Stocks Are Chopping Near Highs… And Looking For A Leader


Cutout paper illustration representing scheme and Stocks inscriptionImage Source: Pexels
The recent massive selloff in tech should prove what I’ve been saying for weeks now: The one-time leadership sector is slowing down.Nature abhors a vacuum and the stock market’s not all that different. The hunt for a new leading sector is on, and like some other groups I could mention, there are suddenly new contenders… though no outright winner.Real estate, at least as tracked by the $33 billion VNQ ETF, is showing emerging strength; that fund is up about 6% for the month. Energy is starting to show as well; XLE is down about 0.82% over the past month but is paring its losses recently.But a 6% gain and 0.82% loss aren’t exactly a flashing neon “RISK ON!” signal.I have been and remain enthusiastic about what I’m seeing in the biotech sector and, by way of a vote of confidence, we’ve got some open positions there. I also think the Japanese yen is handing us a unique Contrarian opportunity.Here’s what I mean…Video Length: 00:08:44More By This Author:Atlas Shrugged… And the Market Rallied
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