This week’s move to new all-time highs in both the S&P500 (SPY) and the Dow industrial (DIA)masked deteriorating underpinnings as both the IWM and the QQQ lagged. Values stocks led the run-up once again while big cap NASDQ stocks remain stuck in first gear. In fact, the once leading NASDQ100 was down -1.12% for the week, and is lagging on year-to-date performance by more than 6% against other key equity indexes. Our Alpha rotation model
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