Market is in "Wait-and-See" Mode Today (Mixed Rotation Ahead of Huge News This Week) 🛑📊

Hope your trading week is starting off well! 👋

If you’ve opened your scanners today and felt like the price action is a bit muddy, you aren’t imagining it. Take a look at today's sector report. We are sitting in a textbook "mixed rotation," meaning there is no clear green light for a "risk-on" or "risk-off" environment.

What’s happening under the hood:

The high-flying tech stocks (XLK) and energy names (XLE) that usually drive the big momentum moves are lagging today. Instead, money is quietly parking in defensive areas like Real Estate (XLRE) and Materials (XLB).

Why the hesitation?

We have some major "binary events" (huge economic news items) hitting the calendar that will completely dictate where the market goes next. The big ones to watch are:

1. Wednesday, June 10: US CPI Inflation data.

2. Thursday, June 11: US PPI (Producer Price Index) data and the Eurozone interest rate decision.

Love to hear your thoughts on how the market will fare with these two big reports.