There Still Is a Bid Under the Market

We have some follow-through to Monday's strong momentum, but it is being tempered by a rotation out of FAANG names, technology and biotechnology and into financials. The Nasdaq 100 ETF (QQQ) is lagging because of weakness in Apple (AAPL) , Alphabet (GOOGL) and some other big caps but the Russell 2000 ETF (IWM) is outperforming because of strength in small banks.

Financials are the largest group in the small-caps indices, which is why small-caps seem to be acting contrary to the broader market....195 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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