Does anyone here do sector rotation strategies for stocks? If so what is your opinion on current phase/transition? Seems to me we're about to move from the "late/moderation" phase and about to go into straight recession.
I am basing this on the fact that index which tracks the proportion of TSX energy stocks above their 200 day average, it's hit a peak in 90%+ range and and looks like it's about to dip. Seems like a good time to grab things in the next phase (utilities, healthcare, consumer staples)?
Does anyone here do sector rotation strategies for stocks? If so what is your opinion on current phase/transition? Seems to me we're about to move from the "late/moderation" phase and about to go into straight recession.
I am basing this on the fact that index which tracks the proportion of TSX energy stocks above their 200 day average, it's hit a peak in 90%+ range and and looks like it's about to dip. Seems like a good time to grab things in the next phase (utilities, healthcare, consumer staples)?
Thoughts? Too early? Just right?