If you sort the market based on the YTD performance Financial sector would be the front runner in 2021..! Although big banks' stocks are traded at slightly lower prices these days, they outperform most tech stocks and major indexes in 2021..! this could be an alarming sign for S&P 500..!
a comparison between S&P 500 and banks performance in 2021:
A comparison between big banks and major indexes' performance in 2021!
Just to add the last cherry on the cake: do not forget when I published the post about NASDAQ front runner in mid-February 2021: All EV makers experienced a crash after that and never see the same price..!
Yes, but in the next weeks, bank sectors will publish results - which should be good...i believe we will have one more push up, before September+October falls..! ;)
either way, bank sector + industrials (both with rising MACD) will make or brake SPX+DJ..
Interesting outlook but considering bears have been wrong since 2020, would still load up more long positions on further small dips, crash is not due until probably 2030
Niceguy_Anakin
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Interesting stuff - but what should one do about it?
OfficialKairosMusic
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@Bobthejoker, Hold cash and be ready in case there's a correction. Lower or get rid of any leverage you might have.
either way, bank sector + industrials (both with rising MACD) will make or brake SPX+DJ..