As we come to the closing week of the 2nd Quarter and 1st Half, institutional investors are rebalancing their portfolios. The enormous runup in a handful of AI stocks is generating more rotation than normal. Expect Friday’s volume to be huge.
Today I added more positions, mostly in the Industrial sector. Stocks purchased today include: BUD, CSX, EMN, LECO, NDSN, NSC, OLN, PPG, TOL, & UNP.
I’ll be discussing my rationale for focusing on Industrials during an upcoming episode of the Wealthsteading Podcast.
BTW- this afternoon FEDEX announced that they “beat expectations.” No surprise that after hours the stock was up 14%. We’re in an extremely hypersensitive market. Any bit of “news” causes an excessive response.
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