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Overbought conditions

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GMG Research
Sep 03, 2024
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  • Equal Weight S&P vs Market Cap: Recent outperformance on equal weight may be short-lived, with Consumer Staples (XLP) looking overextended.

  • Yields Curve is steepening.

  • Treasuries: Overbought, 2-year yields and Fed Funds spread is at a historic high.

  • Bitcoin greatly outperforming Ethereum.

  • Data Centers Face Seven-Year Wait power constraints. Here.

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