MORE SECTORS JOINING THE BULL RUN

Bull Markets are like a relay race. One sector goes up, then passes on the baton to another sector .. And so on. It gives you a buffet and you can eat what you like … but don’t overeat.  

– Rakesh Jhunjhunwala

Key stocks in the sectors mentioned in the above table are making new highs on large volumes. At the same time, stocks already in the bull run are continuing to rise except for few Big Pharma stocks. Clearly, sectors are getting added on to the bull run rather than getting replaced.  

In my last note on 10th August, 2021, I had shared about my continuing bullish view about the markets based on international precious metals prices. Very next day, I had shared about the shift of bullishness form small and mid cap to large cap stocks. The markets reduced our allocation on 11th August and since then, we have made fresh allocations to large cap stocks which seems to be working.