Good evening Team,
Context: These setups should always be evaluated through the lens of your overall portfolio risk parameters.
The big winners YTD are as follows: BLOK blockchain technology and ARKK innovation stocks. KRE regional banks are at the bottom of the pack as we head into a fresh earnings season!
The ratio of XLK megacap tech to XLF financials performance is at record highs.
On the 1-month timeframe, BLOK Blockchain assets are the standout by far! Plenty of the names in this group had high short-interest heading into this month, and I’d imagine that most investors were squeezed out of their shorts in this group.
And on the 1-week timeframe, ARKK innovation stocks are leading!
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