what was working well for the last 6-8 months isn't working well now. i decided to average-down rather than sell... hopefully not a big mistake. i can't figure out what the play is. looks like a mix of big-tech and quality is outperforming.
There is this feeling that stocks that are heavy industrial, cyclical stand to benefit here.
We are in the dying throes of this bull rally.
Some time ago when we had a first sharp break we said this is it if you expect to buy and hold and make money over the year... Spasmodic rotation from here until the whole house goes down. GDP is going to be VERY hot the bond yield thing will happen again and Oil should go way up. Kind of watching Oil as a tell..
Nucor is it sexy? No. But we have to change the type of stocks we are buying and buy some that might get swept up in infrastructure spending or our Economies show of strength & healthy GDP-- Exports...
I'm still trying to figure it out.
Luckily I have guys that buy all these boring names. Allowing me to fixate on the
Phantasma what's concerning is truly good earnings are being sold off now.. so you can't win. And the IPO market needs to be taught a lesson... so that all has to blow up. It's unfortunate.
What I don't like is I've already heard the first idiot say on CNBC pocket your gains and take the summer off.. we don't need that kind of thought-! It's dangerous, it's tempting and leads to cascading summer selloffs... Of which I have lived through MANY!! <-- worst time.
Much prefer the term " summer rally. "