We think without a significant rotation, the market will bust! We are likely going to get a rotation, as we believe we are at a record low in terms of the percentage of stocks that are outperforming the S&P 500 over a calendar year. The last time this sort of narrowness occurred was 1998 and 1999. We are wondering if the rotation starts this year or if it occurs in 2025. We believe when it does occur it could be similar to 2000-2005.

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