AI
Tuesday, May 23, 2023 11:19:36 AM
OK, that didn't take long. The XLC, XLK and XLY all have similar chart patterns and all did very well from the bottom, or near the bottom, of the recession. So we should say:
Comms, tech and discretionary will do very well from near the bottom of a recession. During the Great Recession all three doubled in two years. But that was not the time to sell as tech, for example, was up 17X by January of 2022. And we all thought the market was overbought at the end of 2019. I know I did.
There might be an opportunity this summer if Kevie and the Freedumb caucus tank the economy.
Comms, tech and discretionary will do very well from near the bottom of a recession. During the Great Recession all three doubled in two years. But that was not the time to sell as tech, for example, was up 17X by January of 2022. And we all thought the market was overbought at the end of 2019. I know I did.
There might be an opportunity this summer if Kevie and the Freedumb caucus tank the economy.
The stock market is a device for transferring money from the impatient to the patient. - WB
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