US Equity Markets digested recent gains with Grandpa Russell from The Modern Family (IWM) bucking the recent correction in the NASDAQ 100 (QQQ) and the S&P 500 (SPY). Leading FAANG+ stocks are losing momentum and ripe for more selling. To us, it appears that there is a combination of sector rotation, changing style bias (Value vs. Growth), and some tax selling taking hold of the markets. While December, especially mid-month to the New Year has
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