Nasdaq Might be a Better Buy in the Short-Term
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The markets are up really big since March. But while the S&P and Dow Jones are up 37% and 30% respectively, the Banking Index (BKX) is up 135%. Needless to say, a good amount of the upswing in the market has been caused by the Banking Index. Over the next few weeks, I think some of the other sectors look more attractive. If the market goes up, these sectors, along with financials will also move up. But if the market goes down like today, you will probably outperform the broader indexes if you are not overexposed in the financial sector. This is a short-term bet. Time to re-balance your portfolio.
– Faisal Laljee
Full Disclosure: I am long US equities, but my position can change anytime without notice.
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