The news that the Strait of Hormuz will begin to reopen is creating strong moves in many markets. Most of these moves have taken key indices and ETFs up to key resistance levels (or down to key support levels in the case of crude oil). So, it won’t take much more follow-through this week to embolden the bulls as we move deeper into the summer months.
As we highlighted in our weekend piece, if (repeat, IF) the stock market is indeed toing to rally further, we believe areas other than tech will see the best performance. Some of these are specific stock sectors…while a few others come from different asset classes.
