AZ Teams Up with Level 10 for U.S. Rollout of Smart Carts On September 19, 2024, A2Z Cust2mate Solutions Corp. ("A2Z"), a tech company known for its innovative solutions, announced a partnership with Level 10, LLC, a top retail IT service provider. The agreement focuses on installing, deploying, and maintaining A2Z's smart shopping carts in U.S. stores.
Gadi Graus, CEO of A2Z, mentioned that the company is preparing for a major increase in smart cart rollouts with several large retailers. Partnering with Level 10, with over 20 years of experience in retail tech, will help A2Z scale its operations smoothly across the U.S.
Level 10’s President, John Pruban, added that their mission is to help retailers use technology to boost efficiency and customer experience. He expressed excitement about supporting A2Z’s smart cart rollout, which is set to improve how retailers operate and interact with customers.
This collaboration is a big step towards bringing more smart shopping solutions to U.S. stores.
P/S: Just sold my NASDAQ:INTC to buy more of this.
Finance
BTCUSD Daily Outlook - Next Targets After Rate CutGM crypto bro's! Finally, the much-awaited 50bps rate cut has happened, and that's one reason why BTC pumped this morning. The Fear and Greed Index has also risen from fear to neutral, sitting at 49. Meanwhile, stoch RSI has returned to its overbought zone.
Yesterday, our target was in the 61K - 62K range, and that's been hit today. So, what's next? Based on price action, the next potential zone for BTC could be 65K - 66K. The probability of a correction back to 55K is shrinking, but it's still on the table.
Keep in mind, the market is dynamic, don’t get FOMO. Anything can happen, so always manage your risk. That's it for today's crypto update, this is Akki signing off. One chart, one love. Have a nice day!
NASDAQ: AZ | Entering into New Collection Phase A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) is seeing a breakout from its flag pattern last week. This shows a positive trend of stronger buying momentum as indicated by share price above the key EMA20 line, together with strong buying interests (as indicated by the red bars below) for AZ. For the coming week, we expect AZ to continue to challenge its key resistance of $0.80 AND $1.00, giving a Risk-to-Reward (RR) of 2.3 times based on a stop loss level below the key EMA20 line.
Japan's Anime Market–A Growing Investment Opportunity with MajorThe Japanese anime industry is increasingly catching the attention of investors worldwide. In 2023, the Japan anime market was valued at USD 12.72 billion and is projected to grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2030. This steady rise is driven by global demand, digital distribution advances, and the flourishing otaku culture, which remains the backbone of anime’s sustained popularity.
Major Conglomerates Eyeing the Anime Industry
Adding momentum to this booming sector, two of Japan's largest industrial and financial players have quietly started investing in anime. Marubeni Corporation, traditionally rooted in cereals and chemicals, has diversified and is now targeting the manga and anime markets through a new partnership with Shogakukan, one of Japan's leading publishers. This venture highlights how even non-entertainment giants are recognizing the financial potential within anime.
At the same time, Mizuho Securities, a key member of Japan's Mizuho keiretsu (business alliance), launched an anime film fund in 2024. The brokerage is raising funds from institutions and high-net-worth individuals in lots starting at JPY 300 million (approximately $200,000), with a target of raising $15 million by the year’s end. This direct investment into anime production from a major financial institution underlines the sector’s robust growth prospects.
Global Influence and Strategic Acquisitions
The global appeal of anime is another major contributor to its growth. International entertainment companies have been aggressively acquiring Japanese anime streaming firms to expand their content portfolios. A prime example is Sony Pictures Entertainment’s acquisition of Crunchyroll LLC from AT&T in August 2021 through Funimation Global Group, a joint venture with Aniplex Inc.. This deal brought Crunchyroll's content to more than 120 million registered users across 200 territories, solidifying Japan’s role as the hub of global anime content.
BloomZ Inc. Enters the Anime Scene?
Amidst this backdrop, BloomZ Inc. (Nasdaq: BLMZ), a well-known name in the voiceover industry for animation, recently made its mark by going public through an IPO in July 2024. While BloomZ has built a strong reputation in providing voiceover services for some of the top anime titles, rumours are circulating that the company may be planning to expand into the anime production business itself. If true, this could be a significant development for BloomZ, adding another layer of growth potential to their portfolio as they branch into full-scale animation production.
