Saturday, September 02, 2017 11:22:03 AM
Harvey impacts on short term sector rotation
Materials, auto, transportation, energy, commodities surged higher as Harvey presents at least a short term opportunity as the focus turns to the recovery. $8 billion to start with from the government.
Harvey put a hurt on short term automotive sales in the immediate region as dealerships were shuttered. Soon attention will turn to replacement vehicles sales and I have heard estimates of half a million vehicles will be purchased to replace those lost in the floods.
Year long stalwarts bios and tech also moved back into leadership position.
Materials, auto, transportation, energy, commodities surged higher as Harvey presents at least a short term opportunity as the focus turns to the recovery. $8 billion to start with from the government.
Harvey put a hurt on short term automotive sales in the immediate region as dealerships were shuttered. Soon attention will turn to replacement vehicles sales and I have heard estimates of half a million vehicles will be purchased to replace those lost in the floods.
Year long stalwarts bios and tech also moved back into leadership position.
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