Sector rotation is the lifeblood of any bull market, and we don’t expect things to be any different this time around.
After a prolonged period without progress, small caps are back in the driver's seat. The Russell 2000 just capped off a bearish-to-bullish trend reversal with a decisive resolution.
At the same time, the profit-taking in mega-cap growth stocks has been non-stop these past two weeks.
The chart below shows the Russell 2000 printing its best 5-day streak of outperformance relative to the Technology Sector… in history:
The most significant insider buy on today's list comes via a Form 4 filing by the chairman and CEO of Truist Financial Corporation $TFC, William H. Rogers Jr.
Rogers reported a purchase of 57,300 TFC shares, equivalent to $2.5 million.
Liberty 77 Capital L.P bought 149,682 shares of Lions Gate Entertainment Corp $LGF.
Here’s The Hot Corner, with data from July 25, 2024:
The most significant insider buy on today's list comes via two separate Form 4 filings by the president and the CEO of The Charles Schwab Corporation $SCHW.
They reported purchases for a combined amount of $2.2 million.
Here’s The Hot Corner, with data from July 19, 2024: