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 […]

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