Elevated markets and the three types of companies influencing it

Jul 15, 2020 | Robert Thomson


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Below is a video I recorded discussing the elevated state of the markets and how there are three different types of companies influencing it.

Below is a video I recorded discussing the elevated state of the markets and how there are three different types of companies influencing it.

  • Large Cap Growth companies which have had a meteoric rise and are lifting the markets
  • A group of companies mainly in Travel, Entertainment, energy, financials, which were hit hard in March and for the most part have not recovered,
  • Those back to neutral ground- such as Healthcare and consumer staples.

My video discusses how we see things playing out for each of these groups in the near future.

 

I use a chart from our technical analyst Bob Dickey, who thinks that we are at the top of a trading range, a range that will last for the foreseeable future.

 

If you haven’t been rebalancing and taking profits, this appears to be a good opportunity to do so