Vermilion Research - Materials Select Sector SPDR Fund (XLB) Risk-on trade has upside; rotate into energy, materials, and mfg

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Vermilion Research

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Risk-on trade has upside; rotate into energy, materials, and mfg

â€‹ETFs Highlighted: ACWI, COPX, DBA, DBB, EEM, EWC, EWZ, GDXJ, GMF, GML, GUR, IWD, IWF, IWN, IWO, KRE, PCY, RSP, RSX, RYE, SIL, SLV, UUP, XLB, XLE, XLF, XLP, XLU, XOP

Report Highlights:

1.Equities - Domestic - Broad: The return of the risk-on trade; value is beginning to lead... see pages 1-2

2.Equities - Domestic - Sectors: Buy energy (XLE) and materials (XLB); XLF is recovering... see pages 3-5

3.Equities - Domestic - Industries: Buy metals miners (GDX, GDXJ, SIL, COPX)... see pages 6-8

4.Equities - International: Increase exposure to EM (EEM), especially Latin America (GML)... see pages 9-12

5.Bonds, Commodities & Currencies: U.S. dollar (UUP) is nearing a breakdown; metals are buys on pullbacks (GLD, SLV, DBB); ag commodities are bottoming (JJG, DBA, SOYB) -- accumulate... see page 13-15

21/04/2016 16 EN

Underlying

Materials Select Sector SPDR Fund

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United States

Provider

Vermilion Research

Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.

Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.

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Risk-on trade has upside; rotate into energy, materials, and mfg

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