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If you’re banking on a financial breakout, it’s already happening, technician says

August 10, 2016

Via: CNBC
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If you’re waiting for the financials to break out, it’s already happening, says one market technician.

Jonathan Krinsky, chief market technician and executive director at MKM Partners, explained that the market has already seen rotation out of high-dividend-yielding sectors and into cyclical sectors such as technology, materials and financials.

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