The market continues to meander. While this seems like a bad thing to some folks that simply want and expect stocks to move higher each day and can’t see that sideways movement, even sector rotation, it is actually a positive, and not the beginning of the end.   Financials are the clear winner ahead of a big Janet Yellen speech in London and comments from her ECB counterpart indicating Europe’s economy is gaining traction.  The removal of accommodation on both sides of the Atlantic will help big banks.

The biggest loser today is technology as anxiety continues to build over an overdue correction.  Unless you are a trader, or own tech stocks without solid fundamentals, I would ride any dip (and be a buyer).