In the more defensive parts of the asset class of equities as a whole, I am looking for capital to rotate away from some of the consumer staples stocks and down to the utilities. Both sectors are usually lumped in together, but as you can see below on their weekly charts the staples have vastly outperformed the utes. Nevertheless, both sectors offer high yield opportunities for patient investors, and I expect some profit-taking in the consumer stocks to be shuffled over to the high yielding utilities. In addition to the inflows to the materials/energy/rails/industrials today, I would look for this interplay to occur as well.
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Nice note here, the rails looked good today and looking back at $IYT, the 3/15 breakout looked to be tested 2x by hammer patterns coinciding w/the 50ema…looking for upside
Indeed
Thanks for another good post Chess! Interesting you point that XLU could be one of the other sectors to rotate in. Makes sense why I saw $SRE holding and being bid last couple weeks..
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