On this episode of StockCharts TV’s Sector Spotlight, I highlight the short-term weakness in BTC, the price strength in USD, and the clear strength of stocks over all other asset classes. In sectors, I analyze the continuing rotation out of defensive sectors, which is another positive for stocks in general. Finally, I evaluate the position of the US market vis-a-vis other world stock markets and find a possible pair-trading opportunity in Asian stock markets.
This video was originally broadcast on January 23, 2024. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page.
Past episodes of Sector Spotlight can be found here.