We have seen just about everything we’ve needed to see to confirm this powerful secular bull market advance since the beginning of 2023. There was really only one thing missing and it’s not missing any longer. I’ll get to that in a minute. But let’s look at the most aggressive sector in the stock market and let’s evaluate the growth vs. value trade that has characterized and driven a tremendous move higher in U.S. equities. Technology (XLK): Semiconductors ($DJUSSC) have been the lifeblood of technology’s leadership and technology represents nearly 30% of the S&P 500 now – thanks in large part to the huge advance in technology shares. After a remarkable 200% advance in semiconductors over 15 months, we’ve seen the DJUSSC cool off a bit, which began with the bearish engulfing candle I pointed out one week ago: From the high on Friday, March 8th to the low on…
