Monday, May 29, 2023 2:13:45 AM
WCVC - Debt limit Deal=Rally in Small Caps
The Kick-Off Months in the OTC - Jun/Jul - Jan/Feb
I'll Alert you of stocks to Buy,
before the Run happens !
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May 28, 20236:49 PM EDT
A deal to lift the $31.4 trillion debt limit
announced by the White House
and House Republicans late Saturday
would avert a catastrophic U.S. default
and boost overall appetite for risk
while also buoying some of the sectors
that have been left behind
in this year’s tech-led rally,
such as cyclical stocks and small caps,
investors said.
Among the market sectors
that stand to benefit from a deal
are defense stocks,
which have lagged during the negotiations,
as well as cyclical sectors of the market
and energy stocks,
said Quincy Krosby,
chief global strategist at LPL Financial.
Stuart Kaiser, head of equity trading strategy at Citi,
said a deal could be a “modest positive”
for equity markets at the index level
but could provide a greater boost for sectors
that have lagged this year,
including shares of companies
with weaker balance sheets
and small-cap stocks.
https://www.reuters.com/markets/us/debt-deal-could-boost-unloved-corners-us-stock-market-though-risks-loom-2023-05-28/
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Live! Charts
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The Kick-Off Months in the OTC - Jun/Jul - Jan/Feb
I'll Alert you of stocks to Buy,
before the Run happens !
______________________________________________
May 28, 20236:49 PM EDT
A deal to lift the $31.4 trillion debt limit
announced by the White House
and House Republicans late Saturday
would avert a catastrophic U.S. default
and boost overall appetite for risk
while also buoying some of the sectors
that have been left behind
in this year’s tech-led rally,
such as cyclical stocks and small caps,
investors said.
Among the market sectors
that stand to benefit from a deal
are defense stocks,
which have lagged during the negotiations,
as well as cyclical sectors of the market
and energy stocks,
said Quincy Krosby,
chief global strategist at LPL Financial.
Stuart Kaiser, head of equity trading strategy at Citi,
said a deal could be a “modest positive”
for equity markets at the index level
but could provide a greater boost for sectors
that have lagged this year,
including shares of companies
with weaker balance sheets
and small-cap stocks.
https://www.reuters.com/markets/us/debt-deal-could-boost-unloved-corners-us-stock-market-though-risks-loom-2023-05-28/
_______________________________________________________________________
________________________________________________________________________
Live! Charts
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