This class reviewed the Sector Selector to find quite attractive rotations over the past month. Many of the defensive sectors (like Utilities and Staples) have fallen on a relative basis, and many cyclical areas (like Discretionary and Communications) have risen. This suggests that the market's risk appetite is much stronger today than it was for most of last year. We concentrated today's trade ideas in the Communications sector.
This basic options class discussed the recent options expiration and how our portfolio has slimmed down tremendously due to a number of our positions going to max gain. We also have the odd challenge of finding companies that are still appropriately priced after the market has had a sizable rally this calendar year. Our head-to-head matchup was between a REIT and a Staple (two sectors underperforming recently).
© 2023 · Market Scholars.