw some particularly turbulent price action within tech (especially software slumping as a result of AI disruption/threats), we’ve seen further progress on bullish rotation and bull market broadening.

And in case I didn’t make myself clear, Rotation is the big theme right now…

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.

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