π Investors Brace for Safety Ahead of SpaceX
π Daily ETF Overview
Here on our sector list, we're closely monitoring Consumer Staples $XLP.
Heading into the SpaceX IPO this week, the ratio between Staples $XLP and Discretionary $XLY will give us a big read on how large institutional money is rotating. Right now, we're seeing money rotate out of risk heading into week end.
New highs in this ratio, indicating that staples are outperforming, would be a negative signal for the broader equity market.
Keep a close eye on this key intermarket dynamic playing out here.
Speaking of SpaceX, the company most investors have wanted access to for two decades finally goes public Friday, and the whole tape is going to move around it.
Six of us are getting in one room to call it live as it opens.
It's free, but you need the private link to join.
