FSI Sector Allocation

Stock List

Notice: The FSI Sector Allocation Strategy is now under the direction of Tom Lee, our Head of Research, and Ken Xuan, our Head of Data Science. We aim to continue helping investors outperform the S&P 500 without increased risk exposure. Meanwhile, Brian's contributions, such as Wall Street Whispers and Brian's Dunks, are archived and will cease to be updated. For more information contact us.

July Outlook 2023

Tickers in this report: $XLV, $XLP, $XLK, $XLE, $XLU, $XLI, $XLB

Bottom line: The cap-weighted S&P 500 continues to try and grind higher, as there seems to be an overall lack of fear. When looking at market action and how things are priced, it would appear that 1) there will not be a recession; 2) forward profits are forecasted to begin a steep ramp to double-digit growth for all quarters during 2024; 3) the Fed is finished and that they will return to easing during 2024. If this mix actually occurs, then my less-than-bullish view will surely be wrong.

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