We’ve just released our weekly Sector Snapshot report (see a sample here) for Bespoke Premium and Bespoke Institutional members. Please log-in here to view the report if you’re already a member. If you’re not yet a subscriber and would like to see the report, please start a two-week free trial to Bespoke Premium now.
In this week’s Sector Snapshot, we highlight overbought levels for Tech, weakening relative strength for Health Care, and increasing relative strength for Consumer Discretionary. Note in the chart below that the S&P 500 has now moved to the very top of overbought territory (the red zone), which is a level where you normally see some downside mean reversion.