Rotae out of Tech (XLK) into Oils (XLE) for longer term
I'm very confident that for long term real money investors (or long time horizon long/short) a switch/rotation now from tech stonks into oils will pay off massively over the next 1 to 2 years (100% relative basis)
Note
Since this post 2 months ago it may surprise many but the XLE (oils) has outperformed XLK (tech) by around 16%.It looks to be decisively breaking out and I do believe this outperformance can last at least a year or two.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.