Manga and Video Game Adaptations: Cross-Media Synergy
Japanese manga, often serving as the foundation for anime adaptations, is another critical component of the market. Major titles such as Demon Slayer, One Piece, and Attack on Titan have successfully transitioned from manga to anime and video game formats, creating a cross-media ecosystem that amplifies fan engagement. The success of these adaptations not only fuels viewership but also boosts related industries such as video gaming and merchandise, further solidifying anime’s role in Japan’s economy.
Why Investors Should Consider Anime
The Japan anime market offers diverse revenue streams, ranging from streaming services and live-action adaptations to manga and video game adaptations. With the entry of major conglomerates like Marubeni and Mizuho Securities, and companies like BloomZ Inc. potentially venturing into anime production, the sector is poised for significant growth.
As Japan’s anime industry continues to expand its global footprint and attract heavyweight investors, it offers a compelling investment opportunity for those looking to tap into a high-growth entertainment sector. For investors, now may be the ideal time to explore opportunities in this dynamic market.
Disclaimer:
This article is intended for informational purposes only and should not be construed as financial advice. Investors are encouraged to conduct their own research and consult with a financial advisor before making any investment decisions. The author and publisher are not responsible for any financial losses or damages resulting from the use of this information.
Benzinga: Why Is Agape ATP Stock Jumping Today?Zinger Key Points
Agape ATP’s stock jumps after partnering with Xiamen Photons Solar to develop solar PV systems in ASEAN countries.
The strategic collaboration aims to address grid stability and power supply issues while advancing Sabah's transition to clean energy.
Agape ATP Corporation ATPC shares are trading higher after the company announced it entered into a strategic collaboration with Xiamen Photons Solar Technology, focusing on developing solar photovoltaic mounting systems for Malaysia and ASEAN countries.
The company’s subsidiary, ATPC Green Energy, has formed a strategic collaboration with Xiamen Photons Solar Technology, a value chain partner of Fujian Minfa Aluminium Co., which is listed on the Shenzhen Stock Exchange.
The agreement was signed at Photons Solar’s headquarters in Xiamen, China.
This partnership is timely as ASEAN nations enhance their commitment to a zero-carbon energy future. Regional governments are actively implementing policies to promote renewable energy development and carbon neutrality.
The collaboration between Photons Solar and ATPC Green Energy aims to accelerate these initiatives and drive the transformation of the ASEAN solar market.
How Kok Choong, founder and global group CEO of ATPC, indicated that the collaboration with Photons Solar represents a significant advancement in their efforts to develop solar PV farms in Sabah.
The partnership is expected to tackle key challenges like grid stability and power supply issues, supporting Sabah’s transition to clean and reliable energy.
“This partnership allows us to leverage local insights and advanced technologies, further supporting our commitment to advancing renewable energy goals across the region,” the CEO added.
BTC Hits 60K – What’s Next?GM crypto bro's, happy weekend! BTC has finally pumped to the 60K area as mentioned in yesterday's market update. This morning, the Fear and Greed Index is in the neutral zone at 50, while the Stochastic RSI remains overbought.
Typically, after a pump, BTC may retest the 59K - 58K area. However, if it continues its pump, the next target is 61K - 62K. BTC often corrects when the Fear and Greed Index enters the greed zone, so a correction might follow after reaching 61K - 62K, possibly back to 59K - 58K.
The market is dynamic; don't be FOMO. Stay safe, keep calm, and remember anything can happen in the crypto market. Always manage your risk. That’s all for today’s crypto update—this is Akki signing off with one chart. Have a nice day!
ATPC Partners with Photons Solar to Advance Solar PV SystemJoint Initiative to Boost Renewable Energy Adoption and Support Carbon Neutrality in the Region
KUALA LUMPUR, 13SEPTEMBER 2024 – NASDAQ-listed AGAPE ATP Corporation ("ATPC"), through its subsidiary, ATPC Green Energy Sdn. Bhd. (“ATPC Green Energy”) has entered into a strategic collaboration with Xiamen Photons Solar Technology Co., Ltd (“Photons Solar”), a value chain partner of a Shenzhen Stock Exchange-listed Fujian Minfa Aluminium Co., Ltd (“Fujian Minfa Aluminium”). This collaboration focuses on developing solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries. The agreement was signed at Photons Solar’s headquarters in Xiamen, China.
