From the desk of Steve Strazza @Sstrazza
Last month we wrote about the lackluster move from some of the cyclical sectors off of their March lows, particularly Industrials and Financials.
We continue to see weakness out of these areas over both long and short-term timeframes as Financials are pressing on all-time lows relative to the S&P 500 and Industrials just made a fresh relative 20-year low.
In this post, we’ll take a look at these underperforming areas and share some trade ideas to express our bearish thesis.