Here's Where I See Opportunity
July 11, 2024 | Read Online | | | | | Tech Tremors Trigger Trader Exodus | By Blake Young | Market fluctuations are commonplace, but today's seismic shift in key sectors demands our attention. | By mid-afternoon, the tech-centric NASDAQ plummeted 1.7%, dwarfing the S&P 500's 0.7% decline. This tech tumble sparked a frenzied flight to safety among traders. | In times of market anxiety, investors typically seek refuge in cash or defensive sectors like utilities and healthcare. | Today, however, we witnessed not just a rotation, but a dramatic scramble. | The contrast was stark: "risk-on" sectors plunged 3%, while defensive sectors surged an equal amount. This wasn't a mere shift; it was a financial tectonic event. | We'll examine how this played out in defensive stalwarts like NextEra in utilities, and Thermo Fisher and Danaher in healthcare. | Notably, stagflation plays are gaining traction. Gold's ascent coupled with copper's decline paints an intriguing picture. We'll analyze key players like Newmont and Southern Copper. | Let's dissect these movements and uncover the strategic opportunities they present... | Watch My Take Here | | Earnings Season Starts Tomorrow, Are You Ready? | |
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