We're seeing some unusual relative strength recently in areas like Brazil and China. That is something we haven't been able to say in quite some time.
With such relentless strength in Financials and Energy lately, on the back of those much higher interest rates, it's about time we start to see rotation into the more beaten up areas in stocks.
We have yet to see a bottom in Small-caps, Biotechs, ARKK stocks and most of the names that led back in 2020. It's just been very aggressive selling.
With Energy and Financials leading the way for so long now, which sector is going to step up next? I think it's going to be Industrials along with some of the more beaten up areas. But which ones? I think China and Brazil are two areas to watch.
All this and more, along with what we expect for Bitcoin this quarter in our latest episode on StockCharts TV.