August 5, 2020, 12:47 pm EDT
Material Rising
The Material sector XLB +1.8% leads DJIA with 300+ points gain as of now. FCX +9% and AA +6% (portfolio holding) are breaking out from a solid base. It looks like the material sector has upside momentum to climb much higher from current level.
Disney (DIS) is up +10% with more than 60 millions subscribers that is strong enough to fight with streaming giant Netflix.
Retailers are moving up fast: PVH, NKE, LULU, HAS in anticipation for more stimulus money to be sent to consumers.
Overall stock markets are still in super-hot bullish mode.
