The recent up move in the market has come on waning market momentum and declining market breadth. Also the very narrow leadership shown by the FANG stocks is now developing cracks. With valuations still in the stratosphere and tightening by the FED still not priced in, these divergences are worth considering. Here are these and other stories from some of the best asset managers, market commentators, financial analysts and CMT's of today:
Some Developing Market Divergences
Amazon Launches Sign-Up App For Its Palm Payment Service—Here’s Why Some
Privacy Experts Have Concerns About The Feature
-
The feature provides a way for users to complete transactions without cards
or phones and could previously only be signed up for at physical locations.
33 minutes ago