So if you had gains and sold Friday you paid tax for 2023. I guess folks that had some fat gains in tech waited for today as the Nazzy is -1.9% as of writing.
The MAG 7’s are especially weak.
What is moving today are healthcare stocks. XLV would be the ETF for that. See MRK, ABBV, and AMGN. This will be a group to watch on pullbacks.
Energy is a little better. Let’s see if Energy can duplicate what it did in 2022. Still low P/E’s, good cash flow, and dividends.
There is always a sector rotation somewhere.