From the desk of Steve Strazza @sstrazza
At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.
Looking at the past helps put the future into context. In this post, we review the absolute and relative trends at play and preview some of the things we’re watching to profit in the weeks and months ahead.
The market continues to fire on all cylinders right now. Last week’s gains were nothing but a continuation of the same resiliency and momentum we’ve come to expect from risk assets over the last year.
As for what’s providing buying opportunities over the next few months and quarters, it is still strongly centered around cyclical areas pertaining to Energy, Financials, International Markets such as Canada, and Commodities, among many other areas we’ve been hitting on.
Last week’s price action continues to strengthen our view that we’ve reallocated into all the right areas. As such, our best course of action is to continue looking for the best risk vs reward opportunities in these leading groups.