A number of stock market sectors have run a bit too hard, over extending themselves and effectively throwing their charts into need of a correction.
Car rentals
Airlines
Casinos
Internet/Tech
Online shopping
Cruise ships
Covid solutions
So now what? Wait for these to correct a bit and cool off? At least in the Casino space, that is what I will do. I still see it as a strong sector and I don't think their run is over. ERI, PENN and LVS.
My belief is the easy money stock investment run will be over in 21 days. At witch point a transition into the laggard sectors may be worth a try for another 2 months. Having said that the NASDAQ and S&P 500 have already regained pre-virus levels. The rebound is over. All boats will not float alike.
The laggard industries,
Sector laggards which are now making a move. Financials, banks, hotels, restaurant chains, luxury, travel and real estate may run for another 3 months.
John Mueller is not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by John Mueller are from personal research and 35 years investing experience and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur. Stock trade at your own risk.
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