I hope you paid attention to my warnings in the past week about the market’s abrupt shift to “risk-off” status. This was plainly evident by the flight-to-safety trades in the stock market, and capital seeking refuge in defensive sectors.
With that being said, our strict adherence to relative strength principles has allowed us to weather this market pullback well.
Biotech, especially, is showing relative strength, and once this selloff is complete, I would continue to look for more leadership in this sector.
And it’s not just biotech that’s holding up well – crypto and precious metals are showing signs of life, and the strength of our positions in this space point to further outperformance on the horizon.
In the meantime, I wanted to update you on an important event I’m hosting tomorrow, where I’ll be discussing A.I. Timing Webs. Go here and make sure you’re signed up.
If you’ve enjoyed my brief analysis via email, this is an event you won’t want to miss, as I take you in on a deep dive into the inner workings of today’s market.
It starts at 1 PM Eastern tomorrow, July 25. I hope to see you there!
