From the desk of Steve Strazza @sstrazza and Louis Sykes @haumicharts
Leadership in this environment is stretching far and wide.
We’re seeing a growing number of industry groups and areas not only making new highs but also outperforming and offering us more and more avenues to express our bullish thesis on stocks and risk assets in general.
Last week, we discussed Commodities and Ags.
The week before that, we dove into Chinese equities.
And for some time now, we’ve been vocal on SMIDs in general.
The point is, with such an overwhelming amount of leadership these days, we can be picky and place our bets on only the best of the best in each group.
In today’s post, we’ll explore a hot new growth industry we haven’t covered in much detail yet – Autonomous Vehicles.
We’ll discuss the broad-based strength we’re seeing from this group of stocks, and outline setups in some names we’re buying as a way to bet on this trend.