When you go back and study bull markets and all the healthiest environments for stocks throughout the past, do you know what you'll find?
Historically, Consumer Staples stocks underperform during the healthiest market environments.
So with that in mind, notice how Consumer Staples on an equally-weighted basis just closed at NEW ALL-TIME LOWS relative to the equally-weighted S&P500:
Money is fleeing the defensive nature of Consumer Staples and continuing to rotate into more offensive areas of the market.
Take Financials for example. Here is the equally-weighted Financials Index completing a multi-year base and closing once again at new all-time highs.
The equally-weighted Financials Index eliminates the massive weightings in Berkshire Hathaway, JP Morgan, Bank of America, Goldman Sachs and others.
This chart above shows Financials Equally-weighted making new all-time highs, reiterating the broad strength in Financials, which is typical in the middle of a bull market.
Meanwhile, the Communications Index on an equally-weighted basis is making new multi-year highs as well.
But for me, it's the market-cap weighted version of Communications, which is much more "Tech" oriented, making new all-time highs that stands out the most.
In this index below you're looking at a ton of Google, Meta and Netflix driving this index to new all-time highs.
Again, after completing a multi-year base.
It's officially been a bull market for over 2 years now.
And there's no evidence that it's over.
Quite the opposite actually.
And so we've been acting accordingly.
We're continuing to look for stocks to buy in order to participate in the sector rotation that we keep seeing quarter over quarter.
As an added bonus, this is Week #2 of our 12-week ASC Mastermind. This week is all about Momentum, how it works, and why we use it every day to try to profit in the market.
Try it out for the month and get access to this week's LIVE Video Conference Call and 24/7 access to the Trade Ideas, with entry levels and price targets for each trade.