This partnership comes at a pivotal time as ASEAN countries intensify their efforts toward a zero-carbon energy future. Governments in the region have been implementing various policies to encourage the development and use of renewable energy, with a strong focus on achieving carbon neutrality. The collaboration between Photons Solar and ATPC Green Energy, both leaders in renewable energy innovation, is designed to accelerate these efforts and drive the transformation of the ASEAN solar market.
Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC said, “This partnership with Photons Solar is a strategic step forward for us as we continue to develop solar PV farms in Sabah. Our collaboration aims to address critical issues such as grid stability and power supply challenges, ultimately supporting Sabah’s shift to a clean, affordable, and reliable energy source. By aligning our efforts with a partner that shares our vision, we are well-positioned to make a significant impact on the renewable energy landscape in the region.”
“We believe that sharing technological expertise is the key to driving innovation and fostering collaboration. By working with Photons Solar, we are combining our strengths to create versatile and flexible solar solutions that cater to the diverse needs of the ASEAN market. This partnership allows us to leverage local insights and advanced technologies, further supporting our commitment to advancing renewable energy goals across the region,” How added.
Photons Solar, renowned for its extensive experience in solar PV mounting systems with over 5 gigawatts (GW) in cumulative shipments and a 960,000 square meter manufacturing facility owned by Fujian Minfa Aluminium, brings a wealth of knowledge and advanced technology to this collaboration. The company is committed to providing high-quality, efficient, and customized solar mounting solutions that cater to various customer requirements.
Mr. Paul Cao, Chief Executive Officer at Photons Solar, said, "We are pleased to partner with ATPC Green Energy, given their solid presence and experience in the ASEAN region. Collaborating with a company that understands the local market dynamics allows us to work more effectively towards our shared goals in promoting renewable energy. We look forward to this journey together.”
The projects under this collaboration will leverage Photons Solar’s state-of-the-art solar mounting systems while drawing on ATPC Green Energy’s service-oriented approach. By integrating their expertise in project management, technological innovation, product quality, and service excellence, both companies are poised to deliver efficient, reliable, and environmentally sustainable solar projects that align with the region’s energy needs.
NASDAQ: AZ | Revolutionizing the $26.7 Billion Self-Service MarkTired of long checkout lines? AZ Cust2Mate (NASDAQ: AZ) might be worth adding to your watchlist. Specializing in smart cart technology, AZ's flagship product offers in-cart weighing for produce, navigation features, seamless checkout, and advanced security to prevent theft.
Imagine shopping with AZ’s smart cart, scanning items as you go—no more waiting in lines. Already partnered with Yochananof and Carrefour, AZ is making strides in the US market, projected to reach $26.7 billion by 2028.
AZ operates on a SaaS model, earning from setup fees, monthly subscriptions, and additional services like data insights. With 5,000+ carts deployed, they’re poised for growth. Despite recent stock volatility, AZ’s strong fundamentals make it an intriguing investment opportunity.
Potential Correction Ahead?GM crypto bro's, this morning the Fear and Greed Index is at 32 in the fear zone, and the Stochastic RSI is in the overbought area. A slight correction may be coming soon, and BTC might not reach 61K, likely staying within the 59K - 60K range as we head into the weekend.
However, there's still a chance for BTC to break 62K. The market is dynamic; don't be FOMO, stay safe, keep calm. Anything can happen! Always manage your risk. That's all for today’s crypto update, this is Akki signing off with one chart. Have a nice day!
A2Z Cust2Mate Files Patent Application for AI-PoweredTEL AVIV, ISRAEL, September 12, 2024 - A2Z Cust2Mate Solutions Corp. ("A2Z" or the "Company") (NASDAQ:AZ)(FRA - WKN:A3CSQ), a global leader in innovative technology solutions, is pleased to announce that its subsidiary Cust2Mate Ltd., a leading provider of smart shopping cart solutions, has submitted a patent application for its Shopping Cart Inventory Change Indicator System, a solution designed to address inventory shrinkage issues in retail through the application of advanced technologies, powered sophisticated proprietary artificial intelligence (AI).
