Our weekly inter-market analysis reflects some of the fears resulting from Russian inspired geo-political turmoil and fears of a China slowdown. European stocks, lead by Germany, are showing signs of weakness as are certain commodities, like copper. Meanwhile, soft commodity prices have exploded. I have added ETF DBA, which tracks grains, corn, soy, etc. In the US, Utilities and Healthcare have the strongest Bull:Bear ratios while Tech and Consumer Discrteionary have cooled, all of which suggest that money is rotating to defensive areas of the market. Was the sharp sudden spike in interest rates the canary in the coal-mine last week, or are the shorts wrong and being squeezed today? For our money, the Chaikin Analytics don't lie and while it doesn't appear Armageddon is upon us, quality stock picking is the game that must be played.
Here are some stocks we like, and for which we will be considering trades this week.
Here are some stocks we like, and for which we will be considering trades this week.
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