We are remaining long XLI as it is deeply oversold near-term and tactically attractive if we see profit taking from L/T winning sectors XLK and XLC
XLB has fallen to new lows without any signs of positive divergence or bullish reversal at the industry level.
XLE is a preferrable exposure to XLB in our work and has triggered a tactical buy signal.
Going naked the Discretionary Sector during a month where it ended up outperforming resulted in a small loss (-20bps). We start out July with more beta in the portfolio and bigger bets on leadership sectors (XLK, XLC) given the improving status of monthly inflation gauges and continued strength in Growth oriented themes.
Elev8 Sector Rotation Model Portfolio: July Positioning & June Performance Recap Read More »
Price action, Fed policy and trends in US yields and global commodities prices continue to support Growth leadership and the continuation of the current bull trend for US equities
Futures are inching higher this morning with the Dow Industrials looking to build off of a stronger end to last week. Dow Futures are up 0.25% as of this writing after adding 0.04% on Friday. S&P 500 futures are also higher, while the Nasdaq futures are off slightly this morning. The 10yr US Treasury yield
ETFsector.com Daily Trading Outlook, June 24, 2024 Read More »
Narrations of a Sector ETF Operator | Weekly Market Letter, June 23, 2024 I want to talk about time this week. Yes, the ubiquitous kind on which all our lives flow, but also of course the discrete kind, like the humble trading day, or the even more humble day. Depending on perspective and position, time
Narrations of a Sector ETF Operator | Weekly Market Letter, June 23, 2024 Read More »
The historical sector roadmap for expected returns during commodities price uptrends.
The historical sector roadmap for expected returns during commodities price downtrends.
The historical sector roadmap for expected returns during US 10yr Yield downtrends
US Sector Historical Return Profiles During Interest Rate (US 10yr Yield) Downtrends Read More »
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