If you've been keeping up with my daily videos, then you know I've been laser focused on the Consumer Discretionary sector for several reasons.
It's been diverging away from tech, which isn't common because these sectors tend to move together. And with the economy cooling off thanks to the delta variant, it makes sense that consumers are focused on needs instead of wants.
Almost every indicator points to divergence. We're even watching the Consumer Discretionary sector trade near all-time highs, which contradicts both the overall market's trading and fundamentals.
This tells us that the market might not be ready to break down just yet…
Which should make investors and traders who've been sitting on the sidelines pay attention to stocks set to outperform the overall market... |
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