Defensive Posture: Dump Financials, Stock Up On Utilities And Tech -

Defensive Posture: Dump Financials, Stock Up On Utilities And Tech

Sep 25, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashIf you didn’t know any better, looking at the market this afternoon, you’d think “Hm. Quiet. No volume.” And you’d be right… but this market is going to wake up.How do I know? You can tell a lot by following the flow of cash out of one sector and into another. Go figure.Right now I’m seeing a lot of defensive posturing going on – filling sandbags. Traders are dumping financials, scooping up utilities left and right, and getting back into the sector that was dead three or four weeks ago: tech.And when you look at the calendar, you can see the end of the quarter coming this week.Add it all up and you’ve got a hell of a volatile market on your hands. That could happen as soon as tomorrow or Friday, so listen to what I’m about to tell you…Video Length: 00:08:13More By This Author:The Bulls Are Pressing The Bears As Stocks Consolidate Near All-Time Highs We’re Dealing With Muted Monday Malevolence The Fed Is Playing With Inflationary Fire