We believe that the “rotation” we’ve seen in the stock market recently will likely continue into the end of the year. However, it might not be as strong as some people are looking for. The big institutions will still want to protect their performance this year…so that will keep them from aggressively selling the mega-cap tech names…unless there is some really bad new-news.
The financial stocks are seeing a nice upside breakout move. We see one bank stock which could do extremely well over the near-term…and it’s probably not the one you’re thinking about right now.
Keep reading with a 7-day free trial
Subscribe to The Maley Report to keep reading this post and get 7 days of free access to the full post archives.