Stocks back down while bonds back in action get bid up today. Financials continue to get hammered after dismal earnings announcements. Energy down 50% this year. So, where's the next opportunity? We look to consumer staples and big tech in tonight's video newsletter...
The End of the Rally?
1 Comment
Brian B
April 16, 2020I think a case can be made for tech and staples NOT being affected in the ways financials, builders and energy have. Difference between xlp and xly shows this clearly. Tech is keeping things happening right now, and people need staple items regardless of the economy. Amazon can’t keep up with demand, no brainer there (though I picked up 30 day puts today, as I do with any parabolic chart). Aapl is selling phones, cloud services... nflx is benefiting from everyone staying home...
I get the quant angle, but the fundamentals may win out on these. Gonna be interesting.