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Points nasdaq 1. 8 . This was a vicious rotation powered by wall streets newfound love for the Big International industrials and the u. S. Bank. You really want to buy a bull market that has eyes only for a couple sectors, honestly you have no choice this markets been all about rotation for ages. Theres not enough new money coming into the equity markets to driver up everything at once. It migrates from one group to the next, following specific sectors by increasing dominance of eps so when a company like cat piller reports a magnificent quarter investors have no use for steady drug stocks like Johnson Johnson no matter how good they are. They are very good manage manage managers want more cap to blow more money they need to sell something to raise the cash meanwhile, Exchange Traded funds are perfectly placed off t ....