Snag the Nicest Pullback
As readers will know, I have previously expressed my contention that stocks are at or near the top of the bull market that started in 2009. For that reason, if you have to be long at this juncture, you need to be holding the late-cycle stocks. As I've shown recently, the leading sectors are healthcare, utilities and consumer nondurables, making them the places to be.
With the start of the new year and capital inflows, and with Europe rallying on the first trading day of the year, I expect the U.S. market will try and do the same. The start of earnings season is still a good couple weeks out, so there's time to push this a bit more. So, rather than beat on my bear drum, I'll spend some time looking at stocks in the sectors that are in favor now, and which will likely continue to find buying interest for a while longer as the topping process plays out....631 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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