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DKNG - You Are Seeing A Rotation To Cyclicals Do The Opposite And Buy Tech
DraftKings Inc.
Sector rotation and value stocks
This seems to happen many a summer. Investors rebalance by resizing the tech positions in their portfolios, and moving investments to other areas. Hopeful value investors seize on this action and declare that it’s their turn to shine. In turn, you have the momentum traders see a new shiny object and drop tech and other secular growers and jump on this new trend. Please fight the urge to follow along. If your trading time span is longer than the life cycle of a fruit fly, you’ll miss out on an