lue at Telecom. but return it to EW from the OW set Jan end and put Media/Cable back to EW from UW. We OW HealthCare, Tech, Financials & Utilities. We UW Energy, Indus. & Materials. Market ‘:ornplacenev r eiernet pus in both cash equities and derivatives Our PENIX market emotion indicator climbed to 1.3 on

ue at Telecom, but return it to EW from the OW set Jan end and put Media/Cable back to EW rom UW. We OW Heath Care, Tech, Financials and Utilities. We UW Energy, Industrials and Materials. Figure 10125 stocks that lower the S&P 500 PE the most, i.e. stocks with big market cap and earnings weights and trade