also suggest that some of the market's most popular names may be getting overbought, Stockton said.
"In the last month, for the first time in years, actually, we've actually seen that shift to the lowest-volatility names garnering the highest returns," Sanchez said. "That basically suggests that the market is becoming significantly more defensive. And this is significant because we just haven't seen this kind of a rotation back to that kind of market-conservative stance in a very long time.
"Consumer discretionary, actually, even though it looks very expensive, if you neutralize the earnings part and you assume that earnings will be able to get back to normal in the next 12-18 months, that part of the market actually probably could do very well," said Sanchez, also chief market strategist at Lido Advisors.
Milestonesfoto TradingNation That's racist
TradingNation I'm offended
TradingNation STOP INTERRUPTING HIM!!!!!!!!!!!!!!!!!!!!!
TradingNation Chink?
TradingNation Nice sinophobia SHAMEFUL This is why I use the r/WSB Discord (DM for details)
TradingNation You just Doxxed on of the Reddit users who was a part of this. Fuck you.
TradingNation I know this is like people that actually think our election was stolen but when a stock goes up 1700% why wouldn't you think the stock market will go down after so many pool back. You really need to look how the taxes work. I was paying 24% taxes while day traders were paying 15%