Joel Elconin – Keep An Eye On The Violent Rotation Trade Under The Surface Of US Equity Markets
In this Daily Editorial on The KE Report, I chat with Joel Elconin, Co-Founder of the Pre-Market Prep Show and Founder of the Stock Trader Network, to discuss the “violent rotation trade” underneath the surface of the US equity markets. His big takeaway lately has been that “leaders have turned into laggards, and the laggards have now turned into leaders.” We picked it up where we left off last week where Micron Technology (MU) and SanDisk (SNDK) had blasted up after a nice earnings beat, but then dropped precipitously this week. Micron got “Broadcom’ed” by the market… Joel points out that…
The skinny
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