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Morning Notes — Sectors Plus

Sectors Plus

May 17, 2021

Stay focused on value sectors (Financials, Materials and Energy), small-cap indices like the Russell 2000 (RTY) and value stocks within retail.  Retailers spent the last year taking down SG&A costs and US consumer balance sheets are in their best shape in more than 40 years with upcoming catalysts: 1) a child tax care credit beginning in July worth an additional ~50% of the recent stimulus checks; 2) the first real back-to-school cycle in 2 years with athletics and; 3) a potential denim-driven fashion cycle.   

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