FAANG-fueled market whipsaw stirs bullish U.S. sector rotation
June 13, 2017 at 12:21 PM EDT
Technically speaking, the U.S. benchmarks’ bull trend has weathered a mid-June market whipsaw punctuated by healthy sector rotation. Against this backdrop, the Nasdaq Composite is digesting its FAANG-fueled key reversal — a bearish technical pattern — while the Dow industrials, Russell 2000 and S&P MidCap 400 rattle the cage on uncharted territory.