In 2023, U.S. retailers suffered an estimated $142 billion in losses due to inventory shrink, 25% more than in 2022, according to a WSJ report, citing figures from investment bank William Blair.
The core of the Shopping Cart Inventory Change Indicator System is its AI-driven anomaly detection module. This module employs deep learning algorithms to monitor and analyze shopper behavior in real-time, identifying patterns that may indicate theft or other irregular activities. Complementing this, the system includes a barcode scanner for item tracking, a computer vision system with high-resolution cameras for product recognition, and a security scale that measures item weight to detect discrepancies.
A key feature of the system is its advanced change detection solution using a camera system. The high-resolution cameras are strategically positioned to capture detailed images of items placed into or removed from the shopping cart. The computer vision system processes these images to detect any changes, ensuring accurate product recognition and real-time inventory updates. This precise monitoring capability enables the system to identify discrepancies and potential theft attempts, thereby significantly improving inventory accuracy and security.
Mr. Gadi Graus, CEO of A2Z, commented, “A2Z focuses on leveraging artificial intelligence to provide sophisticated solutions for retail challenges. The patent-pending Shopping Cart Inventory Change Indicator System exemplifies this approach, offering an advanced method for inventory management and theft mitigation. As the retail sector evolves, Cust2Mate is committed to developing technologies that enhance operational efficiency and security.”
Correction Met, What’s Next?GM crypto bro's, the correction I mentioned yesterday has been hit. This morning, the Fear and Greed Index remains in the fear zone at 31, while the Stochastic RSI is now in the overbought area.
Today’s market outlook is similar to yesterday: potential pump to 59K - 61K. A drop is still possible. Remember, the market is dynamic; don't be FOMO, stay safe, keep calm. Anything can happen! Always manage your risk. That's all for today’s crypto update, this is Akki signing off with one chart. Have a nice day!
NASDAQ: BLMZ | Share Price Skyrockets by a Massive 245% After AnI’ve been watching BloomZ Inc. (NASDAQ: BLMZ) closely, and to say it had a wild ride is an understatement! Yesterday, the stock closed at $0.808, but just a few days ago on Friday, it shot up to $2.790, which is a massive 245% gain!
So, what’s behind this explosive move?
It turns out that on September 5, 2024, BLMZ announced a strategic business alliance with CrossVision Inc., a Japanese digital entertainment company that specialises in Web 3.0 technology.
This partnership is creating a lot of excitement in the market.
Together, BloomZ and CrossVision plan to be the game changer for the entertainment space by merging BloomZ’s expertise in animation and VTuber management with CrossVision’s cutting-edge Web 3.0 and blockchain technologies.
The goal is to enhance fan engagement, enabling users to participate in live events within the metaverse, own and trade digital items, and interact with their favourite animation projects and VTubers.
This collaboration could reshape how fans experience digital entertainment.
Imagine being able to not only enjoy content but actively participate in it through blockchain technology. Fans will be able to own digital assets that represent their contribution to the content and connect with virtual communities in real time. The potential of tokenization is huge!
As an investor of BLMZ, I’m excited by the potential of this partnership. The spike in the share price is clearly driven by the market’s enthusiasm for this new direction. BloomZ is tapping into the future of entertainment, and the potential growth from this alliance is huge.
For now, I’m holding onto my shares and watching closely. BLMZ has positioned itself in two booming industries—Web 3.0 entertainment and self-checkout technology—making it a stock with serious upside potential.
NASDAQ: AZ | Tap Dancing into the $26.7 billion Self-Service MarHate queuing to checkout in supermarkets or hypermarkets?
A2Z Cust2Mate Solutions Corp (NASDAQ: AZ) might be the company you need to add to your watchlist. AZ is a leading global provider of innovative technology solutions, specialising in smart cart platforms – and this is not just any ordinary smart cart.
Let me explain.
AZ’s flagship smart cart product is set to revolutionise the retail self-checkout market. It features in-cart weighing capabilities, making it especially convenient for checking out produce like fruits and vegetables.
Additionally, the smart cart offers navigation features and seamless checkout functionality, all while incorporating robust security measures to prevent theft – a critical concern for retailers.
In simpler terms, imagine walking into a supermarket with one of AZ’s smart carts, doing your shopping, and checking out as you go.
