b**t
发帖数: 656 | 1 Stages of Sector Rotation
• Stage I: The transition from bear market to bull. Cyclical sectors
— Financials, Technology and Consumer Discretionary — outperform.
• Stage II: Mid-to-late bull market. Materials and Industrials
outperform, as do Energy and Telecom stocks;
• Stage III: Nondiscretionary sectors — Health Care, Consumer
Staples and Utilities — Recession proof products and services — are the
most resilient as the bull begins to die.
**Chart courtesy of Investech Research | a****g
发帖数: 8131 | | t********s
发帖数: 4503 | | s******r
发帖数: 653 | 4 Good one!
sectors
【在 b**t 的大作中提到】
: Stages of Sector Rotation
: • Stage I: The transition from bear market to bull. Cyclical sectors
: — Financials, Technology and Consumer Discretionary — outperform.
: • Stage II: Mid-to-late bull market. Materials and Industrials
: outperform, as do Energy and Telecom stocks;
: • Stage III: Nondiscretionary sectors — Health Care, Consumer
: Staples and Utilities — Recession proof products and services — are the
: most resilient as the bull begins to die.
: **Chart courtesy of Investech Research
| M*P
发帖数: 6456 | 5 关键是时间。
【在 b**t 的大作中提到】
: Stages of Sector Rotation
: • Stage I: The transition from bear market to bull. Cyclical sectors
: — Financials, Technology and Consumer Discretionary — outperform.
: • Stage II: Mid-to-late bull market. Materials and Industrials
: outperform, as do Energy and Telecom stocks;
: • Stage III: Nondiscretionary sectors — Health Care, Consumer
: Staples and Utilities — Recession proof products and services — are the
: most resilient as the bull begins to die.
: **Chart courtesy of Investech Research
| v**********m
发帖数: 5516 | 6 thx for sharing.
sectors
【在 b**t 的大作中提到】
: Stages of Sector Rotation
: • Stage I: The transition from bear market to bull. Cyclical sectors
: — Financials, Technology and Consumer Discretionary — outperform.
: • Stage II: Mid-to-late bull market. Materials and Industrials
: outperform, as do Energy and Telecom stocks;
: • Stage III: Nondiscretionary sectors — Health Care, Consumer
: Staples and Utilities — Recession proof products and services — are the
: most resilient as the bull begins to die.
: **Chart courtesy of Investech Research
| C****a
发帖数: 1639 | 7 This is totally incorrect. If looking at 2007-2009. | b**t
发帖数: 656 | 8 把作业做了一下
"In 2007, we were at the tail end of a multi-year bull run in the equity
markets. Looking at the sector performance during that time, we see that
the technology, industrials, and basic industry sectors were outperforming
the market. Of course, the best performing sector happened to be the
energy sector. This energy stock spike signaled a possible peak in the
market, which was one of many warnings that were ignored by most “experts
” in the media.
During the recession and to the March 2009 lows, you would expect the
defensive sectors of the market to outperform the overall market. The
following graph shows that this occurred. Do NOT think that you could have
gone long on the staples, healthcare and utility stocks and profited. This
chart shows how these sectors performed in relation to the broad market.
Since the S&P 500 was crashing, all market sectors were in decline, these
sectors just did not decline as much. Even though I use sector rotation to
find trading opportunities, primarily use it as a timing device to see
when market shifts may occur."
【在 C****a 的大作中提到】
: This is totally incorrect. If looking at 2007-2009.
| C****a
发帖数: 1639 | 9 The benchmark topped at Oct, 2007, but energy (XLE) and material (XLB)
continue to rally until mid 2008. Yes,
I agree that energy stock spike is a sign of topping, but their
outperforming may continue after benchmark
start to drop.
What he/she said is not so relevant to what is illustrated in the graph.
outperforming
experts
【在 b**t 的大作中提到】
: 把作业做了一下
: "In 2007, we were at the tail end of a multi-year bull run in the equity
: markets. Looking at the sector performance during that time, we see that
: the technology, industrials, and basic industry sectors were outperforming
: the market. Of course, the best performing sector happened to be the
: energy sector. This energy stock spike signaled a possible peak in the
: market, which was one of many warnings that were ignored by most “experts
: ” in the media.
: During the recession and to the March 2009 lows, you would expect the
: defensive sectors of the market to outperform the overall market. The
| b**t
发帖数: 656 | 10 My bad. The second quote was from another source with a different sector
rotation model.
【在 C****a 的大作中提到】
: The benchmark topped at Oct, 2007, but energy (XLE) and material (XLB)
: continue to rally until mid 2008. Yes,
: I agree that energy stock spike is a sign of topping, but their
: outperforming may continue after benchmark
: start to drop.
: What he/she said is not so relevant to what is illustrated in the graph.
