You can dismiss this, but you should take note:
- Banks are ripping higher again today, after Morgan Stanley’s earnings. Its up 5%.
- Goldman is up another 1.5%
- The homebuilder ETF is up another 0.7% after the strong new home sales, and in fact that ETF is up over 23% from its October 3 low.
- Meanwhile, the perennial market darling Apple, is down over 4%.
You can dismiss all this, and say it’s a blip or whatever. Or you can wonder if the market is shifting, and the old trends are starting to (as they eventually must) change.