This market has the weirdest rotations known to man. Today we have a rotations into retail apparel, this time led by VF (VFC) and PVH (PVH) and Luluemon Athletica (LULU) . It's a follow-up on the huge move by Ralph Lauren (RL) that was so impressive last week.
Then there's the continued rotation into the biotechs led by none other than Amgen (AMGN) which reports this very week. I sure wish it weren't ramping. Gilead's (GILD) having another good day on top of Michael Yee's timely recommendation from Jefferies.
Oh and one more -- the dollar retailers. This one's especially galling. You mean to tell me if the buyers walked away for 10 minutes they couldn't get these stocks lower?
Bunch of idiots standing there almost trying to get bad prices. Step away you yokels and get your clients better prices.
Is that asking for too much?