:
: outperforming
: experts
| | | b**t
发帖数: 656 | 11 Stages of Sector Rotation
• Stage I: The transition from bear market to bull. Cyclical sectors
— Financials, Technology and Consumer Discretionary — outperform.
• Stage II: Mid-to-late bull market. Materials and Industrials
outperform, as do Energy and Telecom stocks;
• Stage III: Nondiscretionary sectors — Health Care, Consumer
Staples and Utilities — Recession proof products and services — are the
most resilient as the bull begins to die.
**Chart courtesy of Investech Research | a****g
发帖数: 8131 | | t********s
发帖数: 4503 | | s******r
发帖数: 653 | 14 Good one!
sectors
【在 b**t 的大作中提到】
: Stages of Sector Rotation
: • Stage I: The transition from bear market to bull. Cyclical sectors
: — Financials, Technology and Consumer Discretionary — outperform.
: • Stage II: Mid-to-late bull market. Materials and Industrials
: outperform, as do Energy and Telecom stocks;
: • Stage III: Nondiscretionary sectors — Health Care, Consumer
: Staples and Utilities — Recession proof products and services — are the
: most resilient as the bull begins to die.
: **Chart courtesy of Investech Research
| M*P
发帖数: 6456 | 15 关键是时间。
【在 b**t 的大作中提到】
: Stages of Sector Rotation
: • Stage I: The transition from bear market to bull. Cyclical sectors
: — Financials, Technology and Consumer Discretionary — outperform.
: • Stage II: Mid-to-late bull market. Materials and Industrials
: outperform, as do Energy and Telecom stocks;
: • Stage III: Nondiscretionary sectors — Health Care, Consumer
: Staples and Utilities — Recession proof products and services — are the
: most resilient as the bull begins to die.
: **Chart courtesy of Investech Research
| v**********m
发帖数: 5516 | 16 thx for sharing.
sectors
【在 b**t 的大作中提到】
: Stages of Sector Rotation
: • Stage I: The transition from bear market to bull. Cyclical sectors
: — Financials, Technology and Consumer Discretionary — outperform.
: • Stage II: Mid-to-late bull market. Materials and Industrials
: outperform, as do Energy and Telecom stocks;
: • Stage III: Nondiscretionary sectors — Health Care, Consumer
: Staples and Utilities — Recession proof products and services — are the
: most resilient as the bull begins to die.
: **Chart courtesy of Investech Research
| C****a
发帖数: 1639 | 17 This is totally incorrect. If looking at 2007-2009. | b**t
发帖数: 656 | 18 把作业做了一下
"In 2007, we were at the tail end of a multi-year bull run in the equity
markets. Looking at the sector performance during that time, we see that
the technology, industrials, and basic industry sectors were outperforming
the market. Of course, the best performing sector happened to be the
energy sector. This energy stock spike signaled a possible peak in the
market, which was one of many warnings that were ignored by most “experts
” in the media.
During the recession and to the March 2009 lows, you would expect the
defensive sectors of the market to outperform the overall market. The
following graph shows that this occurred. Do NOT think that you could have
gone long on the staples, healthcare and utility stocks and profited. This
chart shows how these sectors performed in relation to the broad market.
Since the S&P 500 was crashing, all market sectors were in decline, these
sectors just did not decline as much. Even though I use sector rotation to
find trading opportunities, primarily use it as a timing device to see
when market shifts may occur."
【在 C****a 的大作中提到】
: This is totally incorrect. If looking at 2007-2009.
| C****a
发帖数: 1639 | 19 The benchmark topped at Oct, 2007, but energy (XLE) and material (XLB)
continue to rally until mid 2008. Yes,
I agree that energy stock spike is a sign of topping, but their
outperforming may continue after benchmark
start to drop.
What he/she said is not so relevant to what is illustrated in the graph.
outperforming
experts
【在 b**t 的大作中提到】
: 把作业做了一下
: "In 2007, we were at the tail end of a multi-year bull run in the equity
: markets. Looking at the sector performance during that time, we see that
: the technology, industrials, and basic industry sectors were outperforming
: the market. Of course, the best performing sector happened to be the
: energy sector. This energy stock spike signaled a possible peak in the
: market, which was one of many warnings that were ignored by most “experts
: ” in the media.
: During the recession and to the March 2009 lows, you would expect the
: defensive sectors of the market to outperform the overall market. The
| b**t
发帖数: 656 | 20 My bad. The second quote was from another source with a different sector
rotation model.
【在 C****a 的大作中提到】
: The benchmark topped at Oct, 2007, but energy (XLE) and material (XLB)
: continue to rally until mid 2008. Yes,
: I agree that energy stock spike is a sign of topping, but their
: outperforming may continue after benchmark
: start to drop.
: What he/she said is not so relevant to what is illustrated in the graph.
:
: outperforming
: experts
|
|
