Been watching this setup for a little while. not much you can do now unless you're already in XLP names from lower, but it's a great example of capital flows re-orienting around defensive names at the moment, in light of potential tapering / rates moves in the future. High mult continues to flounder.
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Want more high probability trade ideas?
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Related publications
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.