The recent up move in the market has come on waning market momentum and declining market breadth. Also the very narrow leadership shown by the FANG stocks is now developing cracks. With valuations still in the stratosphere and tightening by the FED still not priced in, these divergences are worth considering. Here are these and other stories from some of the best asset managers, market commentators, financial analysts and CMT's of today:
Some Developing Market Divergences
Public Storage (NYSE:PSA) Stake Reduced by Signaturefd LLC
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Signaturefd LLC reduced its stake in shares of Public Storage (NYSE:PSA –
Free Report) by 10.5% in the fourth quarter, according to the company in
its most...
13 minutes ago