MJ - ETF Trade Ideas For The Week Ahead: The Rally In Semiconductors And Biotechs Probably Isn't Done
Cyclical sectors have rallied hard since the beginning of October but I don't think it's done yet. I expect stocks to continue drifting up through the end of 2019 before pulling back in the start of 2020.
Investors tilted towards cyclical sector have likely been pleased with their portfolio's performance over the past month. Healthy economic readings, along with the general belief that trade tensions will slowly continue to ease, have many adding risk to their portfolios.
As I mentioned last week, I expect current sentiment to continue through the end of 2019, pushing