It doesn't matter how you slice it, industrials are at ATHs.
🔵 Industrials $XLI
🟢 Small cap industrials $PSCI
🔴 Equal-weight industrials $RSPN
Does this look like weak market conditions to you?

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Daily market data review and trend analysis, produced by PANews.
1. Market Observation: The current macro market is experiencing a profound confidence crisis triggered by AI. The narrative has shifted from "AI frenzy" to "AI panic." Investors are no longer focused on who will benefit, but rather on which industries will be disrupted and replaced. On Thursday, financial markets experienced a broad sell-off, with US stocks losing $1 trillion in market capitalization. Cisco plunged 12% after issuing weak profit margin guidance. The Nasdaq fell more than 2%, the S&P 500 dropped 1.57%, breaking below its 50-day moving average, and the Dow Jones Industrial Average fell below the 50,000 mark...