A check of the morning breadth is skewed 3:2 on the sell side but it's very early. The sector action is somewhat pronounced as retail is taking it on the chin, specialty pharma is fugly, defense and energy are showing signs of life (for the first time in a while) and storage is giving some back. The all-important financials, meanwhile, are holding their own so far, thank you very much, and they remain the most important complex in the marketplace.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at email@example.com.
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