June 4, 2020, 12:39 pm EDT
Banks and Aerospace Holding Up
Industry map provides helicopter view to industry map with 96 industries performance. Banks, aerospace and airlines are few strong hold to avoid pullback after yesterday’s 500+ points Dow Jones gain.
All major indexes rally about +40% since March 23 bottom. This kind of straight up V-shape rebound and reversal with this amount of return was rare throughout the past 100 years of history. Therefore, it should be expected that a certain pullback will come. It may start today.
Therefore, watch out portfolio holding positions and be ready either to take some profits or cut loss accordingly.