Energy was one of the key sectors to move higher, based on ChartLabPro.com proprietary metrics. This shift to energy may be signaling markets are in an advanced stage cycle of this bull market. As history has proven, during a mid- to late-stage equity cycle, the market could be forecasting a steepening yield curve. Therefore, industrial-production growth will accelerate, and investors will no longer chase high-multiple stocks for "growth."
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