No more queues.
Currently, AZ provides its solutions to Yochananof, Israel’s fourth-largest retail chain, and Carrefour, the largest retailer in France with over 3,500 stores. The company is also making significant inroads into the US market.
Why is the US market such a game-changer for AZ? Let’s take a closer look.
According to Grand View Research, the US self-checkout systems market is projected to grow at a compound annual growth rate (CAGR) of 11.3%, reaching $26.7 billion by 2028. There are even rumours that AZ is in discussions with a number of leading US retail chains, which will mark as a significant milestone for the company.
How Does AZ Generate Revenue?
AZ operates on a scalable Software-as-a-Service (SaaS) model, which allows for easy expansion while also facilitating valuable data collection for future advertising opportunities.
Here's how the revenue streams break down:
Initial Setup Fees. Retailers bear one-third of the cost, with the remaining two-thirds covered by AZ. The setup costs range between $1,000 and $2,000 per smart cart, and AZ expects a payback period of approximately six months.
Subscription Model. Retailers pay a monthly fee ranging from $100 to $200 per cart. Currently, AZ has over 5,000 smart carts deployed, creating a steady stream of recurring revenue.
Additional Services. AZ also offers services related to data and advertising, providing valuable consumer behaviour insights to product owners. This capability could be a game changer, enabling brands to obtain highly accurate data on consumer purchasing patterns.
With this scalable business model and recurring revenue, AZ is well-positioned for future growth.
However, recent volatility in the US market has put downward pressure on AZ’s stock price. Despite this, AZ's strong fundamentals and innovative business model present significant growth potential, making it a compelling investment opportunity.
Rumours Swirl About Agape ATP’s Big Move – Is ATP2 Making a ComeWord on the street is that Agape ATP Corporation (NASDAQ: ATPC) might be gearing up for a major play. According to hearsay from one of the investors, Agape Superior Living, a subsidiary of ATPC, could be bringing back its flagship product, ATP2, as soon as mid to late this month.
If the whispers are true, this could mean big things for the company.
For those who’ve been following, the ATP Zeta Health Program which includes eight health and wellness products, there is a solid track record.
The program hit a massive RM18 million in monthly sales in March 2018 and totalled RM62 million for the year. ATP2, in particular, has always been the star of the show, loved for its health benefits with strong customer loyalty.
Should this relaunch happen, it could reignite serious consumer interest. After all, wellness products are in huge demand right now. Agape Superior Living might just be timing this perfectly to ride the wave of the health trend. If they pull this off, we could see some big numbers in terms of sales, which would be a win for the company and its investors.
For those watching ATPC’s stock, this could be a golden opportunity. The company’s products have a history of doing well, and if ATP2’s relaunch sparks the same kind of sales it did before the pandemic, it could signal a new growth phase for Agape Superior Living. Investors are keeping a close eye on this, and some are saying this could be the beginning of something big.
So, while nothing official has been confirmed just yet, if you’re an investor in ATPC or thinking about jumping in, you might want to watch what happens over the next few weeks. ATP2’s potential comeback could be the catalyst for renewed growth and profitability in the health and wellness space.
Stay tuned. If the rumours are true, we could be looking at some exciting times ahead for Agape ATP Corporation.
NASDAQ:ATPC
Potential Correction or Further Pump?GM crypto bro's, this morning the Fear and Greed Index remains in the fear zone at 37, and the Stochastic RSI is moving into the overbought area.
Today's BTC outlook is quite similar to yesterday's update, with a potential correction around the 55K area or possibly a continuation of the pump to the 60K - 61K range.
But remember, this is just my personal analysis — only probabilities. As always, maintain your risk! That’s it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
T. Rowe Price Analysis 9/10Disclosure: As of 09/10/2024 I am long T. Rowe Price shares ticker NASDAQ:TROW
T. Rowe Price is an investment management company operating in the mutual funds, retirement plans, and investment management business areas.
Management Effectiveness: T. Rowe Price has been around for many years and management has consistently managed to grow assets under management, and provide good returns for the firm as well as their clients.
The company's return on assets is very good, never dropping below 10% even in the financial crisis of 2008. The company has minimal debt, and an excellent balance sheet. With a business like this the concern is valuation, all the fundamentals and the trend of growing assets as workers contribute to retirement plans will continue well into the future.
