DBD Strategy Daily - READY TO MOVE FROM LUXURY TO ENERGY?
As already commented yesterday, short-term movements are developing that will try to invalidate medium-term trends on many assets. In Europe, the Banking sector has been a leader in the fall, it is trying to bounce and so is its relative strength. There is no signal yet to confirm that movement will last for several weeks, it is a contrarian bet. We also know that Energy is a medium-term out-performer in the medium-term. Which sectors could under-perform in the coming weeks/months ? As already mentioned a , we think the risk lies on Techno and Luxury stocks (most of them being part of the Personal & Household Goods sector in Europe). We do not have the signals on those sectors yet, but it really looks like one should be ready to under weigh Luxury and over weigh Energy for a long, long time...
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