From the desk of Willie Delwiche.
Key Takeaways:
- News headlines exacerbating underlying trends.
- Leadership rotation has accelerated in 2022.
- Time in the market is a waste of time if you are in the wrong market.
While the leaders of the last decade are weakening, the laggards of the last decade are gaining strength. Commodities are making new highs and Energy, which is the worst performing sector over the past 10 years, is the only sector in the S&P 500 in positive territory on a YTD basis. Globally, we are seeing strength and leadership from the rest of the world versus the US. Trends in Emerging Markets versus Developed Markets are as strong as they have been in over a decade. As we see these shifts, staying in harmony with the trend is critical. “Time in the market” can be a waste of time if you are in the wrong market.
