Latest / Rigatoni Capital Podcast
Financials Are Dead Money While Semis and Industrials Looked Oversold
Financials are stuck in no man’s land, and we briefly discuss my thoughts on why, like a flattening of the yield curve, and some uncertainty around the M&A/IPO market. I also grade the top names in the XLF for fun, from Berkshire and JPMorgan down through the card networks, and only two earned an A from me. I still own financials but I think it’s ok to be realistic and admit when I don’t see much value there today.
Where I do see value is in the places everyone wants to avoid. Semiconductors are kissing the 200-day and were due for a quick bounce. How much of a bounce, I am not sure, but if…
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