Financials, value stocks, and high-dividend stocks made new all-time highs yesterday. It's true... Their outperformance vs. growth, tech, etc. is generally a risk-off sign, but the fact that they're making new all-time highs while the S&P 500, Dow Jones, and Russell 2k are sniffing all-time highs is not bearish whatsoever, in my opinion. This is a tech, semi, and AI-related washout. These periods of removing froth are HEALTHY. In fact, they are extraordinarily bullish... Especially for the investors who can keep their wits about them, embrace the short-term volatility, and maintain composure.