Material Rising

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. 

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