What to sell in a Bear Market rally–and two sells for Monday, Omnicom and Alcoa

What to sell in a Bear Market rally–and two sells for Monday, Omnicom and Alcoa

I ended my recent post “This looks like the Bear Market rally I’ve been waiting for” on my subscription JubakAM.com site by saying “Enjoy the ride but look to sell shares of companies that look most exposed to the return of recession/high interest rates/inflation worries. That post had been up for all of 18 minutes before I got the perfectly reasonable question “Like what?” And I promised an answer so here are my preliminary thoughts on what I’d look to sell in a Bear Market rally

Stocks driving you crazy yet? In massive turnaround, NASDAQ climbs 3.69% today after 2.41% tumble yesterday

Stocks driving you crazy yet? In massive turnaround, NASDAQ climbs 3.69% today after 2.41% tumble yesterday

Technology stocks, so pummeled yesterday, roared back today. The NASDAQ Composite gained 3.69% on the day. The NASDSQ 100 with its huge waiting to BIG TECH closed up 4.03%. After yesterday, a day when the recent rotation into value, cyclical, and vaccine recovery stocks resulted in a sell off in technology shares, today, March 9, those shares showed only muted if any gains, and tech stocks saw huge pickups.