Discordia Weekly Sector Reads
Exactly what it sounds like! Each Tuesday we publish our sector reads. These reads combine relative and absolute performance projections in order to come up with strength profiles. You could use these as the basis of a long/short sector strategy, or as a starting point for a top-down hunt to find the best positioned single names. The scale goes from -4 to +4. Good luck to all!
Cons. Cyc. 2
Technology 1
Healthcare 1
Utilities 0
Real Estate -2
Cons. Def. -3
Energy -3
Financials -3
Industrials -3
Materials -3
Comms. -4
Changes Since Last Week ->
Basically everything got worse as medium term momentum has been sucked from the market. This doesn't mean that some things aren't outperforming the market, like tech, consumer cyclical, and healthcare, but rather that on an absolute basis lots of sectors aren't good allocation spots based on the price action.
Cheers!
Cons. Cyc. 2
Technology 1
Healthcare 1
Utilities 0
Real Estate -2
Cons. Def. -3
Energy -3
Financials -3
Industrials -3
Materials -3
Comms. -4
Changes Since Last Week ->
Basically everything got worse as medium term momentum has been sucked from the market. This doesn't mean that some things aren't outperforming the market, like tech, consumer cyclical, and healthcare, but rather that on an absolute basis lots of sectors aren't good allocation spots based on the price action.
Cheers!
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