Disclaimer: Whatever I say or post doesn't act as financial advice, so please do your due diligence before making any decision.
Chase the wave, or pause because the market is overbought and overly euphoric? I think that in this overzealous market, we should all take a step back and look for overlooked sectors. Healthcare is definitely one of the most beaten-down sectors, despite established companies such as JNJ and ABBV reporting earnings that exceeded expectations.
Once institutional investors feel that tech stocks have become too overbought and begin taking profits, capital will likely rotate into overlooked sectors, with healthcare being one of the stronger candidates. I do not think this will happen immediately, but it is an idea worth sitting on and watching closely.
@Madluvyz - Specialist in using FA and TA to sell options and swing trade.😺
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