Morning Thoughts July 2
Financials rallied aggressively into the close on Friday. XLF and BKX breaking above their 50dmas. BAC & MS +5%, however interestingly JPM -42bp on the day. Builders continued to outperform. S15HOME made another new 4yr high. KBH +13% squeezed higher after strong #s (and very low expectations). Within Tech, Semis outperformed behind strength […]