All four key US Equity markets continued their relentless climb up, +.72 % (on average) over the shortened week., However, there were some noteworthy changes in leadership. The most obvious one is that US global leadership is waning as the baton passed to Emerging markets, China and Hong Kong. In fact, our quant based model Alpha Rotation, (one of five we have created), just scaled out of some of its long positions in US stocks
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