bullish
Weekly Stock Bullfinder - Week of 5/22
SUMMARY
- Sector allocations in 2023 have been highlighted by big money rapidly leaving the “inflation trade” of 2022 (dominated by all things oil and gas, coal, ag commodities, etc.) and plowing money in full force to the “disinflation trade” headlined by sectors exposed to technology, artificial intelligence, semiconductors, automation/robotics, and software.
- In fact, the following sector ETFs are making new 6-month relative strength line highs this week compared to S&P 500 index and are quickly emerging as new market leadership groups:
- Technology: BOTZ, TECL, IXN, IYW, XLK, IGV, VGT; Homebuilders: NAIL, XHB, XL
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