Republic Risk: Did You Go Away In May?
We're hoping OPEC can ensure stability in the energy markets as we move into a positive month historically for election seasons.
Equity Storm Watch Is YELLOW on the S&P 500 and YELLOW on the Russell 2000
Last week, they concluded with significant sales in small-cap healthcare and consumer cyclical stocks, amplifying the rotation back into financial stocks. Meanwhile, energy stocks remain under pressure as capital rotates to technology. This morning, oil prices rebounded after OPEC’s meeting, while hard assets like gold and silver are ticking higher.
What to Do Today: This week's key focus will be the Fed’s inflation figure. With liquidity strong and China pumping capital into its system, we’re entering a very positive month again for seasonality during election years. Be defensive, and learn about the importance of the 20-day and 50-day moving average.
Keep reading with a 7-day free trial
Subscribe to Me and the Money Printer to keep reading this post and get 7 days of free access to the full post archives.