21 days ago • Posted by William Ramstein

Megacaps rallying suggesting traders going for defensives--might still be too early for a pullback just yet

Megacap firms rallied to a record levels as traders turned to defensive shares after the latest round of economic data signaled a slowdown in the labor market. It might still be too early however to get bearish on the market. Strong earnings and fiscal stimulus means stocks can run higher for longer. @Bloomberg

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