With a company like this a very long holding period should be expected. As a holding in a retirement, or tax advantaged account T. Rowe Price is very attractive at the right valuations. The idea is to let the earnings compound over a period of decades. Please keep this in mind if you decide to add this company to your portfolio.
Looking at the current valuations the combined earnings and dividend yield is nearly 13%. With stable revenue growth, asset growth, and very little downside in the way of tail risks this business is a buy for me at anything below $110 per share. My personal expected return on this is between 15%-17% annually with a holding period of 20-50 years to allow the returns to compound internally with the business.
BTC Breaks 55K, What's Next?GM crypto bro's, BTC finally pumps and breaks above 55K! This morning, the Fear and Greed Index is at 33 (Fear), and the Stochastic RSI has managed to exit the oversold area.
Where will BTC go next? Based on today's price action, after this pump, a slight correction might occur around the 55K area. If the pump continues, the next target could be in the 60K - 61K range, or it might just reach 59K.
Stay alert, as sudden dumps can still happen in the crypto market. As always, maintain your risk! That's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
Agape ATP Corporation (NASDAQ:ATPC) Testing Key Support
After a strong rally in the past week, ATPC is now testing its key support level around $1.601 level amidst overall market weakness. However, we are still seeing an accumulation pattern around the current level due to the attractiveness of the valuation of ATPC currently, supported by their high growth renewable energy story.
We kept a HOLD recommendation on ATPC.
BTC's Next Move: Pump or Dump?GM crypto bro's, happy working day 🗿! This morning, the Fear and Greed Index remains in the Fear zone at 26. Stochastic RSI is still in the oversold area but shows signs of forming a double bottom.
With today's weekly closing candle, the likelihood of another BTC dump seems smaller compared to a potential pump. The 55K area has been visited; now we wait for the next move from the market makers.
Next pump possibility is around 60K - 61K, with a potential peak near 62K. However, if BTC drops below 52K, the chances for a pump diminish. As always, maintain your risk! That's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
BTC Drops to 52K - What's Next? GM crypto bro's, happy weekend? 🗿 This morning, BTC has dropped to the 52K area 💀 — a reminder to always stay safe in the crypto market. Here's the update: the Fear and Greed Index is at 23 (Extreme Fear), and the Stochastic RSI has dived back into the oversold zone 🗿.
So, where is BTC headed? The potential pump still remains at the 60K - 61K range. However, given today's deep drop, there’s a probability BTC could break below 50K and, in the worst case, visit the 44K area.
Always hope for the best and prepare for the worst — let's hope BTC doesn’t dump to 44K 🗿. As always, maintain your risk, and that’s it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
BTC Holding Steady in Fear ZoneGM crypto bro's! This morning, the Fear and Greed Index is at 29, still in the fear zone. The Stochastic RSI remains in the oversold area, same as yesterday.
In terms of price action, BTC's outlook today is similar to yesterday's market update. The closest potential pump target is between 60K - 61K, but be cautious—this doesn’t mean the dump is over.
So always keep in mind the market is dynamic—don’t get FOMO, stay safe, stay calm. Remember, anything can happen in the crypto market. Manage your risks, and that's all for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
BTC Hits 55K: What's Next?GM crypto bro's! This morning, the Fear and Greed Index remains in the fear zone at 27, while the Stochastic RSI is showing signs of exiting the oversold area.
BTC has dropped to the 55K area, as I mentioned a few days ago. Where is it headed next? The current price action suggests a probability of reclaiming the 60K - 61K range as the nearest target.
Like always, keep in mind that the market is dynamic—don’t get FOMO, stay safe, stay calm. Remember, anything can happen in the crypto market. Manage your risks, and that's all for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
Are financials topping here? Financials have been one of the leading and strongest sectors on the back of rate cut narratives.
The resilience and strength can easily be observed...
XLF has been making new highs despite the QQQ & SPY not.
Now it begs the question; is all the rate cut priced in?
We think financials are set for some downward rotation.
If this rotation occurs it opens up many other opportunities as financials do carry some decent weight in the indices.
Today names like JPM & XLF gave us a potential daily topping tail.