Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Stocks

Investors Continue To Believe

by July 28, 2023
July 28, 2023
Investors Continue To Believe

The market has continued higher. Period. Despite all the warnings, markets continue to push higher. This is the view over the last month. You can see the dates of each chart in the top left corner and the number of trading days in the lower right corner.

Every sector was a winner for this month of July. Real Estate has been one of the top sectors for two of the four weeks, but it has been as weak as discretionary overall. Commodities had a rough first 1/2, but energy is starting with a strong month of July. Energy has a lot of catching up to do to reach the extremes of the semiconductor industry performance.

In first 1/2 of 2022, energy stayed strong while tech fell away from the leadership position. 2023 has seen an abrupt reversal of that. The chart below is year to date for 2023.

However, since June 1st, some of the main commodity ETF’s have been stronger than the tech universe. The exploration and production ETF is currently doubling the performance of the IGV software ETF, SMH the semiconductor ETF, or XLC the communications ETF.

As oil touches $80, is there more in the tank? I would suspect so as the global energy trade has gone from worst to first again. But the relentless discussion around AI continues to add strength to the tech sector including semiconductors, electrical components and software. It is not a matter of being right or wrong, but the continual shift of what is the strongest lately makes it hard for everyone to always be in the best areas of the market.

0
FacebookTwitterGoogle +Pinterest
previous post
Deep-blue state doled out $5.2 billion in ‘overpayments’ during COVID, gave millions to dead people: audit
next post
The Wisdom of Jesse Livermore, Part 11

Related Posts

More from Mish’s Outlook 2024 — 17 Predictions

December 26, 2023

Dow Jones and S&P 500 Close At Record...

January 20, 2024

Week Ahead: NIFTY May See Sharp Moves; Volatility...

January 28, 2024

Three Stocks in Focus: One Old Favorite, One...

July 19, 2025

Is It Time to Lower Our Market Expectations?

July 14, 2025

Capitalizing on Market Momentum: The Art of Pullback...

November 17, 2023

Week Ahead: NIFTY May Continue Staying Volatile; Focus...

April 13, 2025

Week Ahead: Broader Markets Set To Relatively Underperform;...

November 4, 2023

Limited Leadership, but Still Plenty of Choice

June 17, 2023

3 Health Care Stocks Flashing Promising Golden Cross:...

January 10, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Corcel Announces Non-Brokered Private Placement

    • Sankamap Announces Airborne Geophysical Survey Results Highlighting Promising Anomalies

    • SAGA Metals Mobilizes Final Team for Major Drill Program at Radar Project in Labrador, Targeting Maiden Mineral Resource Estimate & Provides Corporate Update

    • Crypto Market Update: 21Shares Files for Hype ETF, Australia Moves to Regulate Stablecoins

    • Almonty Acquires Montana Tungsten Project as US Seeks to Revive Domestic Supply

    Categories

    • Business (1,406)
    • Investing (3,087)
    • Politics (3,699)
    • Stocks (1,834)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved