Rotation Still Underway

I’m afflicted with seasonal allergies this morning. As a result, I’m not trading much. I managed to pare down most of my positions and now only have basic materials.

Judging by performance and geopolitical events, as well as seasonality, I’m fairly confident there are legs left in the commodity run.

Markets look fine and were right up against record highs so there isn’t a problem with stocks in general. However, there has been some bleeding out in growth and I’d much prefer greater exposure to oils, gold, and metals at the present.