Market Rotation

There has been an endless rotation into economically sensitive stocks. Today, my largest longs Gilead and Amgen are finally starting to move. I am guessing that the rotation is over, regardless of market direction. Defensive stocks should start to outperform.

1 comment:

PJ said...

Crap stocks like the banks are down ... looks like more sophisticated investors are taking over from the retail crowd and positioning themselves defensively.